NXP Semiconductors (NASDAQ:NXPI) Posts Earnings Results, Beats Estimates By $0.02 EPS

NXP Semiconductors (NASDAQ:NXPI) announced its quarterly earnings results on Monday. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02, Briefing.com reports. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. NXP Semiconductors updated its Q4 guidance to $2.93-3.33 EPS and its Q4 2024 guidance to 2.930-3.330 EPS.

NXP Semiconductors Stock Down 6.8 %

Shares of NASDAQ:NXPI traded down $16.04 during midday trading on Tuesday, hitting $220.86. The stock had a trading volume of 2,521,282 shares, compared to its average volume of 2,269,635. The company has a market cap of $56.26 billion, a P/E ratio of 20.83, a PEG ratio of 2.59 and a beta of 1.49. NXP Semiconductors has a 12 month low of $178.19 and a 12 month high of $296.08. The business’s 50-day simple moving average is $237.30 and its 200-day simple moving average is $253.27. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. The Goldman Sachs Group decreased their price objective on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Citigroup upped their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. Finally, Barclays raised their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $288.90.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.