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Sohini Mondal

Is Wall Street Bullish or Bearish on NXP Semiconductors Stock?

NXP Semiconductors NXP Semiconductor NXPI

With a market cap of $58.9 billion, NXP Semiconductors N.V. (NXPI) is a trusted global technology partner delivering innovative solutions across the automotive, industrial and IoT, mobile, and communications infrastructure markets. Through its “Brighter Together” approach, NXP combines advanced technology and pioneering talent to create system solutions that make the connected world better, safer, and more secure.

Shares of the Eindhoven, the Netherlands-based company have underperformed the broader market over the past 52 weeks. NXPI stock has increased 17.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 21.7%. Moreover, shares of the company are up 10.6% on a YTD basis, compared to SPX’s 13.3% rise.

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