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

NXP Semiconductors (NASDAQ:NXPI) issued its quarterly earnings results on Monday. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02, Briefing.com reports. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the business earned $3.31 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. 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 Down 5.2 %

NXPI stock opened at $224.65 on Wednesday. The company has a market cap of $57.23 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.49. The business has a 50-day simple moving average of $236.74 and a 200 day simple moving average of $253.34. NXP Semiconductors has a 52 week low of $178.19 and a 52 week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.94%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several analyst reports. Truist Financial decreased their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research note on Monday. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price for the company. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday. 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. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $280.60.

Insider Activity at NXP Semiconductors

In related 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 value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

About NXP Semiconductors

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.