NXP Semiconductors (NASDAQ:NXPI – Get Free Report) announced its earnings results on Monday. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38, Briefing.com reports. NXP Semiconductors had a net margin of 21.21% and a return on equity of 36.13%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned $3.04 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. NXP Semiconductors updated its Q3 guidance to $3.21-3.63 EPS and its Q3 2024 guidance to 3.210-3.630 EPS.
NXP Semiconductors Price Performance
NXPI opened at $250.00 on Thursday. The stock’s 50-day moving average price is $273.19 and its 200 day moving average price is $249.40. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The firm has a market cap of $63.92 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.45 and a beta of 1.49. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11.
NXP Semiconductors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.62%. NXP Semiconductors’s payout ratio is presently 37.49%.
Insider Activity at NXP Semiconductors
Wall Street Analyst Weigh In
NXPI has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup boosted their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. UBS Group raised their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Argus upped their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays raised their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.46.
Get Our Latest Analysis on NXP Semiconductors
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.
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