NXP Semiconductors N.V. (NASDAQ:NXPI – Get Free Report) declared a quarterly dividend on Thursday, August 28th, RTT News reports. Stockholders of record on Wednesday, September 17th will be given a dividend of 1.014 per share by the semiconductor provider on Wednesday, October 8th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, September 17th.
NXP Semiconductors has a payout ratio of 29.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NXP Semiconductors to earn $12.53 per share next year, which means the company should continue to be able to cover its $4.06 annual dividend with an expected future payout ratio of 32.4%.
NXP Semiconductors Stock Down 2.0%
NXPI opened at $218.82 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average price of $224.90 and a 200-day moving average price of $208.01. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $256.62. The stock has a market capitalization of $55.17 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.48 and a beta of 1.43.
Analyst Upgrades and Downgrades
A number of analysts have commented on NXPI shares. Barclays upped their target price on shares of NXP Semiconductors from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Truist Financial upped their target price on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $205.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Susquehanna upped their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $256.05.
View Our Latest 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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