NXP Semiconductors (NASDAQ:NXPI – Get Rating) announced a quarterly dividend on Thursday, May 25th, Zacks reports. Investors of record on Wednesday, June 14th will be given a dividend of 1.014 per share by the semiconductor provider on Thursday, July 6th. This represents a $4.06 annualized dividend and a yield of 2.37%. The ex-dividend date is Tuesday, June 13th.
NXP Semiconductors has raised its dividend payment by an average of 39.3% per year over the last three years and has raised its dividend every year for the last 3 years. NXP Semiconductors has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect NXP Semiconductors to earn $12.71 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 31.9%.
NXP Semiconductors Trading Up 2.9 %
NXPI opened at $171.34 on Friday. NXP Semiconductors has a twelve month low of $132.08 and a twelve month high of $198.28. The company has a 50-day simple moving average of $171.86 and a 200 day simple moving average of $172.44. The company has a quick ratio of 1.28, a current ratio of 1.75 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $44.46 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.65 and a beta of 1.51.
Analyst Ratings Changes
Insider Buying and Selling
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 15,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $166.52, for a total transaction of $2,497,800.00. Following the transaction, the executive vice president now directly owns 30,569 shares in the company, valued at approximately $5,090,349.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.
Hedge Funds Weigh In On NXP Semiconductors
Several large investors have recently bought and sold shares of the stock. Centaurus Financial Inc. bought a new position in NXP Semiconductors during the 1st quarter valued at $121,000. Rockefeller Capital Management L.P. lifted its stake in NXP Semiconductors by 14.4% during the 1st quarter. Rockefeller Capital Management L.P. now owns 6,263 shares of the semiconductor provider’s stock valued at $1,166,000 after acquiring an additional 790 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in shares of NXP Semiconductors by 1.0% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 150,617 shares of the semiconductor provider’s stock worth $28,086,000 after purchasing an additional 1,544 shares during the period. Sunbelt Securities Inc. raised its stake in shares of NXP Semiconductors by 1.5% during the 1st quarter. Sunbelt Securities Inc. now owns 4,213 shares of the semiconductor provider’s stock worth $765,000 after purchasing an additional 63 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of NXP Semiconductors by 12.9% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 10,481 shares of the semiconductor provider’s stock worth $1,954,000 after purchasing an additional 1,201 shares during the period. 88.70% of the stock is currently owned by institutional investors.
NXP Semiconductors Company Profile
NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.
- Get a free copy of the StockNews.com research report on NXP Semiconductors (NXPI)
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