NXP Semiconductors (NASDAQ:NXPI – Get Rating) – Equities researchers at Jefferies Financial Group issued their Q1 2023 EPS estimates for NXP Semiconductors in a research report issued on Thursday, October 13th. Jefferies Financial Group analyst M. Lipacis expects that the semiconductor provider will post earnings of $2.41 per share for the quarter. The consensus estimate for NXP Semiconductors’ current full-year earnings is $12.72 per share. Jefferies Financial Group also issued estimates for NXP Semiconductors’ Q2 2023 earnings at $2.24 EPS, FY2023 earnings at $9.50 EPS and FY2024 earnings at $10.97 EPS.
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Several other brokerages also recently commented on NXPI. KGI Securities downgraded shares of NXP Semiconductors from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of NXP Semiconductors from $195.00 to $175.00 in a research note on Tuesday. Mizuho reduced their price target on shares of NXP Semiconductors from $205.00 to $200.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Morgan Stanley upped their price target on shares of NXP Semiconductors from $180.00 to $183.00 and gave the company an “equal weight” rating in a report on Wednesday, July 27th. Finally, Needham & Company LLC upped their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $197.17.
NXP Semiconductors Stock Down 0.2 %
Shares of NASDAQ:NXPI opened at $140.95 on Monday. NXP Semiconductors has a 52 week low of $132.08 and a 52 week high of $239.91. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.65 and a current ratio of 2.15. The company has a market capitalization of $37.01 billion, a PE ratio of 15.39, a PEG ratio of 0.49 and a beta of 1.48. The company has a 50 day moving average price of $162.17 and a two-hundred day moving average price of $168.48.
NXP Semiconductors (NASDAQ:NXPI – Get Rating) last issued its earnings results on Monday, July 25th. The semiconductor provider reported $4.40 EPS for the quarter, beating the consensus estimate of $3.05 by $1.35. NXP Semiconductors had a net margin of 19.83% and a return on equity of 49.45%. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The business’s quarterly revenue was up 27.3% on a year-over-year basis.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Core Alternative Capital lifted its stake in NXP Semiconductors by 2,183.3% in the first quarter. Core Alternative Capital now owns 137 shares of the semiconductor provider’s stock valued at $25,000 after acquiring an additional 131 shares during the last quarter. Riverview Trust Co acquired a new stake in NXP Semiconductors in the first quarter valued at $26,000. Toth Financial Advisory Corp lifted its stake in NXP Semiconductors by 265.1% in the first quarter. Toth Financial Advisory Corp now owns 157 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 114 shares during the last quarter. Steward Financial Group LLC acquired a new stake in NXP Semiconductors in the first quarter valued at $30,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in NXP Semiconductors in the first quarter valued at $31,000. Institutional investors and hedge funds own 88.25% of the company’s stock.
NXP Semiconductors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 15th were issued a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, September 14th. NXP Semiconductors’s payout ratio is 36.90%.
About NXP Semiconductors
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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.
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