BofA lowered the firm’s price target on NXP Semiconductors (NXPI) to $245 from $265 and keeps a Buy rating on the shares. With Q4 results and Q1 guidance coming in slightly below for Auto and in-line for IIoT, the firm thinks investors may be concerned about limited cyclical torque in NXP’s core businesses, the analyst says. While the firm notes its EPS forecasts increase by 3% and 4%, respectively, in calendar 2026 and 2027, it cites a lower multiple for its lowered price target following earnings.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXPI:
- Balanced Risk-Reward Keeps NXP Semiconductors at Hold Amid Mixed Performance and Soft Margin Outlook
- Closing Bell Movers: Palantir rallies 6% after Q4 beat
- NXP Semiconductors sees Q1 EPS $2.77-$3.17, consensus $2.95
- NXP Semiconductors reports Q4 EPS $3.35, consensus $3.31
- STMicroelectronics completes acquisition of NXP Semiconductors MEMS business