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

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) announced a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 1.014 per share by the semiconductor provider on Wednesday, April 9th. This represents a $4.06 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, March 19th.

NXP Semiconductors has increased its dividend payment by an average of 21.7% annually over the last three years. NXP Semiconductors has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. 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 Down 3.5 %

Shares of NXPI stock traded down $7.22 on Tuesday, hitting $201.62. The stock had a trading volume of 1,028,488 shares, compared to its average volume of 2,304,053. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The business has a 50 day moving average price of $216.21 and a 200 day moving average price of $225.63. The company has a market cap of $51.14 billion, a PE ratio of 20.69, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NXPI. Susquehanna dropped their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Loop Capital began coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a "buy" rating and a $300.00 price target on the stock. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial lifted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

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Hedge Funds Weigh In On NXP Semiconductors

A hedge fund recently raised its stake in NXP Semiconductors stock. Brighton Jones LLC lifted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 20.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,276 shares of the semiconductor provider's stock after acquiring an additional 218 shares during the quarter. Brighton Jones LLC's holdings in NXP Semiconductors were worth $265,000 as of its most recent SEC filing. Institutional investors and hedge funds own 90.54% of the company's stock.

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.