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
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
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.
- Get a free copy of the StockNews.com research report on NXP Semiconductors (NXPI)
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