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Wells Fargo Reaffirms Their Buy Rating on NXP Semiconductors (NXPI)

Tipranks - Tipranks - Tue Mar 24, 9:26AM CDT

In a report released on March 20, Joseph Quatrochi from Wells Fargo maintained a Buy rating on NXP Semiconductors, with a price target of $265.00.

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According to TipRanks, Quatrochi is a 5-star analyst with an average return of 17.0% and a 58.51% success rate. Quatrochi covers the Technology sector, focusing on stocks such as Monolithic Power, ON Semiconductor, and Texas Instruments.

In addition to Wells Fargo, NXP Semiconductors also received a Buy from TipRanks – DeepSeek’s DeepSeek Semiconductors in a report issued on March 12. However, on March 17, Stifel Nicolaus maintained a Hold rating on NXP Semiconductors (NASDAQ: NXPI).

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Based on NXP Semiconductors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.33 billion and a net profit of $455 million. In comparison, last year the company earned a revenue of $3.11 billion and had a net profit of $495 million

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