NXP Semiconductors (NASDAQ:NXPI) Updates Q2 2024 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) updated its second quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 3.000-3.410 for the period, compared to the consensus EPS estimate of 3.110. The company issued revenue guidance of $3.0 billion-$3.2 billion, compared to the consensus revenue estimate of $3.1 billion. NXP Semiconductors also updated its Q2 guidance to $3.00-3.41 EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays raised NXP Semiconductors from an equal weight rating to an overweight rating and upped their target price for the company from $200.00 to $260.00 in a research note on Tuesday, January 16th. Susquehanna increased their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus raised their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a hold rating in a report on Tuesday, January 2nd. Finally, Evercore ISI began coverage on shares of NXP Semiconductors in a research report on Tuesday, April 16th. They set an outperform rating and a $300.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $242.29.

NXP Semiconductors Trading Up 2.0 %

NASDAQ NXPI traded up $5.04 during trading hours on Tuesday, reaching $252.17. The company had a trading volume of 2,031,231 shares, compared to its average volume of 2,353,047. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $64.58 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The stock has a 50-day moving average of $241.50 and a 200 day moving average of $220.29. NXP Semiconductors has a 1-year low of $161.23 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. As a group, research 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 announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.91%.

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.