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

NXP Semiconductors (NASDAQ:NXPI) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 2.930-3.330 for the period, compared to the consensus 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 Trading Up 3.5 %

Shares of NXPI stock traded up $7.83 during trading hours on Wednesday, reaching $232.48. 1,600,948 shares of the stock traded hands, compared to its average volume of 2,282,524. The firm has a market capitalization of $59.22 billion, a PE ratio of 21.67, a PEG ratio of 2.59 and a beta of 1.49. 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 $236.74 and a 200 day moving average price of $253.34. NXP Semiconductors has a 1-year low of $178.19 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for 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 company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 EPS. On average, equities research analysts forecast that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is 37.94%.

Wall Street Analyst Weigh In

Several research firms have commented on NXPI. The Goldman Sachs Group decreased their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, TD Cowen decreased their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $277.35.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the 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 completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

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.