NXP Semi forecasts revenue below estimates on auto weakness, shares tumble
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Barclays Reiterates Overweight Rating on NXP Semiconductors NV (NXPI), PT $330
July 24, 2024 8:38 AM EDTBarclays analyst Blayne Curtis reiterated an Overweight rating and $330.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).
The analyst comments "Inventory at Auto OEMs is taking longer to work down but that is largely offset by better company specific drivers. We think that... More
BofA Securities Reiterates Buy Rating on NXP Semiconductors NV (NXPI)
July 24, 2024 7:21 AM EDTBofA Securities analyst Vivek Arya reiterated a Buy rating and $320.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).
The analyst comments "Maintain Buy, top autos pick as we believe despite a muted Q3 outlook NXPI management has delivered best-in-class operational execution during the current... More
Citi Reiterates Sell Rating on NXP Semiconductors NV (NXPI)
July 24, 2024 6:59 AM EDTCiti analyst Christopher Danely reiterated a Sell rating and $220.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).
The analyst comments "Yesterday, NXPI reported in-line results but lowered C24 guidance as the inventory correction in the Auto end market (55% of 2Q24 sales) is... More
Cantor Fitzgerald Reiterates Overweight Rating on NXP Semiconductors NV (NXPI), 'NXPI remains a Top Pick'
July 24, 2024 6:36 AM EDTCantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $350.00 price target on NXP Semiconductors NV (NASDAQ: NXPI)
The analyst comments "To start, we would be buyers of NXPI on this weakness. We understand the trade-off given the current Semi landscape and sub-seasonal guide (guided +4% in 3Q vs. seasonal +6%), but we think this is only a very near-term hiccup. In short, inventory digestion amongst select Tier1 Auto OEMs is taking longer than anticipated and the Core Industrial business continues to be weak (also leading to a more-muted 2H channel fill vs.... More
NXP Semiconductors NV (NXPI) PT Lowered to $287 at Truist Securities
July 23, 2024 3:55 PM EDTTruist Securities analyst William S. Stein lowered the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $287.00 (from $291.00) while maintaining a Buy rating.
The analyst comments "NXP's recovery is pushed out slightly, but we still like the stock here. NXP posted... More
