NXP Semiconductors (NASDAQ:NXPI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

NXP Semiconductors (NASDAQ:NXPI) 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

A number of analysts have commented on the stock. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target for the company. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday. Citigroup upped their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Finally, Oppenheimer reduced their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $276.85.

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.