NXP Semiconductors Reports Third Quarter 2023 Results

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Citi Downgrades NXP Semiconductors NV (NXPI) to Sell, 'Finally Feeling Correction and it Will Get Much Worse'

November 8, 2023 4:20 AM EST

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ: NXPI) from Neutral to Sell with a price target of $150.00 (from $216.00).

The analyst comments "Yesterday, NXPI reported good results due to upside from the industrial and mobile end markets (combined 29% of 3Q23... More

NXP Semiconductors (NXPI) Tops Q3 EPS by 9c; guides Q4 in-line

November 6, 2023 4:12 PM EST

NXP Semiconductors (NASDAQ: NXPI) reported Q3 EPS of $3.70, $0.09 better than the analyst estimate of $3.61. Revenue for the quarter came in at $3.43 billion versus the consensus estimate of $3.4 billion.

GUIDANCE:

NXP Semiconductors sees Q4 2023 EPS of $3.65 at the midpoint, versus the... More