The Latest Breaking News from NXP

NXP Semiconductors beat Wall Street analyst estimates for the second quarter Monday, thanks to continued strong automotive chip sales.

Investors have devoured semiconductor stocks this year amid a cyclical downturn and hopes for an imminent sector-wide upturn.

NXP Semiconductors (NXPI) saw its shares get crushed despite reporting strong top-line and bottom-line growth in the last reported quarter. While several analysts recently lowered their price target on the stock, given increased chip demands across industries, can the stock maintain its market standing? Let’s find out.

Samsung reportedly is eyeing an acquisition of NXP Semiconductors to increase its exposure to the automotive chip market.

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ:NXPI) to Neutral from Buy with a price target of $190, down from $240 (6.8% upside), as his margin expansion thesis has played out. Danely derived his Buy thesis in February 2021 from the anticipation of superior margin/EPS upside and strength from the automotive end market.…

The demand for semiconductors is rising due in large measure to the increasing adoption of advanced technologies amid rapid digitalization. Also, governments worldwide are spending billions of dollars to ramp up production and bring the production of semiconductor chips closer to home. Thus, we think Micron NXP Semiconductors (NXPI) and…

NXP Semiconductors late Monday beat Wall Street's targets for the fourth quarter and increased its quarterly dividend 50%.