NXP Semiconductors (NXPI) Declares $1.01 Dividend
NXP Semiconductors said on May 25, 2023 that its board of directors declared a regular quarterly dividend of $1.01 per share ($4.06 annualized). Previously, the company paid $1.01 per share.
Shares must be purchased before the ex-div date of June 13, 2023 to qualify for the dividend. Shareholders of record as of June 14, 2023 will receive the payment on July 6, 2023.
At the current share price of $181.18 / share, the stock's dividend yield is 2.24%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.55%, the lowest has been 0.80%, and the highest has been 4.50%. The standard deviation of yields is 0.73 (n=237).
The current dividend yield is 0.94 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.38. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 1.70%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1927 funds or institutions reporting positions in NXP Semiconductors. This is an increase of 46 owner(s) or 2.45% in the last quarter. Average portfolio weight of all funds dedicated to NXPI is 0.45%, an increase of 18.88%. Total shares owned by institutions increased in the last three months by 1.05% to 280,803K shares. 
The put/call ratio of NXPI is 1.22, indicating a bearish outlook.
Analyst Price Forecast Suggests 10.30% Upside
As of May 11, 2023, the average one-year price target for NXP Semiconductors is 199.84. The forecasts range from a low of 156.55 to a high of $262.50. The average price target represents an increase of 10.30% from its latest reported closing price of 181.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NXP Semiconductors is 13,102MM, a decrease of 0.67%. The projected annual non-GAAP EPS is 12.95.
What are Other Shareholders Doing?
Jpmorgan Chase holds 26,149K shares representing 10.07% ownership of the company. In it's prior filing, the firm reported owning 26,004K shares, representing an increase of 0.56%. The firm decreased its portfolio allocation in NXPI by 86.23% over the last quarter.
Wellington Management Group Llp holds 9,809K shares representing 3.78% ownership of the company. In it's prior filing, the firm reported owning 10,092K shares, representing a decrease of 2.89%. The firm decreased its portfolio allocation in NXPI by 84.00% over the last quarter.
Massachusetts Financial Services holds 9,762K shares representing 3.76% ownership of the company. In it's prior filing, the firm reported owning 9,842K shares, representing a decrease of 0.81%. The firm decreased its portfolio allocation in NXPI by 82.40% over the last quarter.
T. Rowe Price Investment Management holds 7,534K shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 8,629K shares, representing a decrease of 14.53%. The firm decreased its portfolio allocation in NXPI by 3.73% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,047K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 5,990K shares, representing an increase of 0.93%. The firm increased its portfolio allocation in NXPI by 10.46% over the last quarter.
NXP Semiconductors Background Information
(This description is provided by the company.)
NXP Semiconductors N.V. enables secure connections for a smarter world, advancing solutions that make lives easier, better, and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 29,000 employees in more than 30 countries and posted revenue of $8.61 billion in 2020.
Key filings for this company:
This story originally appeared on Fintel.