NXP Semiconductors (NASDAQ:NXPI – Get Free Report) announced its quarterly earnings data on Monday. The semiconductor provider reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38, Briefing.com reports. NXP Semiconductors had a net margin of 21.21% and a return on equity of 36.13%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm posted $3.04 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. NXP Semiconductors updated its Q3 guidance to $3.21-3.63 EPS and its Q3 2024 guidance to 3.210-3.630 EPS.
NXP Semiconductors Price Performance
NASDAQ:NXPI traded down $3.09 during mid-day trading on Wednesday, hitting $259.21. 1,348,318 shares of the company’s stock traded hands, compared to its average volume of 2,192,505. 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 firm’s 50 day simple moving average is $273.54 and its 200 day simple moving average is $249.37. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The company has a market cap of $66.27 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 2.65 and a beta of 1.49.
NXP Semiconductors Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on NXPI
Insider Buying and Selling at NXP Semiconductors
In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors 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 sale, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently 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.
Further Reading
- Five stocks we like better than NXP Semiconductors
- How to Start Investing in Real Estate
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- What is the Nikkei 225 index?
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.