What is Zacks Research’s Estimate for NXPI FY2024 Earnings?

NXP Semiconductors (NASDAQ:NXPI) – Analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of NXP Semiconductors in a note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the semiconductor provider will earn $11.57 per share for the year, down from their previous estimate of $12.02. The consensus estimate for NXP Semiconductors’ current full-year earnings is $11.37 per share. Zacks Research also issued estimates for NXP Semiconductors’ Q4 2024 earnings at $2.79 EPS, Q1 2025 earnings at $2.35 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $3.02 EPS, Q4 2025 earnings at $3.29 EPS, FY2025 earnings at $11.17 EPS, Q1 2026 earnings at $2.72 EPS, Q2 2026 earnings at $3.28 EPS, Q3 2026 earnings at $3.47 EPS and FY2026 earnings at $12.87 EPS.

Several other brokerages have also recently weighed in on NXPI. Susquehanna lowered their target price on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. Finally, Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Stock Down 0.9 %

Shares of NASDAQ NXPI opened at $226.53 on Thursday. The stock has a market cap of $57.57 billion, a PE ratio of 21.62, a P/E/G ratio of 4.70 and a beta of 1.49. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12-month low of $198.36 and a 12-month high of $296.08. The company has a 50-day moving average of $233.43 and a 200 day moving average of $250.81.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.31 earnings per share.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NXPI. GDS Wealth Management lifted its holdings in NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares in the last quarter. Banque Cantonale Vaudoise increased its position in shares of NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after acquiring an additional 9,710 shares during the period. Mather Group LLC. raised its stake in shares of NXP Semiconductors by 23.3% in the second quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider’s stock valued at $140,000 after acquiring an additional 107 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of NXP Semiconductors by 21.1% in the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock valued at $41,519,000 after acquiring an additional 26,851 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in NXP Semiconductors by 1.9% in the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.