NXP Semiconductors Reports Second Quarter 2024 Results

Barclays Reiterates Overweight Rating on NXP Semiconductors NV (NXPI), PT $330

Barclays analyst Blayne Curtis reiterated an Overweight rating and $330.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).

The analyst comments "Inventory at Auto OEMs is taking longer to work down but that is largely offset by better company specific drivers. We think that... More

BofA Securities Reiterates Buy Rating on NXP Semiconductors NV (NXPI)

BofA Securities analyst Vivek Arya reiterated a Buy rating and $320.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).

The analyst comments "Maintain Buy, top autos pick as we believe despite a muted Q3 outlook NXPI management has delivered best-in-class operational execution during the current... More

Cantor Fitzgerald Reiterates Overweight Rating on NXP Semiconductors NV (NXPI), 'NXPI remains a Top Pick'

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $350.00 price target on NXP Semiconductors NV (NASDAQ: NXPI)

The analyst comments "To start, we would be buyers of NXPI on this weakness. We understand the trade-off given the current Semi landscape and sub-seasonal guide (guided +4% in 3Q vs. seasonal +6%), but we think this is only a very near-term hiccup. In short, inventory digestion amongst select Tier1 Auto OEMs is taking longer than anticipated and the Core Industrial business continues to be weak (also leading to a more-muted 2H channel fill vs.... More

NXP Semiconductors NV (NXPI) PT Lowered to $287 at Truist Securities

Truist Securities analyst William S. Stein lowered the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $287.00 (from $291.00) while maintaining a Buy rating.

The analyst comments "NXP's recovery is pushed out slightly, but we still like the stock here. NXP posted... More

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

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

NXP Semiconductors (NXPI) Misses Q2 EPS by 1c, Offers Guidance

NXP Semiconductors (NASDAQ: NXPI) reported Q2 EPS of $3.20, $0.01 worse than the analyst estimate of $3.21. Revenue for the quarter came in at $3.13 billion versus the consensus estimate of $3.13 billion.

GUIDANCE:

NXP Semiconductors sees Q3 2024 EPS of $3.21-$3.63, versus the consensus of $3.61.... More