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

NXP Semiconductors (NASDAQ:NXPI) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders 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 yield of 1.82%. The ex-dividend date is Wednesday, March 19th.

NXP Semiconductors has raised its dividend by an average of 21.7% annually over the last three years. NXP Semiconductors has a payout ratio of 28.6% meaning 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 traded up $8.09 during trading hours on Friday, hitting $222.56. The stock had a trading volume of 4,243,314 shares, compared to its average volume of 2,308,465. The stock’s 50 day moving average is $216.01 and its 200 day moving average is $226.53. The firm has a market capitalization of $56.45 billion, a PE ratio of 22.87, a PEG ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a twelve month low of $198.21 and a twelve 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NXPI shares. JPMorgan Chase & Co. decreased their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Loop Capital assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Barclays lowered their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $267.00.

Institutional Trading of NXP Semiconductors

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

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.