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

NXP Semiconductors (NASDAQ:NXPI) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 1.014 per share by the semiconductor provider on Wednesday, January 8th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th.

NXP Semiconductors has raised its dividend payment by an average of 39.3% annually over the last three years. NXP Semiconductors has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect NXP Semiconductors to earn $10.97 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 37.0%.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $226.38 on Friday. NXP Semiconductors has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The company has a 50 day simple moving average of $233.53 and a two-hundred day simple moving average of $251.51. The company has a market capitalization of $57.54 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 4.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the firm earned $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts expect that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays decreased their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 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 price objective for the company. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Evercore ISI decreased their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.14.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

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.