Cozad Asset Management Inc. trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 78.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,675 shares of the semiconductor provider's stock after selling 24,652 shares during the period. Cozad Asset Management Inc.'s holdings in NXP Semiconductors were worth $1,387,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co bought a new stake in NXP Semiconductors during the fourth quarter valued at $32,000. FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter valued at $33,000. Finally, Brooklyn Investment Group raised its holdings in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.
Analyst Upgrades and Downgrades
NXPI has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Citigroup raised NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their price target for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $267.00.
View Our Latest Report on NXP Semiconductors
Insider Buying and Selling at NXP Semiconductors
In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by corporate insiders.
NXP Semiconductors Price Performance
NASDAQ NXPI traded down $2.00 on Friday, reaching $200.64. The company's stock had a trading volume of 3,351,990 shares, compared to its average volume of 2,289,038. The firm's 50 day moving average is $215.58 and its two-hundred day moving average is $223.45. The stock has a market cap of $50.89 billion, a PE ratio of 20.62, a PEG ratio of 3.01 and a beta of 1.47. 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 twelve month low of $197.43 and a twelve month high of $296.08.
NXP Semiconductors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.02%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.
NXP Semiconductors Profile
(
Free Report)
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.
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