Empowered Funds LLC Has $1.94 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Empowered Funds LLC lifted its position in NXP Semiconductors (NASDAQ:NXPI) by 80.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,818 shares of the semiconductor provider’s stock after buying an additional 3,478 shares during the quarter. Empowered Funds LLC’s holdings in NXP Semiconductors were worth $1,937,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in NXP Semiconductors by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after acquiring an additional 118,562 shares in the last quarter. Norges Bank bought a new stake in NXP Semiconductors in the fourth quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after buying an additional 2,097,727 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of NXP Semiconductors by 24.6% in the first quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock worth $407,506,000 after buying an additional 325,187 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in shares of NXP Semiconductors by 4.4% in the fourth quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock worth $359,274,000 after buying an additional 65,741 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Oppenheimer raised their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Evercore ISI raised their price target on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Jefferies Financial Group began coverage on NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $271.24.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $280.19 on Monday. The business has a 50 day simple moving average of $271.30 and a 200 day simple moving average of $246.53. NXP Semiconductors has a one year low of $167.21 and a one year high of $286.87. The company has a market capitalization of $71.64 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. On average, sell-side analysts forecast that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were issued a $1.014 dividend. The ex-dividend date was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.45%. NXP Semiconductors’s dividend payout ratio is 37.49%.

NXP Semiconductors Company Profile

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.