NXP Semiconductors (NASDAQ:NXPI) Releases Earnings Results

NXP Semiconductors (NASDAQ:NXPI) 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

NXPI has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. The Goldman Sachs Group increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Needham & Company LLC increased their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Barclays increased their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. One 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.46.

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.