These Analysts Revise Their Forecasts On NXP Semiconductors After Q4 Results

NXP Semiconductors NV NXPI reported better-than-expected fourth-quarter financial results after Monday’s closing bell.

NXP Semiconductors reported quarterly earnings of $3.18 per share, which beat the analyst consensus estimate of $3.14. Quarterly revenue came in at $3.11 billion which beat the analyst consensus estimate of $3.104 billion and is a decrease from sales of $3.42 billion from the same period last year.

NXP Semiconductors sees first-quarter earnings of between $2.39 and $2.79 per share, versus the $2.68 estimate, and revenue in a range of $2.725 billion to $2.925 billion, versus the $2.892 billion estimate.

NXP Semiconductors shares fell 1.1% to close at $202.40 on Tuesday.

These analysts made changes to their price targets on NXP Semiconductors following earnings announcement.

• Needham analyst Quinn Bolton maintained NXP Semiconductors with a Buy and lowered the price target from $250 to $230.
• Citigroup analyst Christopher Danely upgraded the stock from Sell to Neutral and raised the price target from $200 to $210.

Considering buying NXPI stock? Here’s what analysts think:

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