NXP Semiconductors N.V. (NASDAQ:NXPI) Declares $1.01 Quarterly Dividend

NXP Semiconductors N.V. (NASDAQ:NXPIGet Free Report) announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Wednesday, June 24th will be paid a dividend of 1.014 per share by the semiconductor provider on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 24th.

NXP Semiconductors has increased its dividend payment by an average of 0.2%annually over the last three years. NXP Semiconductors has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NXP Semiconductors to earn $15.88 per share next year, which means the company should continue to be able to cover its $4.05 annual dividend with an expected future payout ratio of 25.5%.

NXP Semiconductors Price Performance

Shares of NXPI traded up $16.99 during mid-day trading on Thursday, reaching $302.55. 5,123,824 shares of the stock traded hands, compared to its average volume of 3,338,869. The firm has a fifty day moving average price of $266.37 and a 200 day moving average price of $236.99. The company has a market cap of $76.38 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.64 earnings per share. As a group, equities research analysts predict that NXP Semiconductors will post 13.38 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on NXPI. Mizuho raised their price target on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. Susquehanna raised their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. KeyCorp raised their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $295.92.

Read Our Latest Stock Analysis on NXP Semiconductors

NXP Semiconductors Company Profile

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NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

Further Reading

Dividend History for NXP Semiconductors (NASDAQ:NXPI)

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