Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  NXP Semiconductors N.V.    NXPI   NL0009538784

NXP SEMICONDUCTORS N.V.

(NXPI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

NXP Semiconductors is on Track for Record Closing on Improved 3Q Outlook

10/09/2020 | 01:56pm EST

By Maria Armental

Dutch chipmaker NXP Semiconductors NV is on track for a record closing, a day after boosting financial projections for the September quarter on improved demand, particularly from automobile and mobile.

Shares are trading 4.3% higher at $140.62, on track to beat Feb. 13's $138.69 closing record.

The company, which is slated to report third-quarter results on Oct. 26, said it now expects to report an operating profit of about $32 million and about $2.27 billion in revenue for the quarter ended Sept. 27. It had previously projected a $12 million operating profit at the high end of its projection and a $105 million operating loss at the low end and $1.9 billion to $2.1 billion in revenue.

"The business environment has improved at a faster-than-anticipated pace, driving a broadbased increase in revenue, which also enabled higher gross margin," Chief Executive Kurt Sievers said in a statement.

Company officials had pointed to broad-based disruption as customers' manufacturing facilities shut down to help curb the spread of the coronavirus pandemic.

Raymond James Financial Inc.'s analysts raise their price target to $150 from $130.

"The upside was substantial, with particular strength in auto and mobile, echoing the commentary from STM's preannouncement last week," the analysts wrote in a note.

STMicroelectronics NV, which is slated to report third-quarter results on Oct. 22, similarly pointed to a stronger-than-expected third-quarter performance driven by a sharp demand acceleration for automotive products and microcontrollers.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

10-09-20 1355ET

Stocks mentioned in the article
ChangeLast1st jan.
NXP SEMICONDUCTORS N.V. 0.81% 158.94 Delayed Quote.24.89%
RAYMOND JAMES FINANCIAL -0.83% 92.71 Delayed Quote.3.63%
STMICROELECTRONICS N.V. -0.21% 33.16 Real-time Quote.38.55%
All news about NXP SEMICONDUCTORS N.V.
11/18NXP Semiconductors Announces Quarterly Dividend
GL
11/17NXP Collaborates with Amazon Web Services (AWS) to Extend Connected Vehicle O..
GL
11/17NXP SEMICONDUCTORS N : Amazon partner to connect cars to cloud computing service..
RE
11/09NXP Tackles Cost and Complexity of Automotive Software Development with New S..
GL
10/29NXP Semiconductors and Barclays to Present Secure Ultra-Wideband Teach-In
GL
10/28NXP Powers New Xiaomi PonPon Tile 2.0 Stickers to Seamlessly Connect the Smar..
GL
10/27FACTBOX : Biggest global deals in the fast-growing chip industry
RE
10/26KURT SIEVERS : NXP Semiconductors' 4Q Revenue Forecast Beats Wall Street Project..
DJ
10/26NXP Semiconductors Reports Third Quarter 2020 Results
GL
10/26WALL STREET STOCK EXCHANGE : US companies under China sanctions, Many acquisitio..
More news
Financials (USD)
Sales 2020 8 557 M - -
Net income 2020 9,56 M - -
Net Debt 2020 5 091 M - -
P/E ratio 2020 -15 521x
Yield 2020 0,95%
Capitalization 44 463 M 44 463 M -
EV / Sales 2020 5,79x
EV / Sales 2021 5,02x
Nbr of Employees 29 400
Free-Float 88,2%
Chart NXP SEMICONDUCTORS N.V.
Duration : Period :
NXP Semiconductors N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NXP SEMICONDUCTORS N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 156,74 $
Last Close Price 158,94 $
Spread / Highest target 25,8%
Spread / Average Target -1,38%
Spread / Lowest Target -21,4%
EPS Revisions
Managers
NameTitle
Kurt Sievers President, Chief Executive Officer & Director
Peter Leahy Bonfield Non-Executive Chairman
David W. Reed Executive Vice President-Technology & Operations
Peter Kelly Chief Financial Officer & Executive Vice President
Petri Kuivala Chief Information Security Officer
Sector and Competitors
1st jan.Capitalization (M$)
NXP SEMICONDUCTORS N.V.24.89%44 463
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED47.73%444 349
NVIDIA CORPORATION125.44%328 349
INTEL CORPORATION-20.72%194 450
QUALCOMM INCORPORATED63.02%162 672
BROADCOM INC.24.98%159 758