NXP Semiconductors N.V. (NASDAQ:NXPI) will release earnings results for its third quarter, after the closing bell on Monday, Nov. 4.
Analysts expect the Eindhoven, the Netherlands-based bank to report quarterly earnings at $3.43 per share, down from $3.70 per share in the year-ago period. NXP Semiconductors projects to report revenue of $3.25 billion for the recent quarter, compared to $3.4 billion a year earlier, according to data from Benzinga Pro.
On Oct. 23, GlobalFoundries (NASDAQ:GFS) and NXP Semiconductors disclosed collaboration to drive next-generation solutions across a range of end markets including automotive, IoT and smart mobile devices.
NXP Semiconductors shares gained 1.7% to close at $238.59 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Stifel analyst Tore Svanberg maintained a Hold rating and cut the price target from $275 to $260 on Oct. 17.
- Cantor Fitzgerald analyst C J Muse maintained an Overweight rating and cut the price target from $350 to $270 on Oct. 8.
- UBS analyst Francois-Xavier Bouvignies upgraded the stock from Neutral to Buy and raised the price target from $275 to $285 on Oct. 7.
- Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating and lowered the price target from $275 to $271 on July 24.
- Truist Securities analyst William Stein maintained a Buy rating and slashed the price target from $291 to $287 on July 24.
Considering buying NXPI stock? Here's what analysts think:
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