Cozad Asset Management Inc. Invests $6.11 Million in NXP Semiconductors (NASDAQ:NXPI)

Cozad Asset Management Inc. purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,717 shares of the semiconductor provider’s stock, valued at approximately $6,113,000.

A number of other large investors have also recently added to or reduced their stakes in NXPI. Drive Wealth Management LLC raised its stake in shares of NXP Semiconductors by 4.3% in the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after purchasing an additional 39 shares in the last quarter. Beacon Capital Management LLC increased its holdings in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Patten Group Inc. raised its stake in NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after buying an additional 42 shares in the last quarter. West Paces Advisors Inc. lifted its holdings in NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after buying an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC grew its position in shares of NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after acquiring an additional 45 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $236.14 on Wednesday. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The firm has a market cap of $60.38 billion, a P/E ratio of 21.80, a PEG ratio of 2.77 and a beta of 1.49. The stock has a fifty day moving average price of $258.79 and a two-hundred day moving average price of $255.51. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business posted $3.04 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Research analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.72%. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insider Buying and Selling

In related news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Julie Southern bought 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays upped their price target on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Wells Fargo & Company raised their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. TD Cowen lowered their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $294.89.

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.