Cozad Asset Management Inc. Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Cozad Asset Management Inc. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 37.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Bessemer Group Inc. grew its stake in shares of NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock worth $88,399,000 after acquiring an additional 349,061 shares in the last quarter. M&G Plc bought a new stake in shares of NXP Semiconductors in the 1st quarter worth $65,830,000. QRG Capital Management Inc. grew its stake in shares of NXP Semiconductors by 34.1% in the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider's stock worth $425,000 after acquiring an additional 436 shares in the last quarter. Mather Group LLC. grew its stake in shares of NXP Semiconductors by 23.3% in the 2nd quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider's stock worth $140,000 after acquiring an additional 107 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of NXP Semiconductors by 21.1% in the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider's stock worth $41,519,000 after acquiring an additional 26,851 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NXPI shares. UBS Group cut their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday. The Goldman Sachs Group cut their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target on the stock. Truist Financial cut their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Mizuho set a $290.00 price target on shares of NXP Semiconductors in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $276.85.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company's stock.

NXP Semiconductors Price Performance

Shares of NXPI traded up $4.36 during trading hours on Thursday, reaching $235.74. 1,410,613 shares of the company's stock traded hands, compared to its average volume of 2,287,732. NXP Semiconductors has a 12 month low of $179.64 and a 12 month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a market cap of $60.05 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The firm's 50 day simple moving average is $236.43 and its 200-day simple moving average is $253.19.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. NXP Semiconductors's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.31 earnings per share. Equities analysts expect that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

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.