NXP Semiconductors (NASDAQ:NXPI) Updates Q4 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) updated its fourth quarter earnings guidance on Monday. 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.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a report on Monday. Oppenheimer cut their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday. Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective on the stock. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, UBS Group decreased their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $276.85.

NXP Semiconductors Price Performance

NASDAQ NXPI traded up $4.23 during mid-day trading on Thursday, hitting $235.61. The stock had a trading volume of 1,156,992 shares, compared to its average volume of 2,286,361. The company has a 50 day simple moving average of $236.43 and a 200 day simple moving average of $253.19. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $60.02 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a 52-week low of $179.64 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the firm earned $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts forecast that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.