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

NXP Semiconductors N.V. (NASDAQ:NXPI) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Wednesday, June 24th will be given 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%per year over the last three years. NXP Semiconductors has a 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 Price Performance

NXPI traded up $16.99 during midday trading on Thursday, hitting $302.55. 5,123,824 shares of the company traded hands, compared to its average volume of 3,338,869. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $76.38 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.07 and a beta of 1.77. NXP Semiconductors has a 52-week low of $183.00 and a 52-week high of $339.95. The business has a 50 day simple moving average of $266.37 and a two-hundred day simple moving average of $236.99.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on NXPI shares. Cantor Fitzgerald lifted their price objective on shares of NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Susquehanna lifted their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. BNP Paribas Exane lifted their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Truist Financial lifted their price objective on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently 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.