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 earnings per share (EPS) guidance of 2.930-3.330 for the period, compared to the consensus 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.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Susquehanna decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday. Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target for the company. TD Cowen reduced their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, Truist Financial reduced their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.35.

NXP Semiconductors Trading Up 3.5 %

Shares of NXP Semiconductors stock traded up $7.83 during midday trading on Wednesday, reaching $232.48. 1,600,948 shares of the company’s stock traded hands, compared to its average volume of 2,282,524. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market cap of $59.22 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.49. The stock has a 50 day moving average of $236.74 and a 200-day moving average of $253.34. NXP Semiconductors has a 12 month low of $178.19 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. 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 35.65% and a net margin of 21.21%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.31 earnings per share. As a group, equities analysts expect that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company 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. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.74%. NXP Semiconductors’s payout ratio is 37.94%.

Insider Buying and Selling

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

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.