Fintel reports that on October 24, 2023, Susquehanna maintained coverage of NXP Semiconductors (NASDAQ:NXPI) with a Neutral recommendation.
Analyst Price Forecast Suggests 28.36% Upside
As of October 5, 2023, the average one-year price target for NXP Semiconductors is 234.07. The forecasts range from a low of 156.55 to a high of $273.00. The average price target represents an increase of 28.36% from its latest reported closing price of 182.35.
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The projected annual revenue for NXP Semiconductors is 13,102MM, a decrease of 0.57%. The projected annual non-GAAP EPS is 12.95.
NXP Semiconductors Declares $1.01 Dividend
On August 24, 2023 the company declared a regular quarterly dividend of $1.01 per share ($4.06 annualized). Shareholders of record as of September 13, 2023 received the payment on October 5, 2023. Previously, the company paid $1.01 per share.
At the current share price of $182.35 / share, the stock's dividend yield is 2.22%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.47%, the lowest has been 0.80%, and the highest has been 2.44%. The standard deviation of yields is 0.47 (n=236).
The current dividend yield is 1.62 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.
What is the Fund Sentiment?
There are 1954 funds or institutions reporting positions in NXP Semiconductors. This is an increase of 46 owner(s) or 2.41% in the last quarter. Average portfolio weight of all funds dedicated to NXPI is 0.47%, an increase of 6.45%. Total shares owned by institutions increased in the last three months by 0.82% to 281,806K shares. 
The put/call ratio of NXPI is 1.12, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 28,292K shares representing 10.97% ownership of the company. In it's prior filing, the firm reported owning 26,149K shares, representing an increase of 7.57%. The firm increased its portfolio allocation in NXPI by 743.63% over the last quarter.
Massachusetts Financial Services holds 9,883K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 9,762K shares, representing an increase of 1.22%. The firm increased its portfolio allocation in NXPI by 7.02% over the last quarter.
Wellington Management Group Llp holds 8,451K shares representing 3.28% ownership of the company. In it's prior filing, the firm reported owning 9,809K shares, representing a decrease of 16.08%. The firm decreased its portfolio allocation in NXPI by 9.76% over the last quarter.
T. Rowe Price Investment Management holds 6,348K shares representing 2.46% ownership of the company. In it's prior filing, the firm reported owning 7,534K shares, representing a decrease of 18.69%. The firm decreased its portfolio allocation in NXPI by 12.14% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,184K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 6,047K shares, representing an increase of 2.22%. The firm increased its portfolio allocation in NXPI by 1.67% 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.
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