NXP Semiconductors (NXPI) call put ratio 1.5 calls to 1 put as share price down 6.5%
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Selloff in this U.S. chip stock 'overdone' says BofA
May 1, 2025 4:00 PM EDTBank of America is standing by its Buy rating on one semiconductor stock, saying the recent 7% share price drop is overdone and that the chipmakers long-term outlook remains intact despite geopolitical and executive leadership uncertainties.
NXP Semiconductors (NASDAQ: NXPI) is the stock in question. BofA reiterated its $215 price target on NXP, which currently trades above the $184 mark.
The firm made only minor tweaks to its earnings forecasts,... More
