Needham & Company Maintains Strong Buy on NXP Semi (NXPI) Following Results

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Go back to Needham & Company Maintains Strong Buy on NXP Semi (NXPI) Following Results

Jefferies Reiterates Buy on NXP Semiconductors (NXPI) Following 2Q Report

July 28, 2016 10:06 AM EDT

Jefferies 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 EDT

Late 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