NXP Semiconductors NV (NXPI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.35. The company posted revenue of $2365.00 million in the period, compared to analysts expectations of $2340.08 million. The company’s revenue was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.
Many Wall Street Analysts have commented on NXP Semiconductors NV. NXP Semiconductors NV was Downgraded by BofA/Merrill to ” Neutral” on Jun 27, 2016. Credit Agricole Initiated NXP Semiconductors NV on May 17, 2016 to “Buy”, Price Target of the shares are set at $105.NXP Semiconductors NV was Upgraded by Goldman to ” Buy” on May 5, 2016.
NXP Semiconductors NV closed down -3.09 points or -3.53% at $84.35 with 89,75,429 shares getting traded on Thursday. Post opening the session at $84.68, the shares hit an intraday low of $83.06 and an intraday high of $87.8 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
NXP Semiconductors N.V. (NXP) is a holding company. The Company is a semiconductor company. The Company provides high performance mixed signal and standard product solutions. Its product solutions are used in a range of automotive identification wireless infrastructure lighting industrial mobile consumer and computing applications. The Company operates in two segments: High Performance Mixed Signal (HPMS) and Standard Products (SP). The Company sells two categories of products High Performance Mixed Signal product solutions and Standard Products. The HPMS segment offers semiconductors and system solutions. The SP segment consists of devices which can be incorporated in many different types of electronics equipment and which are sold to a range of customers both directly and through distributors.