NXP Semiconductors (NXPI) to Issue Quarterly Dividend of $1.01 on April 9th

NXP Semiconductors (NASDAQ:NXPI) declared a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 1.014 per share by the semiconductor provider on Wednesday, April 9th. This represents a $4.06 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, March 19th.

NXP Semiconductors has increased its dividend payment by an average of 21.7% per year over the last three years. NXP Semiconductors has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NXP Semiconductors to earn $12.53 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 32.4%.

NXP Semiconductors Trading Up 2.6 %

Shares of NXPI opened at $206.16 on Monday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $215.95 and a 200-day simple moving average of $224.33. The stock has a market cap of $52.29 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

Analyst Ratings Changes

Several research analysts recently weighed in on NXPI shares. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial increased their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Needham & Company LLC lowered their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Finally, Barclays dropped their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Institutional Trading of NXP Semiconductors

An institutional investor recently raised its position in NXP Semiconductors stock. Brighton Jones LLC raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 20.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,276 shares of the semiconductor provider’s stock after acquiring an additional 218 shares during the quarter. Brighton Jones LLC’s holdings in NXP Semiconductors were worth $265,000 at the end of the most recent quarter. 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.