NXP Semiconductors Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

NXP Semiconductors N.V. NXPI will release its second quarter financial results, after the closing bell on Monday, July 22.

Analysts expect the Eindhoven, the Netherlands-based company to report quarterly earnings at $3.21 per share, down from $3.43 per share in the year-ago period. NXP Semiconductors is expected to post revenue of $3.13 billion, according to data from Benzinga Pro.

On May 30, the company's board of directors approved the payment of an interim dividend of $1.014 per ordinary share for the second quarter.

NXP Semiconductors shares fell 3.6% to close at $269.29 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Stifel analyst Tore Svanberg maintained a Hold rating and raised the price target from $240 to $275 on July 18. This analyst has an accuracy rate of 79%.
• Barclays analyst Blayne Curtis maintained an Overweight rating and boosted the price target from $280 to $330 on July 18. This analyst has an accuracy rate of 76%.
• Cantor Fitzgerald analyst  C J Muse maintained an Overweight rating and increased the price target from $325 to $350 on July 16. This analyst has an accuracy rate of 78%.
• Citigroup analyst Christopher Danely maintained a Sell rating and raised the price target from $150 to $220 on July 15. This analyst has an accuracy rate of 80%.
• Oppenheimer analyst Rick Schafer maintained an Outperform rating and increased the price target from $295 to $330 on July 12. This analyst has an accuracy rate of 81%.

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