NXP Semiconductors (NASDAQ:NXPI) Releases Q2 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.00-3.41 for the period, compared to the consensus 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.

NXP Semiconductors Stock Up 1.8 %

Shares of NASDAQ NXPI traded up $4.43 during trading hours on Monday, hitting $247.13. The company had a trading volume of 2,954,715 shares, compared to its average volume of 2,357,178. The stock has a market capitalization of $63.29 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 1-year low of $161.23 and a 1-year high of $264.26. The firm’s 50 day moving average is $241.20 and its 200-day moving average is $219.97.

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

NXP Semiconductors Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NXPI shares. Morgan Stanley increased their price target on NXP Semiconductors from $221.00 to $224.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Oppenheimer increased their price target on NXP Semiconductors from $220.00 to $250.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Susquehanna increased their price target on NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. Cantor Fitzgerald increased their price target on NXP Semiconductors from $270.00 to $290.00 and gave the company an overweight rating in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $220.00 to $240.00 and gave the stock a neutral rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $242.29.

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.