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

NXP Semiconductors (NASDAQ:NXPI) updated its fourth quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 2.930-3.330 for the period, compared to the consensus EPS 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 Price Performance

Shares of NXPI stock traded up $4.81 during midday trading on Thursday, reaching $236.19. 1,503,454 shares of the company traded hands, compared to its average volume of 2,288,162. The firm’s 50 day simple moving average is $236.43 and its two-hundred day simple moving average is $253.19. The firm has a market cap of $60.16 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. NXP Semiconductors has a 1-year low of $179.64 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts expect that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 38.74%.

Analyst Ratings Changes

A number of research analysts have weighed in on NXPI shares. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research report on Friday, October 18th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Truist Financial lowered their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday. Citic Securities started coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target on the stock. Finally, Citigroup raised 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $276.85.

Insider Transactions at NXP Semiconductors

In related 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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.