NXP Semiconductors (NASDAQ:NXPI) Announces Earnings Results

NXP Semiconductors (NASDAQ:NXPI) issued its earnings results on Monday. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02, Briefing.com reports. The firm 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 business’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 earnings per share. 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 Performance

Shares of NXPI traded down $14.38 during trading hours on Tuesday, reaching $222.52. 2,377,010 shares of the company traded hands, compared to its average volume of 2,268,961. 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 business has a fifty day moving average price of $237.30 and a 200-day moving average price of $253.27. NXP Semiconductors has a 12-month low of $178.19 and a 12-month high of $296.08. The stock has a market capitalization of $56.68 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.59 and a beta of 1.49.

NXP Semiconductors Announces Dividend

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. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.82%. NXP Semiconductors’s payout ratio is currently 37.94%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NXPI. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday. Citigroup raised their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. Truist Financial lowered their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. TD Cowen cut their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $288.90.

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.