NXP Semiconductors (NASDAQ:NXPI) Issues Q4 2024 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 2.930-3.330 for the period, compared to the consensus earnings per share estimate of 3.640. The company issued revenue guidance of $3.0 billion-$3.2 billion, compared to the consensus revenue estimate of $3.4 billion. NXP Semiconductors also updated its Q4 guidance to $2.93-3.33 EPS.

NXP Semiconductors Stock Up 2.1 %

NASDAQ:NXPI traded up $4.81 during trading hours on Thursday, hitting $236.19. 1,503,454 shares of the company’s stock traded hands, compared to its average volume of 2,288,162. The firm has a market cap of $60.16 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.57 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The stock’s fifty day moving average price is $236.43 and its two-hundred day moving average price is $253.19. NXP Semiconductors has a twelve month low of $179.64 and a twelve month 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 analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 earnings per share. On average, research analysts expect that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed 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 yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NXPI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research report on Monday. Barclays decreased their target price on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday. Susquehanna dropped their price target 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. The Goldman Sachs Group dropped their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Finally, UBS Group decreased their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $276.85.

Insider Activity

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 value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is 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.