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

NXP Semiconductors (NASDAQ:NXPI) – Zacks Research lowered their FY2024 earnings 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 post earnings per share of $11.57 for the year, down from their previous estimate of $12.02. The consensus estimate for NXP Semiconductors’ current full-year earnings is $11.33 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.

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

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus cut their target price 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 price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Susquehanna decreased their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group cut their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Oppenheimer reduced their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $229.37 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The firm has a market cap of $58.30 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 4.57 and a beta of 1.49. The stock’s 50-day moving average is $233.14 and its 200-day moving average is $250.40. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.77%. NXP Semiconductors’s dividend payout ratio is currently 38.65%.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in NXP Semiconductors by 13.5% in the 1st quarter. Tidal Investments LLC now owns 17,569 shares of the semiconductor provider’s stock valued at $4,351,000 after purchasing an additional 2,090 shares during the period. Beacon Capital Management LLC boosted its stake in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the period. Swedbank AB acquired a new stake in NXP Semiconductors during the first quarter worth approximately $46,623,000. Cetera Investment Advisers increased its stake in NXP Semiconductors by 155.5% during the 1st quarter. Cetera Investment Advisers now owns 68,747 shares of the semiconductor provider’s stock worth $17,034,000 after acquiring an additional 41,845 shares during the period. Finally, Cetera Advisors LLC raised its holdings in NXP Semiconductors by 152.7% in the 1st quarter. Cetera Advisors LLC now owns 10,200 shares of the semiconductor provider’s stock valued at $2,527,000 after acquiring an additional 6,163 shares in the last quarter. 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.