Analysts are predicting a more than 20% upside for the NXP Semiconductors N.V. (NXPI) stock, suggesting strong growth is expected. The stock price target has been lowered to $277.00 by The Goldman Sachs Group, but UBS has upgraded the stock amid a strong growth outlook. The AI boom is being powered significantly by the chip stock of NXPI. Amidst the bullish sentiments, some hesitation is suggested by NXPI insiders selling US$17m of shares. NXPI saw a dip of 12.2% in a month. The company has announced a quarterly dividend and an additional share repurchase authorization. Despite some short-term volatility in stock prices and weak Q3 outlook, NXPI continues to gain traction in the market. It's seen as an important AI stock according to BlackRock and a solid player in the autonomous driving sector. Despite stock price drops on weak Q3 outlook, the management is optimistic of future prospects. An increased in stake by NewEdge Advisors and Mackenzie Financial Corp signals continued faith in the stock
Nxp Semiconductors Stocks NXPI News Analytics from Thu, 04 Jan 2024 08:00:00 GMT to Fri, 11 Oct 2024 14:24:32 GMT -
Rating 7
- Innovation 5
- Information 4
- Rumor 3
