Empowered Funds LLC Purchases 12,195 Shares of NXP Semiconductors (NASDAQ:NXPI)

Empowered Funds LLC increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 99.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,492 shares of the semiconductor provider's stock after purchasing an additional 12,195 shares during the period. Empowered Funds LLC's holdings in NXP Semiconductors were worth $5,091,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NXPI. CWM LLC lifted its holdings in NXP Semiconductors by 14.8% during the 3rd quarter. CWM LLC now owns 5,044 shares of the semiconductor provider's stock worth $1,211,000 after purchasing an additional 649 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of NXP Semiconductors by 2,095.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,489 shares of the semiconductor provider's stock valued at $1,317,000 after acquiring an additional 5,239 shares in the last quarter. Occidental Asset Management LLC raised its holdings in shares of NXP Semiconductors by 6.0% in the 3rd quarter. Occidental Asset Management LLC now owns 7,396 shares of the semiconductor provider's stock valued at $1,775,000 after acquiring an additional 417 shares in the last quarter. Zhang Financial LLC raised its holdings in shares of NXP Semiconductors by 19.6% in the 3rd quarter. Zhang Financial LLC now owns 4,281 shares of the semiconductor provider's stock valued at $1,028,000 after acquiring an additional 701 shares in the last quarter. Finally, Lockerman Financial Group Inc. raised its holdings in shares of NXP Semiconductors by 9.1% in the 3rd quarter. Lockerman Financial Group Inc. now owns 1,200 shares of the semiconductor provider's stock valued at $288,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NXPI shares. Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Truist Financial decreased their price objective on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Loop Capital started coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a "buy" rating and a $300.00 price target on the stock. Finally, UBS Group reduced their price target on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $264.45.

NXP Semiconductors Stock Up 2.1 %

Shares of NASDAQ NXPI traded up $4.55 during mid-day trading on Friday, hitting $224.14. 3,085,358 shares of the stock traded hands, compared to its average volume of 2,691,124. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market cap of $56.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46. The stock has a fifty day moving average price of $213.16 and a 200-day moving average price of $228.34.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. NXP Semiconductors's dividend payout ratio is presently 41.73%.

NXP Semiconductors 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.