NXP Semiconductors N.V. (NXPI) To Go Ex-Dividend on June 24th

NXP Semiconductors N.V. (NASDAQ:NXPI) declared a quarterly dividend on Thursday, June 11th. Investors of record on Wednesday, June 24th will be paid a dividend of 1.014 per share by the semiconductor provider on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th.

NXP Semiconductors has increased its dividend payment by an average of 0.2%per year over the last three years. NXP Semiconductors has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NXP Semiconductors to earn $16.25 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 24.9%.

NXP Semiconductors Price Performance

NXPI opened at $313.27 on Monday. NXP Semiconductors has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a 50-day moving average of $281.83 and a 200 day moving average of $242.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The firm has a market cap of $79.09 billion, a P/E ratio of 29.98, a PEG ratio of 1.13 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts expect that NXP Semiconductors will post 13.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BNP Paribas Exane lifted their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Wolfe Research raised their target price on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Finally, Morgan Stanley upped their price target on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.92.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.