Empowered Funds LLC Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Empowered Funds LLC increased its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 35.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,297 shares of the semiconductor provider's stock after acquiring an additional 3,222 shares during the quarter. Empowered Funds LLC's holdings in NXP Semiconductors were worth $2,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. CIBC Asset Management Inc grew its holdings in NXP Semiconductors by 6.2% during the 3rd quarter. CIBC Asset Management Inc now owns 72,011 shares of the semiconductor provider's stock valued at $17,283,000 after buying an additional 4,173 shares in the last quarter. Intellectus Partners LLC purchased a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $836,000. Lifeworks Advisors LLC grew its holdings in NXP Semiconductors by 6.6% during the 3rd quarter. Lifeworks Advisors LLC now owns 8,050 shares of the semiconductor provider's stock valued at $1,932,000 after buying an additional 498 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in NXP Semiconductors by 3.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,022 shares of the semiconductor provider's stock valued at $1,685,000 after buying an additional 249 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in NXP Semiconductors by 8.3% during the 3rd quarter. Metis Global Partners LLC now owns 12,206 shares of the semiconductor provider's stock valued at $2,930,000 after buying an additional 933 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NXPI shares. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They set a "buy" rating and a $300.00 price objective for the company. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an "overweight" rating and set a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. The Goldman Sachs Group lowered their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Morgan Stanley lowered their target price on NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $276.76.

NXP Semiconductors Trading Down 1.1 %

NXPI stock traded down $2.34 during midday trading on Wednesday, reaching $217.57. The company's stock had a trading volume of 371,692 shares, compared to its average volume of 2,295,077. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a fifty day simple moving average of $233.83 and a two-hundred day simple moving average of $252.16. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08. The firm has a market capitalization of $55.30 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 4.36 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm posted $3.31 earnings per share. The business's revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.86%. NXP Semiconductors's payout ratio is 38.74%.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company's stock.

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.