NXP Semiconductors (NASDAQ:NXPI) Announces $1.01 Quarterly Dividend

NXP Semiconductors (NASDAQ:NXPI) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Thursday, December 5th will be paid a dividend of 1.014 per share by the semiconductor provider on Wednesday, January 8th. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, December 5th.

NXP Semiconductors has raised its dividend payment by an average of 39.3% annually over the last three years. NXP Semiconductors has a payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NXP Semiconductors to earn $10.97 per share next year, which means the company should continue to be able to cover its $4.06 annual dividend with an expected future payout ratio of 37.0%.

NXP Semiconductors Stock Up 0.8 %

NXP Semiconductors stock traded up $1.81 during midday trading on Friday, reaching $226.38. The company’s stock had a trading volume of 1,502,242 shares, compared to its average volume of 2,297,076. The stock’s 50-day simple moving average is $233.60 and its 200-day simple moving average is $251.75. 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 stock has a market capitalization of $57.54 billion, a P/E ratio of 21.41, a PEG ratio of 4.42 and a beta of 1.49. NXP Semiconductors has a 52-week low of $198.00 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.31 earnings per share. On average, sell-side analysts expect that NXP Semiconductors will post 11.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NXPI shares. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research report on Friday. They set an “overweight” rating and a $250.00 price objective on the stock. Susquehanna reduced 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. Morgan Stanley reduced their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Citic Securities started coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.14.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% 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.