Oppenheimer analyst Rick Schafer maintained a Hold rating on NXP Semiconductors (NXPI) today. The company’s shares closed yesterday at $90.73.
Schafer said:
“NXPI held its earnings call Thursday. 4Q sales/EPS of $2.40B/$2.13 were in line with consensus $2.38B/$2.17. 1Q sales outlook of $2.09B missed Street’s $2.27B and our Street-low $2.18B. Mgmt highlighted WLTP emissions testing, Brexit and slowdown in China as headwinds for 1H19. GM was down 110bps but guided up to 55% by EOY on improved pricing and factory efficiencies. Channel inventories remain at 2.4 months, in line with targets. Mgmt indicated improving orders rates are encouraging signs 2Q will be up Q/Q, followed by a likely 2H rebound. Mgmt updated NXPI reported segments to provide improved visibility by end market. Lingering macro uncertainly and ongoing semi cycle correction keep us on the sidelines for now.”
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 14.4% and a 67.7% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.
NXP Semiconductors has an analyst consensus of Moderate Buy, with a price target consensus of $96.86.
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The company has a one-year high of $125.93 and a one-year low of $67.62. Currently, NXP Semiconductors has an average volume of 4.55M.
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NXP Semiconductors NV is a holding company, which engages in the development, manufacture, and provision of mixed-signal semiconductor solutions. It operates through the following segments: High Performance Mixed Signal, Standard Products, and Corporate and Other.
