Sells a lot of chips to the car industry, and the company is well run.
When an offer to be bought out by Qualcomm fell through he saw that as a good time to buy. Now that the stock has recovered back towards $100, a level lower than they would have been acquired at, he is interested again as it is a better company today than before the takeout talks. They are involved in semi-conductor parts for autos and factory communications. Lots of upside to come. Yield 1.02% (Analysts’ price target is $115.40)
NXP Semiconductors is a American stock, trading under the symbol NXPI-Q on the NASDAQ (NXPI). It is usually referred to as NASDAQ:NXPI or NXPI-Q
In the last year, 4 stock analysts published opinions about NXPI-Q. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for NXP Semiconductors.
NXP Semiconductors was recommended as a Top Pick by on . Read the latest stock experts ratings for NXP Semiconductors.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered NXP Semiconductors In the last year. It is a trending stock that is worth watching.
On 2023-09-29, NXP Semiconductors (NXPI-Q) stock closed at a price of $199.92.
Down 10% this month. Half of business comes from cars, and 21% from industrials, both pressured by recession fears. Threats of an auto workers' strike doesn't help, but a strike won't last very long--Washington will force both sides to talk. They just reported a solid quarter and guidance.