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

NXP Semiconductors (NASDAQ:NXPI) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Wednesday, March 19th will be given a dividend of 1.014 per share by the semiconductor provider on Wednesday, April 9th. This represents a $4.06 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, March 19th.

NXP Semiconductors has increased its dividend by an average of 21.7% per year over the last three years. NXP Semiconductors has a dividend payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NXPI stock opened at $222.56 on Friday. NXP Semiconductors has a 12 month low of $198.21 and a 12 month 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 market capitalization of $56.45 billion, a P/E ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 1.47. The company’s fifty day moving average price is $216.19 and its two-hundred day moving average price is $226.09.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent analyst reports. Mizuho boosted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. Finally, Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NXP Semiconductors stock. Brighton Jones LLC lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 20.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,276 shares of the semiconductor provider’s stock after acquiring an additional 218 shares during the period. Brighton Jones LLC’s holdings in NXP Semiconductors were worth $265,000 as of its most recent filing with the Securities and Exchange Commission. 90.54% of the stock is owned by institutional investors.

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.