Inventory Correction Led to NXP Semiconductors (NXPI) Guide Down

Sterne Agee CRT: NXP (NXPI) is a Buying Opportunity, Pullback Shortlived

Douglas Freedman from Sterne Agee CRT published a note describing why the NXP (NASDAQ: NXPI) weakness is overblown. The analyst believes that accounting practices and a reliance on China rather than a fundamental break in the business model are to blame.

Management attributed the Q4 revenue outlook of mid-teens percentage sequential decline to a large-scale inventory adjustment at channel... More

NXP Semiconductors (NXPI) Hit by Late 3Q Demand Weakness; Susquehanna Cuts Price Target to $100

Susquehanna maintained a Positive rating on NXP Semiconductors NV (NASDAQ: NXPI), and cut the price target to $100.00 (from $128.00), following the company's 3Q Results. NXPI reported revenue of $1.522 bln, in-line with the lower end of guidance ($1.52 bln-$1.575 bln), but below consensus of $1.552 bln. EPS of $1.57 was well ahead of consensus of $1.50.

Analyst Chris Caso... More

Decline in Secure Interfaces and Power Business Hits NXP Semiconductors' (NXPI) Revenue; Needham & Company Cuts Price Target to $100

Needham & Company maintained a Strong Buy rating on NXP Semiconductors NV (NASDAQ: NXPI), and cut the price target to $100.00 (from $140.00), following the company's 3Q15 earnings report. Revenue of $1.52Bn was slightly below our in-line $1.55Bn estimate, largely due to a decline in the Secure Interfaces and... More

NXP Semiconductors (NXPI) Guides 4Q Down vs. Flat Consensus; Mizuho Securities Reiterates Buy

Mizuho Securities reiterated a Buy rating and $120.00 price target on NXP Semiconductors NV (NASDAQ: NXPI) following the company's 3Q15 earnings results. NXPI reported SepQ earnings that were inline with consensus, but guided DecQ down 15% q/q versus a flat consensus. The down... More

NXP Semiconductors (NXPI) Guide Down More Aggressive Than End Demand Trends - Mizuho

NXP Semiconductors (NASDAQ: NXPI) 15% reduction in 4Q15 guidance is to correct some of the inventories that built up in the past quarter. Ex-inventory alignment, guidance would have only been down low to mid-single digits. NXPI does not think it has lost any market share or key... More

NXP Semiconductors (NXPI) Tops Q3 EPS by 7c; Sees Q4 Revs Down Low to Upper-Teens

After the close, NXP Semiconductors (NASDAQ: NXPI) reported Q3 EPS of $1.57, $0.07 better than the analyst estimate of $1.50. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.55 billion.

Sees Q4 revenue down in the low to upper-teens range.

Our profitability in the third quarter of 2015 was very strong, as NXP delivered total revenue of $1.52 billion and non-GAAP operating margin of nearly 30 percent. Revenue was approximately flat versus the same period in the prior year, and... More