NXP Semiconductors N.V. (NASDAQ:NXPI – Get Free Report) declared a quarterly dividend on Wednesday, November 19th. Shareholders of record on Wednesday, December 10th will be paid a dividend of 1.014 per share by the semiconductor provider on Wednesday, January 7th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 10th.
NXP Semiconductors has increased its dividend by an average of 0.3%per year over the last three years. NXP Semiconductors has a payout ratio of 29.4% indicating that 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 $4.05 annual dividend with an expected future payout ratio of 32.3%.
NXP Semiconductors Stock Up 0.8%
Shares of NASDAQ NXPI opened at $190.06 on Thursday. The business has a 50-day moving average price of $215.54 and a 200 day moving average price of $216.29. The stock has a market cap of $47.83 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.53 and a beta of 1.47. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $255.45.
Analyst Upgrades and Downgrades
NXPI has been the subject of several recent analyst reports. KGI Securities upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. Evercore ISI raised their price objective on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $215.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.47.
Read Our Latest Research Report on NXP Semiconductors
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.
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