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

NXP Semiconductors N.V. (NASDAQ:NXPI) declared a quarterly dividend on Thursday, June 11th. Shareholders 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 yield of 1.3%. The ex-dividend date is Wednesday, June 24th.

NXP Semiconductors has raised its dividend payment by an average of 0.2%annually over the last three years. NXP Semiconductors has a payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ NXPI opened at $302.55 on Friday. The stock has a market capitalization of $76.39 billion, a PE ratio of 28.95, a P/E/G ratio of 1.03 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The business has a fifty day moving average price of $268.49 and a two-hundred day moving average price of $237.77. NXP Semiconductors has a fifty-two week low of $183.00 and a fifty-two week 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 for the quarter, beating the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.64 EPS. As a group, equities analysts predict that NXP Semiconductors will post 13.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NXPI shares. Cantor Fitzgerald lifted their price objective on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays lifted their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Morgan Stanley lifted their price target on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average 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.