Q3 2024 Earnings Estimate for NXP Semiconductors Issued By Zacks Research (NASDAQ:NXPI)

NXP Semiconductors (NASDAQ:NXPI) – Research analysts at Zacks Research increased their Q3 2024 earnings per share estimates for shares of NXP Semiconductors in a note issued to investors on Monday, May 20th. Zacks Research analyst R. Department now expects that the semiconductor provider will earn $3.16 per share for the quarter, up from their previous estimate of $3.10. The consensus estimate for NXP Semiconductors’ current full-year earnings is $12.46 per share. Zacks Research also issued estimates for NXP Semiconductors’ Q4 2024 earnings at $3.46 EPS, FY2024 earnings at $12.32 EPS, Q1 2025 earnings at $3.01 EPS, Q2 2025 earnings at $3.13 EPS, Q3 2025 earnings at $3.60 EPS, Q4 2025 earnings at $4.25 EPS, FY2025 earnings at $13.99 EPS, Q1 2026 earnings at $3.15 EPS and FY2026 earnings at $15.06 EPS.

Other equities analysts also recently issued research reports about the stock. TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Evercore ISI upped their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Morgan Stanley increased their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Susquehanna lifted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $265.40.

NXP Semiconductors Price Performance

Shares of NXPI opened at $272.72 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The company has a 50 day moving average price of $247.56 and a 200-day moving average price of $229.90. NXP Semiconductors has a fifty-two week low of $163.26 and a fifty-two week high of $280.24. The stock has a market capitalization of $69.73 billion, a PE ratio of 25.18, a PEG ratio of 2.57 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.49%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC increased its stake in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after acquiring an additional 40 shares during the period. Lincoln National Corp boosted its holdings in NXP Semiconductors by 1.9% in the fourth quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares during the last quarter. Peterson Wealth Services grew its position in NXP Semiconductors by 3.1% during the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock worth $377,000 after purchasing an additional 46 shares during the period. RFG Advisory LLC raised its stake in shares of NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after buying an additional 47 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of NXP Semiconductors by 4.5% in the 1st quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock valued at $274,000 after buying an additional 47 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.