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

NXP Semiconductors (NASDAQ:NXPI) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend 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 dividend payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 3.8 %

NXPI opened at $222.56 on Friday. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a market capitalization of $56.45 billion, a P/E ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 1.47. The stock has a fifty day moving average of $216.19 and a 200-day moving average of $226.28.

Institutional Trading of NXP Semiconductors

A hedge fund recently raised its stake in NXP Semiconductors stock. Brighton Jones LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NXPI shares. Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

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.