NXP Semiconductors (NASDAQ:NXPI – Get Free Report) issued its quarterly earnings data on Monday. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38, Briefing.com reports. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. NXP Semiconductors updated its Q3 guidance to $3.21-3.63 EPS and its Q3 2024 guidance to 3.210-3.630 EPS.
NXP Semiconductors Stock Performance
Shares of NXP Semiconductors stock opened at $283.81 on Tuesday. The stock’s fifty day moving average is $273.65 and its two-hundred day moving average is $248.97. The company has a market capitalization of $72.56 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.52 and a beta of 1.49. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08.
NXP Semiconductors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.43%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on NXP Semiconductors
Insider Buying and Selling at NXP Semiconductors
In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.
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.
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