Stifel Reiterates Hold Rating on NXP Semiconductors NV (NXPI)

Stifel analyst Tore Svanberg reiterated a Hold rating and $215.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).

The analyst commented, "Dec Q revenue of $3.34bn (+5.1% q/q) was +1.1% higher than our $3.30bn estimate, with all end markets exhibiting sequential growth; Street consensus was at $3.31bn.Higher Mar Q outlook, with the $3.15bn revenue midpoint representing a -5.5% q/q decrease (+2.6% higher than our prior estimate). $2.97 NG EPS midpoint was +$0.10 higher than our estimate.Despite a raised outlook relative to prior estimates, NXPI's guidance trails the positive inflection signaled by analog peers, which set a more robust benchmark for the analog industry. Moreover, in light of recent positive data points across the European automotive sector and the January ISM PMI, NXPI’s Mar Q appears conservative relative to the improving macro backdrop.Maintain Hold primarily on Valuation; maintain 12-month TP at $215 (15.7x CY26E P/E multiple)."

For an analyst ratings summary and ratings history on NXP Semiconductors NV click here. For more ratings news on NXP Semiconductors NV click here.

Shares of NXP Semiconductors NV closed at $220.66 yesterday.

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