NXP Semiconductors Reports Second Quarter 2016 Results
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Needham & Company Maintains Strong Buy on NXP Semi (NXPI) Following Results
July 28, 2016 3:09 PM EDTNeedham & Company analyst Rajvindra Gill reiterated a Strong Buy rating and $120 price target on NXP Semiconductors NV (NASDAQ: NXPI) following a solid quarter and guide.
Gill commented, "While some investors might be concerned about 4Q commentary, excluding 4Q 2015, we are forecasting sales to... More
Jefferies Reiterates Buy on NXP Semiconductors (NXPI) Following 2Q Report
July 28, 2016 10:06 AM EDTJefferies reiterated a Buy rating and $130.00 price target on NXP Semiconductors NV (NASDAQ: NXPI), following the company's 2Q earnings report. NXPI's sales of $2.37B were slightly above consensus $2.35B. Non-GAAP gross margin of 50.0% was in line with consensus 49.9%. Management expects 3Q16 sales of $2.47B,... More
NXP Semiconductors (NXPI) Tops Q2 EPS by 4c
July 28, 2016 7:30 AM EDTLate Wednesday, NXP Semiconductors (NASDAQ: NXPI) reported Q2 EPS of $1.39, $0.04 better than the analyst estimate of $1.35. Revenue for the quarter came in at $2.37 billion versus the consensus estimate of $2.35 billion.
GUIDANCE:
NXP Semiconductors sees Q3 2016 revenue of $2.415-2.515 billion, versus the consensus of $2.47 billion.
NXP delivered solid results for the second quarter of 2016, with revenue at $2.37 billion, an increase of 57 percent year on year, an increase of 6 percent versus the prior quarter and $20 million above the mid-point of our guidance. HPMS segment revenue was $2.01 billion, an increase... More
