NXP Semiconductors NV Declares Quarterly Dividend of $0.25 (NXPI)

NXP Semiconductors NV (NASDAQ:NXPI) announced a quarterly dividend on Thursday, November 29th, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.25 per share by the semiconductor provider on Monday, January 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, December 13th.

NXP Semiconductors has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect NXP Semiconductors to earn $7.22 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.9%.

Shares of NASDAQ:NXPI traded down $5.55 during trading on Friday, hitting $76.50. The company had a trading volume of 3,863,283 shares, compared to its average volume of 3,611,533. The firm has a market capitalization of $28.20 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.07 and a beta of 0.93. NXP Semiconductors has a one year low of $69.72 and a one year high of $125.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.13. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.43 billion. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. As a group, analysts expect that NXP Semiconductors will post 6.15 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on NXPI shares. Cowen started coverage on NXP Semiconductors in a research note on Friday, September 7th. They issued an “outperform” rating and a $111.00 price objective for the company. Credit Suisse Group started coverage on NXP Semiconductors in a research note on Friday, September 7th. They set an “outperform” rating and a $125.00 price target for the company. Stifel Nicolaus lowered NXP Semiconductors from a “hold” rating to a “sell” rating and decreased their price target for the stock from $99.00 to $84.00 in a research note on Wednesday, September 12th. Mizuho reissued a “buy” rating and set a $115.00 price target on shares of NXP Semiconductors in a research note on Wednesday, September 12th. Finally, Bank of America raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $120.00 in a research note on Monday, September 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $101.97.

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NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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