Brokers Offer Predictions for NXP Semiconductors’ Q3 2024 Earnings (NASDAQ:NXPI)

NXP Semiconductors (NASDAQ:NXPI) – Investment analysts at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for shares of NXP Semiconductors in a research note issued 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 estimate 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) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The firm 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%.

A number of other research firms have also recently issued reports on NXPI. Argus increased their target price on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. TD Cowen boosted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company raised their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday. 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 stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $265.40.

NXP Semiconductors Stock Up 1.6 %

NASDAQ:NXPI opened at $278.83 on Wednesday. NXP Semiconductors has a 1 year low of $163.26 and a 1 year high of $280.24. The stock has a 50-day moving average price of $246.98 and a two-hundred day moving average price of $229.60. The stock has a market cap of $71.29 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 0.99 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of NXP Semiconductors by 0.4% in the third quarter. FMR LLC now owns 25,779,812 shares of the semiconductor provider’s stock valued at $5,153,900,000 after buying an additional 91,453 shares during the period. Vanguard Group Inc. lifted 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 during the last quarter. Norges Bank bought a new position in NXP Semiconductors during the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of NXP Semiconductors by 893.2% in 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of NXP Semiconductors by 4.4% in the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after purchasing an additional 92,571 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Dividend Announcement

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

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.