NXP Semiconductors (NASDAQ:NXPI) Issues Q2 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $3.00-3.41 for the period, compared to the consensus EPS estimate of $3.14. The company issued revenue guidance of $3.025-3.225 billion, compared to the consensus revenue estimate of $3.12 billion. NXP Semiconductors also updated its Q2 2024 guidance to 3.000-3.410 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Truist Financial raised their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Morgan Stanley raised their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Barclays upgraded shares of NXP Semiconductors from an equal weight rating to an overweight rating and raised their target price for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a neutral rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $242.29.

NXP Semiconductors Stock Up 1.8 %

NXPI traded up $4.43 during midday trading on Monday, hitting $247.13. 2,954,715 shares of the company’s stock traded hands, compared to its average volume of 2,357,178. The company has a market cap of $63.29 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The stock’s fifty day simple moving average is $241.20 and its 200-day simple moving average is $219.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is 37.91%.

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.