FY2024 EPS Estimates for NXPI Decreased by Cantor Fitzgerald

NXP Semiconductors (NASDAQ:NXPI - Free Report) - Equities researchers at Cantor Fitzgerald decreased their FY2024 EPS estimates for shares of NXP Semiconductors in a research report issued to clients and investors on Wednesday, November 6th. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor provider will earn $11.30 per share for the year, down from their prior estimate of $12.02. Cantor Fitzgerald has a "Overweight" rating and a $270.00 price objective on the stock. The consensus estimate for NXP Semiconductors' current full-year earnings is $11.43 per share.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter in the prior year, the business posted $3.31 earnings per share. NXP Semiconductors's revenue was down 5.4% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Evercore ISI reduced their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. UBS Group dropped their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Susquehanna dropped their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Finally, Oppenheimer cut their target price on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. One equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $276.76.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $6.85 during trading on Monday, hitting $227.04. 2,714,478 shares of the stock were exchanged, compared to its average volume of 2,299,639. The company has a fifty day moving average price of $235.72 and a two-hundred day moving average price of $253.50. The company has a current ratio of 2.35, a quick ratio of 1.52 and a debt-to-equity ratio of 0.99. The company has a market cap of $57.70 billion, a PE ratio of 21.66, a P/E/G ratio of 4.30 and a beta of 1.49. NXP Semiconductors has a 12-month low of $181.96 and a 12-month high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.79%. NXP Semiconductors's dividend payout ratio is 38.74%.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider's stock valued at $3,201,543,000 after buying an additional 1,909,898 shares during the period. Van ECK Associates Corp lifted its stake in NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. International Assets Investment Management LLC lifted its stake in NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock worth $123,447,000 after purchasing an additional 512,253 shares during the period. Ceredex Value Advisors LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at $84,901,000. Finally, Bessemer Group Inc. grew its position in NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock valued at $88,399,000 after acquiring an additional 349,061 shares during the period. Institutional investors 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.