Wells Fargo lowered the firm’s price target on NXP Semiconductors (NXPI) to $235 from $250 and keeps an Overweight rating on the shares. The firm says NXP delivered mixed results as it views cycle dynamics/revenue guide as somewhat better than feared, while gross margin dynamics were disappointing. With channel inv remaining lean, improving the second half of 2025 visibility and gross margin remain key driver of shares.
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