Empowered Funds LLC Has $5.09 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Empowered Funds LLC grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 99.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC grew its position in NXP Semiconductors by 14.8% during the third quarter. CWM LLC now owns 5,044 shares of the semiconductor provider’s stock worth $1,211,000 after buying an additional 649 shares in the last quarter. Exchange Traded Concepts LLC lifted its position 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 worth $1,317,000 after acquiring an additional 5,239 shares during the period. Occidental Asset Management LLC lifted its position 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 worth $1,775,000 after acquiring an additional 417 shares during the period. Zhang Financial LLC grew its holdings in shares of NXP Semiconductors by 19.6% during the 3rd quarter. Zhang Financial LLC now owns 4,281 shares of the semiconductor provider’s stock worth $1,028,000 after purchasing an additional 701 shares in the last quarter. Finally, Lockerman Financial Group Inc. increased its position in shares of NXP Semiconductors by 9.1% during the third quarter. Lockerman Financial Group Inc. now owns 1,200 shares of the semiconductor provider’s stock valued at $288,000 after purchasing an additional 100 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Susquehanna decreased their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and raised their price target for the stock from $200.00 to $210.00 in a research note on Wednesday, February 5th. Finally, Oppenheimer lowered their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $263.15.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $210.97 on Wednesday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $213.42 and its 200-day moving average is $228.99. The firm has a market capitalization of $53.62 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is 41.73%.

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.