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Monday, March 4, 2024
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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.

Check out other analyst stock ratings.

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 ...

Full story available on Benzinga.com


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