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

NXP Semiconductors (NASDAQ:NXPI – Get Rating) declared a quarterly dividend on Thursday, May 25th, Zacks reports. Shareholders of record on Wednesday, June 14th will be given a dividend of 1.014 per share by the semiconductor provider on Thursday, July 6th. This represents a $4.06 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Tuesday, June 13th.

NXP Semiconductors has increased its dividend by an average of 39.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. NXP Semiconductors has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect NXP Semiconductors to earn $12.71 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 31.9%.

NXP Semiconductors Stock Up 2.9 %

NXPI stock opened at $171.34 on Friday. The firm has a 50-day moving average price of $171.86 and a 200-day moving average price of $172.44. NXP Semiconductors has a 12 month low of $132.08 and a 12 month high of $198.28. The company has a current ratio of 1.75, a quick ratio of 1.28 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $44.46 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.65 and a beta of 1.51.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 15,000 shares of NXP Semiconductors stock in a transaction on Friday, May 5th. The stock was sold at an average price of $166.52, for a total transaction of $2,497,800.00. Following the sale, the executive vice president now directly owns 30,569 shares in the company, valued at approximately $5,090,349.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Large investors have recently modified their holdings of the stock. Live Oak Investment Partners purchased a new stake in NXP Semiconductors in the fourth quarter worth $26,000. Fortis Capital Advisors LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth about $27,000. State of Wyoming raised its stake in NXP Semiconductors by 17.4% in the 4th quarter. State of Wyoming now owns 446 shares of the semiconductor provider’s stock valued at $70,000 after acquiring an additional 66 shares during the period. Compass Wealth Management LLC purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $77,000. Finally, First Manhattan Co. boosted its position in NXP Semiconductors by 40.2% during the first quarter. First Manhattan Co. now owns 488 shares of the semiconductor provider’s stock worth $90,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NXPI shares. StockNews.com began coverage on NXP Semiconductors in a report on Thursday, May 18th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NXP Semiconductors from $185.00 to $200.00 in a report on Wednesday, February 1st. Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, February 1st. Morgan Stanley raised their price target on shares of NXP Semiconductors from $174.00 to $177.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 1st. Finally, Mizuho boosted their price objective on shares of NXP Semiconductors from $180.00 to $183.00 in a research note on Wednesday, May 3rd. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.09.

About NXP Semiconductors

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.