NXP Semiconductors (NASDAQ:NXPI) Updates Q4 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $2.93-3.33 for the period, compared to the consensus EPS estimate of $3.63. The company issued revenue guidance of $3.0-3.2 billion, compared to the consensus revenue estimate of $3.36 billion. NXP Semiconductors also updated its Q4 2024 guidance to 2.930-3.330 EPS.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $1.69 during midday trading on Monday, reaching $236.90. The company had a trading volume of 2,640,987 shares, compared to its average volume of 2,268,387. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08. The company’s 50 day moving average price is $237.30 and its 200 day moving average price is $253.27. The stock has a market cap of $60.35 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.54 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.71%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.85%.

Analyst Ratings Changes

Several research firms have issued reports on NXPI. Barclays upped their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Oppenheimer lifted their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $288.90.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible 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.