What is Zacks Research’s Forecast for NXPI FY2024 Earnings?

NXP Semiconductors (NASDAQ:NXPI) – Zacks Research decreased their FY2024 earnings estimates for shares of NXP Semiconductors in a report issued on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the semiconductor provider will earn $11.57 per share for the year, down from their prior estimate of $12.02. The consensus estimate for NXP Semiconductors’ current full-year earnings is $11.37 per share. Zacks Research also issued estimates for NXP Semiconductors’ Q4 2024 earnings at $2.79 EPS, Q1 2025 earnings at $2.35 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $3.02 EPS, Q4 2025 earnings at $3.29 EPS, FY2025 earnings at $11.17 EPS, Q1 2026 earnings at $2.72 EPS, Q2 2026 earnings at $3.28 EPS, Q3 2026 earnings at $3.47 EPS and FY2026 earnings at $12.87 EPS.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the company earned $3.31 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis.

A number of other analysts have also recently weighed in on NXPI. The Goldman Sachs Group decreased their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. UBS Group decreased their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. TD Cowen reduced their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Evercore ISI decreased their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

NXP Semiconductors Trading Down 0.9 %

NXPI opened at $226.53 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $198.36 and a 52 week high of $296.08. The business’s 50 day moving average is $233.43 and its two-hundred day moving average is $250.81. The firm has a market cap of $57.57 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 4.70 and a beta of 1.49.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently modified their holdings of the company. Family Firm Inc. purchased a new stake in NXP Semiconductors during the second quarter worth $27,000. Addison Advisors LLC boosted its position in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Valley National Advisers Inc. boosted its position in shares of NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $33,000. Finally, Beacon Capital Management LLC increased its holdings in NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 trade represents a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

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.