Wall Street brokerages forecast that NXP Semiconductors NV (NASDAQ:NXPI) will announce $2.39 billion in sales for the current quarter, Zacks reports. Seven analysts have made estimates for NXP Semiconductors’ earnings, with estimates ranging from $2.38 billion to $2.39 billion. NXP Semiconductors posted sales of $2.46 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that NXP Semiconductors will report full year sales of $9.39 billion for the current financial year, with estimates ranging from $9.39 billion to $9.40 billion. For the next fiscal year, analysts forecast that the firm will report sales of $9.53 billion, with estimates ranging from $9.30 billion to $9.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow NXP Semiconductors.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%.

Several analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of NXP Semiconductors in a report on Monday. UBS Group assumed coverage on NXP Semiconductors in a report on Thursday. They set a “neutral” rating and a $90.00 price objective on the stock. Citigroup decreased their price objective on NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 2nd. Stifel Nicolaus reaffirmed a “sell” rating on shares of NXP Semiconductors in a report on Thursday, November 1st. Finally, Needham & Company LLC decreased their price objective on NXP Semiconductors to $100.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. NXP Semiconductors has an average rating of “Hold” and a consensus price target of $102.64.

A number of large investors have recently added to or reduced their stakes in NXPI. Third Point LLC purchased a new stake in NXP Semiconductors during the 2nd quarter valued at $1,174,652,000. Pictet Asset Management Ltd. purchased a new stake in NXP Semiconductors during the 3rd quarter valued at $245,762,000. Canada Pension Plan Investment Board purchased a new stake in NXP Semiconductors during the 3rd quarter valued at $225,934,000. Brown Advisory Inc. raised its holdings in NXP Semiconductors by 10,111.1% during the 3rd quarter. Brown Advisory Inc. now owns 2,458,011 shares of the semiconductor provider’s stock valued at $210,159,000 after buying an additional 2,433,939 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in NXP Semiconductors by 1,286.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,948,362 shares of the semiconductor provider’s stock valued at $109,338,000 after buying an additional 1,807,802 shares during the period. Institutional investors own 75.58% of the company’s stock.

Shares of NXPI opened at $82.05 on Friday. The company has a market cap of $28.12 billion, a PE ratio of 11.43, a PEG ratio of 1.07 and a beta of 0.93. NXP Semiconductors has a 1 year low of $69.72 and a 1 year high of $125.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 1.22.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.00 annualized dividend and a yield of 1.22%. NXP Semiconductors’s payout ratio is presently 11.84%.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Earnings History and Estimates for NXP Semiconductors (NASDAQ:NXPI)

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