NXP Semiconductors (NASDAQ:NXPI) to Post FY2024 Earnings of $12.82 Per Share, Cantor Fitzgerald Forecasts

NXP Semiconductors (NASDAQ:NXPI) – Equities research analysts at Cantor Fitzgerald upped their FY2024 earnings per share (EPS) estimates for shares of NXP Semiconductors in a report released on Wednesday, May 15th. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor provider will post earnings of $12.82 per share for the year, up from their prior forecast of $12.46. Cantor Fitzgerald currently has a “Overweight” rating and a $325.00 target price on the stock. The consensus estimate for NXP Semiconductors’ current full-year earnings is $12.41 per share.

Several other brokerages have also issued reports on NXPI. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Susquehanna upped their price target on NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. TD Cowen increased their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Morgan Stanley boosted their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Argus increased their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.00.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $267.72 on Friday. The company has a market capitalization of $68.45 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 0.99 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a 52-week low of $163.26 and a 52-week high of $273.37. The company has a 50-day simple moving average of $245.68 and a 200 day simple moving average of $227.16.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.52%. NXP Semiconductors’s payout ratio is currently 37.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NXPI. Future Financial Wealth Managment LLC purchased a new position in NXP Semiconductors in the 1st quarter worth approximately $25,000. FinTrust Capital Advisors LLC grew its position in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. LifeSteps Financial Inc. bought a new position in NXP Semiconductors in the first quarter valued at $30,000. Operose Advisors LLC purchased a new stake in NXP Semiconductors during the third quarter valued at about $26,000. Finally, Valley National Advisers Inc. lifted its stake in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.