NXP Semiconductors (NASDAQ:NXPI) Issues 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NXPI shares. 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 price target for the company. Oppenheimer raised their target price on NXP Semiconductors from $220.00 to $250.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Mizuho upped their price target on NXP Semiconductors from $220.00 to $225.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. Wolfe Research upgraded NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 price objective on the stock in a research report on Thursday, January 18th. Finally, Susquehanna upped their target price on NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of Moderate Buy and a consensus price target of $242.29.

NXP Semiconductors Stock Performance

NXPI opened at $247.13 on Tuesday. The company’s 50 day moving average is $241.50 and its 200 day moving average is $220.29. 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 company has a market cap of $63.29 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 0.92 and a beta of 1.59. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26.

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

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

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.