NXP Semiconductors (NASDAQ:NXPI) Issues Q4 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $2.93-3.33 for the period, compared to the consensus earnings per share estimate of $3.63. The company issued revenue guidance of $3.0-3.2 billion, compared to the consensus revenue estimate of $3.36 billion. NXP Semiconductors also updated its Q4 2024 guidance to 2.930-3.330 EPS.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NXPI shares. Evercore ISI cut their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus dropped their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Citigroup increased their target price 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. Truist Financial reduced their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Susquehanna dropped their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.85.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $4.23 during trading hours on Thursday, reaching $235.61. 1,156,992 shares of the company traded hands, compared to its average volume of 2,286,361. NXP Semiconductors has a 12-month low of $179.64 and a 12-month high of $296.08. The company has a market cap of $60.02 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.57 and a beta of 1.49. The firm has a 50-day moving average price of $236.43 and a 200 day moving average price of $253.19. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Company Profile

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.