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Stock impact report

Analysts Expect Outperformance As NXP Semiconductors (NXPI) Ramps Down Radio Power Line [Yahoo! Finance]

NXP Semiconductors N.V. (NXPI) 
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nxp.com
Company Research Source: Yahoo! Finance
America Securities maintained a Buy rating on NXP Semiconductors NV (NASDAQ:NXPI) and raised the price target from $255 to $265. According to estimates from 34 analysts covering the stock on Wall Street, the stock has a median upside target of $265, exactly where BofA's price target now stands. Cantor Fitzgerald Research also made some comments on the semiconductor industry on December 16, expecting relative outperformance from NXPI stock. These two positive analyst responses come at a time when investors are fearing negative sentiment as a result of news coming out of Chandler, where the company's ECHO fab used to manufacture parts for 5G equipment. According to an NXP spokesperson who spoke to Business Journal on December 13: “Given the market realities with no outlook for recovery, the RP business no longer fits into the company's long-term strategic direction. Therefore, NXP has made the decision to ramp down its radio power product line.” The Chandler facility is expected Show less Read more
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