NXP Semiconductors NV (NASDAQ:NXPI) announced a quarterly dividend on Thursday, August 29th, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.375 per share by the semiconductor provider on Friday, October 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, September 13th. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.25.

NXP Semiconductors has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect NXP Semiconductors to earn $7.56 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 19.8%.

NXP Semiconductors stock traded up $2.04 during midday trading on Wednesday, hitting $109.90. 186,672 shares of the stock were exchanged, compared to its average volume of 2,348,696. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.82 and a quick ratio of 1.44. NXP Semiconductors has a 1 year low of $67.62 and a 1 year high of $108.96. The company has a 50 day moving average price of $101.89 and a two-hundred day moving average price of $97.27. The firm has a market cap of $35.30 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.36 and a beta of 1.24.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.48 by $0.52. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. As a group, analysts predict that NXP Semiconductors will post 6.34 EPS for the current year.

Several equities research analysts have recently commented on NXPI shares. BidaskClub lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Raymond James assumed coverage on shares of NXP Semiconductors in a report on Monday, August 19th. They set an “outperform” rating and a $115.00 price objective on the stock. Morgan Stanley raised their target price on shares of NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Evercore ISI raised shares of NXP Semiconductors from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $110.00 to $125.00 in a report on Monday, July 29th. Finally, Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $105.40.

In related news, Chairman Peter L. Bonfield sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $98.36, for a total value of $983,600.00. Following the sale, the chairman now owns 24,404 shares in the company, valued at approximately $2,400,377.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Keith M. Shull sold 4,569 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $105.53, for a total value of $482,166.57. Following the transaction, the executive vice president now directly owns 13,783 shares in the company, valued at approximately $1,454,519.99. The disclosure for this sale can be found here.

About NXP Semiconductors

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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Dividend History for NXP Semiconductors (NASDAQ:NXPI)

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