Raymond James raised the firm’s price target on NXP Semiconductors (NXPI) to $300 from $250 and keeps an Outperform rating on the shares. NXP Semiconductors reported solid March quarter results, broadly in line with guidance and skewed toward the high end, with meaningful contribution from secular growth areas such as software-defined vehicles, physical AI, and industrial IoT, the analyst tells investors in a research note.
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