NXP Semiconductors Forecasted to Post Q3 2024 Earnings of $3.16 Per Share (NASDAQ:NXPI)

NXP Semiconductors (NASDAQ:NXPI - Free Report) - Investment analysts at Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of NXP Semiconductors in a report issued on Monday, May 20th. Zacks Research analyst R. Department now expects that the semiconductor provider will earn $3.16 per share for the quarter, up from their prior forecast of $3.10. The consensus estimate for NXP Semiconductors' current full-year earnings is $12.44 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 - Get Free Report) last released its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%.

NXPI has been the subject of a number of other reports. Jefferies Financial Group initiated coverage on NXP Semiconductors in a research note on Monday, May 13th. They set a "buy" rating and a $325.00 price target for the company. Cantor Fitzgerald raised their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an "overweight" rating in a research report on Wednesday, May 15th. The Goldman Sachs Group lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. TD Cowen raised their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, March 12th. Finally, Oppenheimer upped their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

NXP Semiconductors Stock Up 1.6 %

Shares of NASDAQ:NXPI traded up $4.41 during midday trading on Wednesday, hitting $278.83. 2,178,682 shares of the stock were exchanged, compared to its average volume of 2,298,409. The company has a market capitalization of $71.29 billion, a PE ratio of 25.75, a P/E/G ratio of 0.99 and a beta of 1.54. NXP Semiconductors has a 52-week low of $163.26 and a 52-week high of $280.24. 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 business's fifty day simple moving average is $246.98 and its two-hundred day simple moving average is $229.60.

Hedge Funds Weigh In On NXP Semiconductors

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in NXP Semiconductors during the fourth quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the period. Vanguard Group Inc. boosted its holdings in NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider's stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $164,044,000. Finally, Kodai Capital Management LP acquired a new stake in NXP Semiconductors in the 4th quarter valued at $125,319,000. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.45%. NXP Semiconductors's payout ratio is 37.49%.

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.