Cozad Asset Management Inc. Acquires 8,610 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cozad Asset Management Inc. increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 37.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,327 shares of the semiconductor provider’s stock after purchasing an additional 8,610 shares during the quarter. Cozad Asset Management Inc.’s holdings in NXP Semiconductors were worth $7,519,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NXPI. Advisor Resource Council bought a new stake in NXP Semiconductors in the 3rd quarter valued at $555,000. M&G PLC grew its stake in shares of NXP Semiconductors by 26.8% during the 3rd quarter. M&G PLC now owns 249,104 shares of the semiconductor provider’s stock worth $59,785,000 after acquiring an additional 52,591 shares in the last quarter. Foster & Motley Inc. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $239,000. Long Run Wealth Advisors LLC lifted its position in shares of NXP Semiconductors by 13.6% in the third quarter. Long Run Wealth Advisors LLC now owns 15,161 shares of the semiconductor provider’s stock worth $3,639,000 after purchasing an additional 1,812 shares in the last quarter. Finally, ASB Consultores LLC boosted its holdings in NXP Semiconductors by 8.2% during the third quarter. ASB Consultores LLC now owns 1,562 shares of the semiconductor provider’s stock worth $375,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $231.38 on Thursday. The firm’s 50-day moving average is $236.43 and its 200 day moving average is $253.19. The stock has a market cap of $58.94 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a 1 year low of $178.19 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 earnings per share. Sell-side analysts anticipate that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NXPI. Truist Financial reduced their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday. Oppenheimer decreased their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday. Citigroup raised their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday. Finally, Citic Securities assumed coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $276.85.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated 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 directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.

About NXP Semiconductors

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.