NXP Semiconductors (NXPI) Surges 8% Ahead of Ex-Dividend Date

NXPI +4.22%

We recently published 10 Stocks Stealing the Spotlight Early as Christmas Looms. NXP Semiconductors NV (NASDAQ:NXPI) is one of the top performers on Tuesday.

NXP Semiconductors extended its rally for a fourth consecutive day on Tuesday, jumping 7.95 percent to close at $215.35 apiece as investors continued to load portfolios ahead of the deadline to be included in the next quarterly dividend payment.

According to NXP Semiconductors NV (NASDAQ:NXPI), it would distribute an interim dividend of $1.014 per share to all its ordinary shareholders as of the December 10 record date, payable on January 7, 2026.

The dividends would be subject to a 15 percent withholding tax for Dutch residents. Non-Dutch resident shareholders may be entitled to a full or a partial refund depending on their circumstances.

In the third quarter of the year, NXP Semiconductors NV (NASDAQ:NXPI) dropped its net income attributable to shareholders by 12 percent to $631 million from 718 million in the same period last year. Revenues were down by 2 percent to $3.17 billion from $3.25 billion year-on-year, but were within the company’s previous outlook.

Despite the dismal performance, NXP Semiconductors NV (NASDAQ:NXPI) said that it experienced broad-based sequential improvement across all regions and end markets.

“Our outlook reflects the strength of our company-specific growth drivers and signs of a cyclical recovery. We remain focused on disciplined investment and portfolio enhancement to drive profitable growth, while maintaining control over the factors we can influence,” said NXP Semiconductors NV (NASDAQ:NXPI) President and CEO Rafael Sotomayor.

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Disclosure: None. This article is originally published at Insider Monkey.