NXP Semiconductors (NXPI) July weekly 280 straddle priced into quarter results

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Deutsche Bank Reiterates Buy Rating on NXP Semiconductors NV (NXPI)

July 23, 2024 5:03 AM EDT

Deutsche Bank analyst Ross Seymore reiterated a Buy rating and $300.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).

The analyst comments "NXPI delivered solid 2Q results, but below DB/Street guidance for 3Q24 and leading to a ~-7% aftermarket pullback in its share price. For 2Q, each of NXPIs end market revenue segments were ~in line with guidance/DBe, with Auto and Mobile falling q/q... More