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

Empowered Funds LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, HoldingsChannel reports. The fund bought 31,642 shares of the semiconductor provider’s stock, valued at approximately $8,892,000.

Other institutional investors have also added to or reduced their stakes in the company. United Capital Financial Advisors LLC bought a new position in shares of NXP Semiconductors during the second quarter valued at about $1,062,000. Old North State Trust LLC purchased a new position in NXP Semiconductors during the 2nd quarter valued at about $354,000. Equitable Holdings Inc. bought a new position in NXP Semiconductors during the 2nd quarter valued at approximately $1,103,000. Jefferies Financial Group Inc. purchased a new position in shares of NXP Semiconductors during the second quarter valued at approximately $1,370,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of NXP Semiconductors during the second quarter valued at approximately $3,597,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NXPI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price target on shares of NXP Semiconductors in a report on Monday, August 17th. UBS Group reaffirmed a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Oppenheimer raised their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Down 1.0%

NASDAQ:NXPI opened at $223.58 on Friday. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a market capitalization of $56.38 billion, a PE ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81. The firm’s 50-day moving average price is $257.48 and its 200-day moving average price is $252.32. 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) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping 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 business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The stock was 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 owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company 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.