NXP Semiconductors (NASDAQ:NXPI) Issues Q2 2024 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 3.000-3.410 for the period, compared to the consensus estimate of 3.110. The company issued revenue guidance of $3.0 billion-$3.2 billion, compared to the consensus revenue estimate of $3.1 billion. NXP Semiconductors also updated its Q2 guidance to $3.00-3.41 EPS.

NXP Semiconductors Price Performance

NXPI stock traded up $5.04 during trading hours on Tuesday, hitting $252.17. 2,031,231 shares of the stock traded hands, compared to its average volume of 2,353,047. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The stock has a 50-day simple moving average of $241.50 and a 200 day simple moving average of $220.29. The company has a market cap of $64.58 billion, a P/E ratio of 24.20, a P/E/G ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. Equities analysts forecast that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Analyst Ratings Changes

A number of brokerages recently weighed in on NXPI. Cantor Fitzgerald reissued an overweight rating and issued a $290.00 price target on shares of NXP Semiconductors in a research note on Tuesday. Wolfe Research upgraded shares of NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price target on the stock in a report on Thursday, January 18th. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Susquehanna boosted their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus lifted their price target on NXP Semiconductors from $190.00 to $210.00 and gave the company a hold rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $242.29.

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.