NXP Semiconductors (NXPI) PT Raised to $120 at Needham & Company
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NXP Semiconductors (NXPI) PT Raised to $115 at Drexel Hamilton Amid Strong Results, Outlook
April 26, 2016 12:25 PM EDTDrexel Hamilton analyst Cody Acree reiterated a Buy rating and raised his price target on NXP Semiconductors NV (NASDAQ: NXPI) to $115.00 (from $102.00) following solid Q1 results and guidance.
Acree highlighted:
NXP delivered solid Q1, provided a guidance that was better than... MoreNXP Semiconductors (NXPI) Tops Q1 EPS by 5c; Issues Solid Q2 Outlook
April 26, 2016 6:25 AM EDTNXP Semiconductors (NASDAQ: NXPI) reported Q1 EPS of $1.14, $0.05 better than the analyst estimate of $1.09. Revenue for the quarter came in at $2.24 billion versus the consensus estimate of $2.21 billion.
GUIDANCE:
NXP Semiconductors sees Q2 2016 EPS of $1.30-$1.40, versus the consensus of $1.32. NXP Semiconductors sees Q2 2016 revenue of $2.247-2.347 billion, versus the consensus of $2.34 billion.
Looking at our reported results for the first quarter of 2016, revenue was $2.22 billion, an increase of 52 percent year-on-year, and an increase of 38 percent versus the prior quarter. HPMS segment revenue was $1.9 billion, an increase of 73 percent... More
