NXP Semiconductors NV (NASDAQ:NXPI) Declares $0.38 Quarterly Dividend

NXP Semiconductors NV (NASDAQ:NXPI) announced a quarterly dividend on Tuesday, November 19th, Zacks reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.375 per share by the semiconductor provider on Monday, January 6th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, December 13th.

Shares of NXPI traded up $2.68 during midday trading on Wednesday, reaching $121.78. The stock had a trading volume of 235,571 shares, compared to its average volume of 3,548,273. NXP Semiconductors has a 1-year low of $67.62 and a 1-year high of $120.84. The company’s fifty day simple moving average is $115.24 and its two-hundred day simple moving average is $104.36. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.48 and a beta of 1.22. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, October 28th. The semiconductor provider reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.57. NXP Semiconductors had a net margin of 4.51% and a return on equity of 23.37%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.24 billion. On average, sell-side analysts forecast that NXP Semiconductors will post 6.4 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. BidaskClub raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 29th. TheStreet downgraded shares of NXP Semiconductors from a “b” rating to a “c+” rating in a research report on Tuesday, October 29th. Finally, Cowen increased their target price on shares of NXP Semiconductors from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. NXP Semiconductors currently has an average rating of “Buy” and an average price target of $121.60.

In other NXP Semiconductors news, EVP Stephen Owen sold 1,639 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $118.00, for a total transaction of $193,402.00. Following the transaction, the executive vice president now directly owns 7,096 shares of the company’s stock, valued at approximately $837,328. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Keith M. Shull sold 21,085 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $119.35, for a total transaction of $2,516,494.75. Following the transaction, the executive vice president now directly owns 15,092 shares in the company, valued at $1,801,230.20. The disclosure for this sale can be found here. Insiders sold a total of 27,122 shares of company stock worth $3,233,259 over the last ninety days.

NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Dividend History for NXP Semiconductors (NASDAQ:NXPI)

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