NXP Semiconductors Reports Fourth Quarter and Full-Year 2023 Results
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February 6, 2024 4:25 PM EST
JPMorgan analyst Harlan Sur raised the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $240.00 (from $220.00) while maintaining a Neutral rating.
The analyst comments "NXP is navigating a soft landing despite the cyclical headwinds through a combination of sustained demand in its focus end markets, sustained pricing power/content gains, and disciplined supply chain/customer/channel management. This is a good example of where the team took control of the supply/demand imbalance early on in the downcycle by undershipping true end demand... More
February 5, 2024 4:14 PM EST
NXP Semiconductors (NASDAQ: NXPI) reported Q4 EPS of $3.71, $0.06 better than the analyst estimate of $3.65. Revenue for the quarter came in at $3.42 billion versus the consensus estimate of $3.4 billion.
GUIDANCE:
NXP Semiconductors sees Q1 2024 EPS of $2.97-$3.38, versus the consensus of $3.15. NXP... More
