NXP Semiconductors (NASDAQ:NXPI) Updates Q4 2024 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.930-3.330 for the period, compared to the consensus earnings per share estimate of 3.640. The company issued revenue guidance of $3.0 billion-$3.2 billion, compared to the consensus revenue estimate of $3.4 billion. NXP Semiconductors also updated its Q4 guidance to $2.93-3.33 EPS.

NXP Semiconductors Price Performance

NXPI stock traded down $1.69 on Monday, hitting $236.90. 2,640,987 shares of the company’s stock traded hands, compared to its average volume of 2,268,387. The stock has a market cap of $60.35 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 2.54 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $237.30 and a 200-day moving average of $253.27. NXP Semiconductors has a 1-year low of $178.19 and a 1-year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is presently 37.85%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial lowered their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research report on Monday. TD Cowen dropped their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. The Goldman Sachs Group lowered their price target on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Morgan Stanley cut their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $288.90.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

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.