NXP Semiconductors (NASDAQ:NXPI) Releases Q3 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.21-3.63 for the period, compared to the consensus estimate of $3.61. The company issued revenue guidance of $3.15-3.35 billion, compared to the consensus revenue estimate of $3.36 billion.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NXPI. Oppenheimer lifted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an outperform rating in a research note on Friday, July 12th. Citigroup lifted 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. UBS Group lifted their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC lifted their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the company a buy rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of Moderate Buy and a consensus target price of $282.54.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded up $14.52 during midday trading on Monday, hitting $283.81. The company had a trading volume of 3,583,016 shares, compared to its average volume of 2,163,441. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The company has a market cap of $72.57 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 2.52 and a beta of 1.49. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a fifty day moving average of $273.25 and a two-hundred day moving average of $248.43.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, equities research analysts expect that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.43%. NXP Semiconductors’s payout ratio is presently 37.40%.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

About NXP Semiconductors

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.