NXP Semiconductors (NXPI) to Release Earnings on Monday

Defense World · Oct 24, 2022 03:22

NXP Semiconductors (NASDAQ:NXPI – Get Rating) will be issuing its quarterly earnings data after the market closes on Monday, October 31st. Analysts expect the company to announce earnings of $3.32 per share for the quarter.

NXP Semiconductors (NASDAQ:NXPI – Get Rating) last released its earnings results on Monday, July 25th. The semiconductor provider reported $4.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.05 by $1.35. NXP Semiconductors had a net margin of 19.83% and a return on equity of 49.45%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the prior year, the company posted $2.05 EPS. The company's revenue was up 27.3% compared to the same quarter last year. On average, analysts expect NXP Semiconductors to post $13 EPS for the current fiscal year and $12 EPS for the next fiscal year.

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NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $143.06 on Monday. The company has a current ratio of 2.15, a quick ratio of 1.65 and a debt-to-equity ratio of 1.54. NXP Semiconductors has a 1 year low of $132.08 and a 1 year high of $239.91. The company has a market cap of $37.57 billion, a PE ratio of 15.86, a PEG ratio of 0.50 and a beta of 1.47. The company's 50-day moving average is $159.72 and its two-hundred day moving average is $167.73.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, September 15th were paid a $0.845 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.36%. NXP Semiconductors's dividend payout ratio (DPR) is presently 36.90%.

Institutional Investors Weigh In On NXP Semiconductors

Large investors have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC boosted its holdings in shares of NXP Semiconductors by 55.8% in the 1st quarter. Beacon Pointe Advisors LLC now owns 3,759 shares of the semiconductor provider's stock valued at $696,000 after buying an additional 1,346 shares during the last quarter. Kinneret Advisory LLC lifted its holdings in NXP Semiconductors by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 3,640 shares of the semiconductor provider's stock valued at $677,000 after purchasing an additional 82 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in NXP Semiconductors by 6.7% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,483 shares of the semiconductor provider's stock valued at $645,000 after purchasing an additional 218 shares during the last quarter. SVB Wealth LLC lifted its holdings in NXP Semiconductors by 30.4% during the 1st quarter. SVB Wealth LLC now owns 2,555 shares of the semiconductor provider's stock valued at $473,000 after purchasing an additional 596 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in NXP Semiconductors by 21.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider's stock valued at $445,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NXPI shares. Bank of America lowered their price target on NXP Semiconductors from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, June 29th. Mizuho lowered their target price on NXP Semiconductors from $205.00 to $200.00 and set a "neutral" rating for the company in a research note on Wednesday, July 27th. Cowen increased their target price on NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. KGI Securities cut NXP Semiconductors from an "outperform" rating to a "neutral" rating in a research note on Tuesday, October 18th. Finally, StockNews.com initiated coverage on NXP Semiconductors in a research note on Wednesday, October 12th. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $197.17.

NXP Semiconductors Company Profile

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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.