Why These NXP Semiconductors Analysts Are Not Disappointed With Q4 Guidance Miss
Shares of NXP Semiconductors NV (NASDAQ: NXPI) jumped in early trading on Tuesday, after the company reported its third-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
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KeyBanc Capital Markets: Analyst John Vinh said the company’s better-than-expected third-quarter earnings reflect “solid demand in core-industrial and mobile, with auto largely in line and comm infra below.”
The fourth-quarter guidance was broadly in-line but with a 1% sequential decline in revenues, “which likely reflects indications of slowing auto/industrials,” he added.
Mizuho Securities: Analyst Vijay Rakesh maintained a Neutral rating and price target of $225. Although NXP Semiconductors guided to a sequential contraction in revenues, its ...
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