NXP Semiconductors (NASDAQ:NXPI) to Post Q3 2024 Earnings of $3.16 Per Share, Zacks Research Forecasts

NXP Semiconductors (NASDAQ:NXPI) – Equities researchers at Zacks Research upped their Q3 2024 earnings estimates for NXP Semiconductors in a note issued to investors on Monday, May 20th. Zacks Research analyst R. Department now anticipates that the semiconductor provider will post earnings of $3.16 per share for the quarter, up from their previous forecast of $3.10. The consensus estimate for NXP Semiconductors’ current full-year earnings is $12.46 per share. Zacks Research also issued estimates for NXP Semiconductors’ Q4 2024 earnings at $3.46 EPS, FY2024 earnings at $12.32 EPS, Q1 2025 earnings at $3.01 EPS, Q2 2025 earnings at $3.13 EPS, Q3 2025 earnings at $3.60 EPS, Q4 2025 earnings at $4.25 EPS, FY2025 earnings at $13.99 EPS, Q1 2026 earnings at $3.15 EPS and FY2026 earnings at $15.06 EPS.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%.

Several other brokerages have also recently weighed in on NXPI. The Goldman Sachs Group upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Cantor Fitzgerald raised their price target on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Oppenheimer increased their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Susquehanna boosted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $265.40.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $272.72 on Wednesday. NXP Semiconductors has a 52-week low of $163.26 and a 52-week high of $280.24. The business’s fifty day moving average is $247.56 and its 200 day moving average is $229.90. 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 has a market cap of $69.73 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.57 and a beta of 1.54.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Beacon Capital Management LLC increased its position in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the period. Lincoln National Corp raised its position in NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares during the last quarter. Peterson Wealth Services lifted its holdings in NXP Semiconductors by 3.1% in the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock worth $377,000 after buying an additional 46 shares during the period. RFG Advisory LLC grew its position in shares of NXP Semiconductors by 1.6% in the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after buying an additional 47 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its stake in shares of NXP Semiconductors by 4.5% during the first quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock valued at $274,000 after buying an additional 47 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

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.