NXP Semiconductors (NXPI) Lower On Guidance Worries Going Into Results
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Price: $238.08 +1.29%
Rating Summary:
22 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
22 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Shares of NXP Semiconductors NV (Nasdaq: NXPI) are under pressure Monday, which could be related to some cautious comments from analysts at Goldman Sachs.
The firm expects NXP to guide Q4 below the Street when the company reports Q3 results on 11/11, as customers continue to work down inventory. That said, the firm said they would add to positions on any pullback. They believe the company can realize significant EPS leverage following a fundamental trough in 4Q.
NXPI is down 4 percent today to $18.27.
The firm expects NXP to guide Q4 below the Street when the company reports Q3 results on 11/11, as customers continue to work down inventory. That said, the firm said they would add to positions on any pullback. They believe the company can realize significant EPS leverage following a fundamental trough in 4Q.
NXPI is down 4 percent today to $18.27.
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