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NXP Semiconductors

5/20/2013, 2:29 PM ET

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Tuesday, April 23, 8:04 AM NXP (NXPI) +4.3% after beating Q1 estimates and issuing healthy guidance. The chipmaker expects Q2 revenue of $1.12B-$1.18B and EPS of $0..62-$0.70, generally favorable to a consensus of $1.14B and $0.62. A 60% Y/Y increase in identification chip sales to $300M (now 28% of revenue, fueled by NFC chips) contributed to the beat. 20% Y/Y growth for high-performance mixed signal chips also didn't hurt. Portable & Computing (PC/mobile chips) was a weak spot, declining 12% Q/Q (though up 9% Y/Y). Gross margin rose to 50% from Q4's 46% and Q1 2012's 44%, and buybacks totaled $35M. Opex rose 1%, well below rev. growth of 15%. (PR) Comment! [Tech, Earnings, On the Move]
Tuesday, April 23, 5:44 AM NXP Semiconductors (NXPI): Q1 EPS of $0.72 beats by $0.23. Revenue of $1.09B beats by $0.02B. (PR) 2 Comments [Earnings, Breaking News, Tech]
Monday, April 22, 12:10 AM Notable earnings after Monday’s close: ACE, AMP, CNI, HXL, ILMN, NFLX, NXPI, PKG, RCI, SANM, STM, SWFT, TXN, VECO, ZION Comment! [Earnings]
Sunday, April 21, 5:35 PM Notable earnings after Monday’s close: ACE, AMP, CNI, HXL, ILMN, NFLX, NXPI, PKG, RCI, SANM, STM, SWFT, TXN, VECO, ZION Comment! [Earnings]
Wednesday, April 17, 12:26 PM Chip stocks have a rough day (SOXX -2.8%) following Cirrus Logic's warning, light guidance from Linear Technology (LLTC -4.6%) to go with a Q1 beat - Linear sees 1%-4% Q/Q revenue growth for calendar Q2, below a 4.7% consensus - and ho-hum Q1 results/Q2 guidance from Intel. Apple suppliers Broadcom (BRCM -4%), Avago (AVGO -5.5%), STMicroelectronics (STM -6.7%), NXP (NXPI -7%), RF Micro (RFMD -2.8%), and OmniVision (OVTI -3.3%) are among the casualties, but they're far from alone. ANAD -6.2%. STM -5.7%. FSL -5%. ADI -4.5%. TXN -4.4%. Comment! [Tech, On the Move]
Wednesday, March 27, 10:29 AM European tech and telecom stocks are underperforming as continental equities sell off on Italian concerns. STM -3.9%. ALU -2.3%. NXPI -1.4%. FTE -4.3%. TEF -2.1%. TI -4.3%. VOD -1.7%. One exception is Nokia (NOK +0.3%), which is benefiting from an upgrade to Buy from Swedbank. 6 Comments [Tech, On the Move]
Monday, March 18, 11:54 AM Samsung's Galaxy S IV uses a Broadcom (BRCM +0.9%) NFC chip rather than an NXP (NXPI -3.3%) part, NFC Times confirms in a column that seems to be pressuring NXP shares - some already suspected a Broadcom chip is being used. The site adds Broadcom's part works in tandem with an STMicroelectronics (STM +3.8%) memory chip to enable NFC payment apps from Visa and MasterCard. NXP supplies the NFC chip found in the Galaxy S III and is still the market's leading vendor, but Broadcom's design win rate has been picking up lately. 1 Comment [Tech, On the Move]
Monday, March 11, 2:49 PM NXP (NXPI +0.5%) sold 125M NFC chips last year, and all other suppliers just 25M, the company brags. Even though consumer adoption of NFC-based payment services remains a work-in-progress, Samsung and other top OEMs have embraced the technology; Apple remains a notable holdout. ABI Research currently forecasts 250M NFC-enabled phones and tablets will be sold this year; an exec at the research firm expects that number to be raised. NXP should face tougher NFC competition this year, courtesy of Broadcom and Qualcomm. Comment! [Tech]
Thursday, March 7, 5:34 PM NXP's (NXPI) P-E investors are selling another 25M shares (nearly 10% of outstanding shares) through a public offering. The announcement follows one for a 30M-share sale last month. Separately, Raymond James has started coverage on the chipmaker with an Outperform and $36 PT. Shares -1.7% AH. Comment! [Tech]
Monday, February 25, 1:48 PM Samsung's Galaxy S IV will support NFC payments for Visa (V) credit and debit accounts, courtesy of Visa's PayWave app. The tie-up is part of a broader partnership the companies estimate will cover 100M NFC-enabled Samsung devices over the next 12 months. Separately, MasterCard (MA) is unveiling MasterPass, a multi-card mobile payments platform that supports both NFC and other contactless technologies. NFC chip leader NXP (NXPI +1%) might be receiving a slight boost from the news. 2 Comments [Tech, Financials]
Monday, February 4, 4:06 PM NXP (NXPI -4.6%) closes with a sizable loss thanks to a general selloff in European equities, and an announcement the chipmaker's P-E investors plan to unload another 30M shares (12% of outstanding shares) through a secondary offering. The offering will reduce KKR's stake in NXP to 12.8% from 15.9%, Bain's to 10.2% from 12.7%, Silver Lake's to 5.1% from 6.3%., and Apax Partners' to 5.75% from 7.15%. (prospectus) 2 Comments [Tech, On the Move]
Friday, February 1, 12:07 PM European tech stocks are outperforming following a good day for continental indexes, spurred by decent global PMI data and the U.S. NFP report. In addition to Ericsson and Alcatel-Lucent (previous), Nokia (NOK +2.4%), ARM (ARMH +3.5%), STMicroelectronics (STM +4.4%), and NXP (NXPI +2%) are faring well. Comment! [Tech, On the Move]
Thursday, January 31, 5:38 AM NXP Semiconductors (NXPI): Q4 EPS of $0.50 beats by $0.04. Revenue of $1.12B beats by $50M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, January 30, 12:10 AM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Tuesday, January 29, 5:35 PM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Friday, January 11, 2:17 PM A day after TSMC (TSM -0.1%) reported healthy December sales, occasionally-accurate Digitimes writes "industry watchers" expect TSMC to report a 7%-11% Q/Q sales drop for seasonally weak Q1, a range largely below estimates. Top clients such as QCOM, BRCM, TXN, and NXPI have reportedly "started to slow down orders" due to inventory adjustments," and wafer starts for MediaTek and Spreadtrum (SPRD) are seen falling 10%-20%. It's worth noting the article follows multiple reports of iPhone chip order cuts - several TSMC clients are iPhone suppliers. Comment! [Tech]