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NXP Semiconductors (NXPI) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Tue Jun 9, 6:36AM CDT

Bernstein analyst Stacy Rasgon maintained a Hold rating on NXP Semiconductors today and set a price target of $270.00.

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Rasgon covers the Technology sector, focusing on stocks such as Broadcom, Advanced Micro Devices, and Nvidia. According to TipRanks, Rasgon has an average return of 36.5% and a 68.42% success rate on recommended stocks.

Currently, the analyst consensus on NXP Semiconductors is a Moderate Buy with an average price target of $297.18.

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Based on NXP Semiconductors’ latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $3.18 billion and a net profit of $1.12 billion. In comparison, last year the company earned a revenue of $2.84 billion and had a net profit of $490 million

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