NXP Semiconductors N.V. (NXPI) to Issue Quarterly Dividend of $1.01 on July 9th

NXP Semiconductors N.V. (NASDAQ:NXPI) declared a quarterly dividend on Thursday, June 11th. Investors of record on Wednesday, June 24th will be paid a dividend of 1.014 per share by the semiconductor provider on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th.

NXP Semiconductors has raised its dividend by an average of 0.2%per year over the last three years. NXP Semiconductors has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect NXP Semiconductors to earn $15.88 per share next year, which means the company should continue to be able to cover its $4.05 annual dividend with an expected future payout ratio of 25.5%.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $304.86 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The company has a market capitalization of $76.97 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.09 and a beta of 1.77. The company’s 50 day simple moving average is $270.67 and its 200 day simple moving average is $238.24. NXP Semiconductors has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.64 earnings per share. On average, sell-side analysts predict that NXP Semiconductors will post 13.38 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on NXPI shares. Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wolfe Research upped their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. BNP Paribas Exane upped their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Truist Financial upped their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, TD Cowen upped their price target on shares of NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.