Empowered Funds LLC Has $7.04 Million Position in NXP Semiconductors N.V. $NXPI

Key Points

• Empowered Funds LLC increased its NXP Semiconductors position by 23.4% in the first quarter, owning 35,748 shares valued at approximately $7.04 million. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share on $3.50 billion in revenue, exceeding analyst estimates, while revenue grew 19.5% year over year. The company also pays a $1.014 quarterly dividend, representing a 1.7% yield.
• Wall Street maintains a consensus “Moderate Buy” rating with an average price target of $305.43, substantially above the reported share price of $234.71. Price targets from analysts range as high as $325.

Empowered Funds LLC grew its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 23.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,748 shares of the semiconductor provider's stock after purchasing an additional 6,776 shares during the quarter. Empowered Funds LLC's holdings in NXP Semiconductors were worth $7,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. MCF Advisors LLC raised its position in shares of NXP Semiconductors by 25.3% in the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider's stock valued at $46,000 after purchasing an additional 43 shares during the period. Aptus Capital Advisors LLC boosted its holdings in NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider's stock valued at $752,000 after acquiring an additional 43 shares during the period. Gamco Investors INC. ET AL boosted its holdings in NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after acquiring an additional 45 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider's stock valued at $1,829,000 after purchasing an additional 50 shares during the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider's stock worth $261,000 after purchasing an additional 52 shares during the period. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Up 1.2%

Shares of NXPI opened at $234.71 on Friday. The stock's 50-day moving average price is $273.07 and its 200 day moving average price is $252.52. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $59.18 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 0.80 and a beta of 1.81. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company earned $2.72 EPS. The company's quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is 34.64%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Oppenheimer lifted their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Raymond James Financial upped their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $305.43.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 1,746 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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