NXP Semiconductors (NXPI) To Go Ex-Dividend on December 5th

NXP Semiconductors (NASDAQ:NXPI) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Thursday, December 5th will be given a dividend of 1.014 per share by the semiconductor provider on Wednesday, January 8th. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th.

NXP Semiconductors has raised its dividend by an average of 39.3% per year over the last three years. NXP Semiconductors has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect NXP Semiconductors to earn $10.97 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 37.0%.

NXP Semiconductors Stock Up 0.8 %

NXPI stock opened at $226.38 on Friday. The firm has a 50 day moving average of $233.53 and a 200 day moving average of $251.46. The stock has a market capitalization of $57.54 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 4.51 and a beta of 1.49. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the firm posted $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NXPI. Susquehanna reduced their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a report on Friday. They set an “overweight” rating and a $250.00 target price for the company. Finally, UBS Group cut their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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.