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NXP Semiconductors (NXPI) Stock Moves -0.46%: What You Should Know

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NXP Semiconductors (NXPI - Free Report) closed at $193.86 in the latest trading session, marking a -0.46% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.68%.

Coming into today, shares of the chipmaker had lost 1.32% in the past month. In that same time, the Computer and Technology sector gained 9.54%, while the S&P 500 gained 6.62%.

Investors will be hoping for strength from NXPI as it approaches its next earnings release, which is expected to be April 26, 2021. The company is expected to report EPS of $2.21, up 8.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.56 billion, up 26.47% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.33 per share and revenue of $10.45 billion. These totals would mark changes of +18.85% and +21.38%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for NXPI. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.43% higher. NXPI currently has a Zacks Rank of #3 (Hold).

Digging into valuation, NXPI currently has a Forward P/E ratio of 21.36. This represents a discount compared to its industry's average Forward P/E of 30.05.

We can also see that NXPI currently has a PEG ratio of 2.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.

The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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