NXP Semiconductors (NASDAQ:NXPI) Declares Quarterly Dividend of $1.01

NXP Semiconductors (NASDAQ:NXPI) declared a quarterly dividend on Thursday, August 29th, Zacks reports. Investors of record on Thursday, September 12th will be given a dividend of 1.014 per share by the semiconductor provider on Wednesday, October 9th. This represents a $4.06 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 12th.

NXP Semiconductors has raised its dividend by an average of 39.3% annually over the last three years. NXP Semiconductors has a dividend payout ratio of 26.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NXP Semiconductors to earn $13.50 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 30.1%.

NXP Semiconductors Stock Up 3.0 %

NXPI opened at $256.36 on Friday. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The business has a 50-day moving average of $259.97 and a two-hundred day moving average of $254.88. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock has a market capitalization of $65.55 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.04 earnings per share. On average, research analysts expect that NXP Semiconductors will post 12 earnings per share for the current year.

Insider Activity at NXP Semiconductors

In related news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Southern bought 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. TD Cowen cut their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They set a “buy” rating and a $325.00 target price on the stock. Needham & Company LLC raised their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Truist Financial decreased their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company raised their target price on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

About NXP Semiconductors

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.