Empowered Funds LLC Invests $8.89 Million in NXP Semiconductors N.V. $NXPI

Key Points

• Empowered Funds LLC acquired 31,642 shares of NXP Semiconductors during the second quarter, worth approximately $8.89 million. Institutional investors collectively own 90.54% of the company.
• Analysts maintain a generally positive outlook, with NXP receiving a “Moderate Buy” consensus rating and an average price target of $305.43; Oppenheimer raised its target to $325.
• NXP reported quarterly revenue of $3.50 billion and adjusted earnings of $3.61 per share, exceeding estimates, while revenue increased 19.5% year over year. The company also pays an annualized dividend of $4.06 per share, yielding about 1.8%.

Empowered Funds LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 31,642 shares of the semiconductor provider's stock, valued at approximately $8,892,000.

Other large investors have also added to or reduced their stakes in the company. MGO One Seven LLC raised its stake in NXP Semiconductors by 63.0% during the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider's stock worth $3,011,000 after buying an additional 5,359 shares during the period. Deutsche Bank AG lifted its position in NXP Semiconductors by 5.1% in the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider's stock valued at $418,538,000 after acquiring an additional 93,316 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of NXP Semiconductors during the second quarter valued at approximately $1,208,000. Barclays PLC boosted its position in shares of NXP Semiconductors by 31.5% during the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider's stock valued at $495,634,000 after buying an additional 546,790 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in NXP Semiconductors by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider's stock worth $59,496,000 after buying an additional 8,676 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Oppenheimer raised their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a research report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $290.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors Price Performance

NXPI stock opened at $223.58 on Friday. The firm has a 50 day simple moving average of $257.48 and a two-hundred day simple moving average of $252.32. The stock has a market cap of $56.38 billion, a PE ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is currently 34.64%.

Insider Buying and Selling

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

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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