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

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Shareholders of record on Wednesday, June 25th will be paid a dividend of 1.014 per share by the semiconductor provider on Wednesday, July 9th. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%.

NXP Semiconductors has a dividend payout ratio of 29.5% 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 Price Performance

Shares of NASDAQ NXPI traded down $0.01 during mid-day trading on Thursday, reaching $217.40. The company had a trading volume of 1,710,989 shares, compared to its average volume of 2,723,596. The firm has a market cap of $54.92 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 3.01 and a beta of 1.39. The business's 50-day simple moving average is $190.35 and its 200 day simple moving average is $205.56. NXP Semiconductors has a one year low of $148.09 and a one year 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.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company earned $3.24 EPS. NXP Semiconductors's revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NXPI shares. Mizuho lifted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Barclays dropped their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. TD Cowen raised their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.78.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company's stock.

Institutional Investors Weigh In On NXP Semiconductors

An institutional investor recently raised its position in NXP Semiconductors stock. NewEdge Advisors LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,021 shares of the semiconductor provider's stock after buying an additional 234 shares during the period. NewEdge Advisors LLC's holdings in NXP Semiconductors were worth $1,334,000 as of its most recent SEC filing. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Company Profile

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.