NXP Semiconductors (NASDAQ:NXPI – Get Free Report) released its quarterly earnings data on Monday. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02, Briefing.com reports. The company had revenue of $3.25 billion during 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 for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. 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 Trading Up 3.0 %
Shares of NXPI stock opened at $231.38 on Thursday. The stock has a market cap of $58.94 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a 1 year low of $178.19 and a 1 year high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $236.43 and a 200 day simple moving average of $253.19.
NXP Semiconductors Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio is presently 38.74%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on NXP Semiconductors
Insiders Place Their Bets
In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was 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 directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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.
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