Short interest for NXP Semiconductors gives investors a sense of the degree to which investors are betting on the decline of NXP Semiconductors's stock. Short interest data is updated every two weeks.

NXP Semiconductors Stock (NASDAQ:NXPI), Short Interest Report

NXP Semiconductors

NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.

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These Analysts Boost Their Forecasts On NXP Semiconductors After Upbeat Results

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FOMC Meeting Samsung Over Takes Apple, AI Demand Indication Ahead From AMD, Amazon And Super Micro

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Shares of NXP Semiconductors NV were climbing in early trading on Tuesday, after the company reported higher-than-expected earnings for its first quarter.

NXP Semiconductors Shows Signs Of Bottoming, 5 Analysts Dive Into Q1 Results

NXP Semiconductors NV

Argus Research analyst Jim Kelleher maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and raises the price target from $260 to $300.

Argus Research Maintains Buy on NXP Semiconductors, Raises Price Target to $300

Goldman Sachs analyst Toshiya Hari maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Neutral and raises the price target from $240 to $275.

Goldman Sachs Maintains Neutral on NXP Semiconductors, Raises Price Target to $275

UBS analyst Francois-Xavier Bouvignies maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Neutral and raises the price target from $230 to $270.

UBS Maintains Neutral on NXP Semiconductors, Raises Price Target to $270

Evercore ISI Group analyst Mark Lipacis maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Outperform and raises the price target from $300 to $370.

Evercore ISI Group Maintains Outperform on NXP Semiconductors, Raises Price Target to $370

JP Morgan analyst Harlan Sur maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Neutral and raises the price target from $240 to $280.

JP Morgan Maintains Neutral on NXP Semiconductors, Raises Price Target to $280

Mizuho analyst Vijay Rakesh maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Neutral and raises the price target from $225 to $265.

Mizuho Maintains Neutral on NXP Semiconductors, Raises Price Target to $265

Truist Securities analyst William Stein maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and raises the price target from $265 to $291.

Truist Securities Maintains Buy on NXP Semiconductors, Raises Price Target to $291

NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) reported better-than-expected first-quarter <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38524110/nxp-semiconductors-shows-signs-of-bottoming-5-analysts-dive-into-q1-results">financial results, after the closing bell on Monday.</a>
NXP Semiconductors reported quarterly earnings of $3.24 per share which beat the analyst consensus estimate of $3.16 by 2.53%. Quarterly sales came in at $3.13 billion which beat the analyst consensus estimate of $3.127 billion by 0.11% and represents a 0.29% increase over sales of $3.121 billion from the same period last year, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
"NXP delivered quarterly revenue of $3.13 billion, in-line with the midpoint of guidance with all our focus end-markets performing as expected. Our first-quarter results, guidance for the second quarter, and our early views into the second half of the year underpin a cautious optimism that NXP is successfully navigating through this industry-wide cyclical downturn. We continue to manage what is in our control enabling NXP to drive solid profitability and earnings in a challenging demand environment," said Kurt Sievers, NXP President and CEO.
NXP said it sees second-quarter adjusted earnings of between $3.00 and $3.41per share, versus the $3.11 per share estimate and total revenue in a range of $3.025B billion to $3.225 billion, versus the $3.13 billion estimate.
NXP Semiconductors shares rose 3.7% to close at $256.19 on Tuesday.
These analysts made changes to their price targets on NXP Semiconductors following earnings announcement.
<ul>
<li>Needham raised the price target on NXP Semiconductors from $250 to $280. Needham analyst Quinn Bolton maintained a Buy rating.</li>
<li>Oppenheimer increased the price target on NXP Semiconductors from $250 to $295. Oppenheimer analyst Rick Schafer maintained an Outperform rating.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/05/38546448/this-analyst-with-86-accuracy-rate-sees-more-than-24-upside-in-lattice-semiconductor-here-are-5-stoc">This Analyst With 86% Accuracy Rate Sees More Than 24% Upside In Lattice Semiconductor &#8211; Here Are 5 Stock Picks For April From Wall Street&#8217;s Most Accurate Analysts</a>

Oppenheimer analyst Rick Schafer maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Outperform and raises the price target from $250 to $295.

Oppenheimer Maintains Outperform on NXP Semiconductors, Raises Price Target to $295

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Shares of semiconductor stocks are trading lower in sympathy with AMD and Supermicro, which fell after reporting quarterly earnings. Additionally, Skyworks issued Q3 revenue guidance with a midpoint below estimates.

Needham analyst Quinn Bolton maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and raises the price target from $250 to $280.

Needham Maintains Buy on NXP Semiconductors, Raises Price Target to $280

Shares of semiconductor stocks are trading lower in sympathy with AMD and Supermicro, which fell after reporting quarterly earnings.

NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) has outperformed the market over the past 10 years by 5.13% on an annualized basis producing an average annual return of 15.52%. Currently, NXP Semiconductors has a market capitalization of $65.30 billion. 
Buying $100 In NXPI: If an investor had bought $100 of NXPI stock 10 years ago, it would be worth $418.47 today based on a price of $255.00 for NXPI at the time of writing.
<h3>NXP Semiconductors's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714510817_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In NXP Semiconductors 10 Years Ago Would Be Worth This Much Today

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/04/2024-04-30_07h52_43.png" style="height:389px; width:624px" />
<h3>Samsung Overtakes Apple</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-fomc-meeting-samsung-overtakes-apple-tlt-mc-04302024">click here</a> for an enlarged chart of 20+ year iShares 20+ Year Treasury Bond ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlt#NASDAQ">TLT</a>).
Note the following:
<ul>
<li>The chart shows that bonds have fallen this year.</li>
<li>The chart shows that bonds are consolidating in the mini support zone.</li>
<li>Lower bonds mean higher yields.&nbsp;Higher yields mean lower PE ratios.&nbsp;Lower PE ratios mean lower stock prices, unless earnings rise.</li>
<li>So far, due to a strong economy because of the Fed&rsquo;s second blunder and reckless spending by the government, earnings are better than expected.&nbsp;45% of S&amp;P 500 companies have reported earnings.&nbsp;About 77% are above consensus.&nbsp;This is helping the stock market to levitate.&nbsp;We have <a href="http://blog.thearorareport.com/tesla-042924/">previously described</a> the Fed&rsquo;s second blunder.&nbsp;The Fed&rsquo;s second blunder has a major impact on your investments.&nbsp;&nbsp;</li>
<li>Just released data shows more bad news on inflation.&nbsp;Employment Cost Index came at 1.2% vs. 1.0% consensus.</li>
<li>The FOMC meeting starts today.&nbsp;FOMC will announce its decision at 2pm ET tomorrow followed by Powell&rsquo;s press conference at 2:30am ET.</li>
<li>The AI phone from Samsung Electronics Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssnlf#OTC">SSNLF</a>) is proving popular.&nbsp;Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) has lagged behind in AI.&nbsp;Institutions continue to sell AAPL stock. &nbsp;According to a just released report, Samsung has now taken over Apple as the largest provider of smart phones.</li>
<li>There are three notable earnings that investors should pay attention to:
<ul>
<li>Samsung has quadrupled its net profit due to demand from artificial intelligence.&nbsp;Its high bandwidth memory is flying off the shelves.&nbsp;Revenues for the quarter rose 13%.</li>
<li>Pharmaceutical giant Eli Lilly And Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lly#NYSE">LLY</a>) reported earnings better than the consensus and whisper numbers.&nbsp;Lilly is also raising its FY24 EPS projection to $13.50 - $14.00 from $12.20 - $12.70. Lilly&rsquo;s performance is due to strong sales of weight loss drugs Mounjaro and Zepbound.&nbsp;LLY stock is up about 6% as of this writing in the premarket.&nbsp; As full disclosure, LLY stock is in The Arora Report&rsquo;s ZYX Buy Model Portfolio.&nbsp; Members of The Arora Report now have a gain of 145% on LLY stock.</li>
<li>NXP Semiconductors NV (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxpi#NASDAQ">NXPI</a>), a leader in automotive semiconductors, reported earnings better than the consensus and whisper numbers.&nbsp;As full disclosure, NXPI is in The Arora Report&#39;s&nbsp;ZYX Buy Model Portfolio.&nbsp;NXPI is trading up over 4%&nbsp; as of this writing in the premarket.&nbsp;</li>
</ul>
</li>
<li>There will be another indication of demand for artificial intelligence after the market close when three important companies for AI report earnings &ndash; Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), and Super Micro Computer Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>).</li>
</ul>
<h3>Europe</h3>
The Eurozone economy has avoided a recession and is resilient.&nbsp; Q1 GDP came at 0.3% quarter-over-quarter vs. 0.1% consensus.
There is selling in European stocks because of the strong GDP data weighing on rate cut expectations.
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in AMZN.
In the early trade, money flows are neutral in AAPL and Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>).
In the early trade, money flows are negative in Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust&nbsp;(ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is buying stocks in the early trade.&nbsp;Smart money is inactive in the early trade.
<h3>Gold</h3>
The momo crowd is selling gold in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD).&nbsp;The most popular ETF for silver is iShares Silver Trust (ARCA:SLV).&nbsp;
<h3>Oil</h3>
The momo crowd is buying oil in the early trade. Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is trading around $61,000.&nbsp;$60,000 is a key psychological support level.&nbsp;Whales will likely try to hold bitcoin above $60,000.&nbsp;However, the momo crowd that bought bitcoin at $70,000 on hopes of bitcoin going to $100,000 after bitcoin halving is likely to panic and sell.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp;If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp;When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp;High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Shares of NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) were up Tuesday after the company reported <a href="https://www.benzinga.com/news/earnings/24/04/38504247/nxp-semiconductors-reports-better-than-expected-q1-results-issues-q2-guidance">higher-than-expected earnings for its first quarter</a>.
Here are some key analyst takeaways from the release.
<ul>
<li>KeyBanc Capital Markets analyst John Vinh cited "solid" NXP results for the first quarter</li>
<li>Cantor Fitzgerald analyst CJ Muse maintained an Overweight and price target of $290</li>
<li>Mizuho Securities analyst Vijay Rakesh reaffirmed a Neutral rating and price target of $225</li>
<li>Stifel analyst Tore Svanberg reiterated a Hold rating on the stock</li>
<li>Oppenheimer analyst Rick Schafer maintained an Outperform rating on the stock.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
KeyBanc Capital Markets: Earnings came in at $3.24 per share, Vinh noted. This beat the consensus of $3.16 per share. A gross margin of 58.2% marginally surpassed market expectations of 58%.
The company expects revenue to remain sequentially flat in the second quarter. There are "signs of stabilization and bottoming cyclical demand in industrials," the analyst wrote.
Cantor Fitzgerald: The latest results did not constitute a "blowout quarter," Muse said. Instead, they represented "a perfectly executed report and guide." There were "cyclical fears surrounding the company's Automotive/Industrial business lines," Muse added.
While commentary from other players signaled a deteriorating backdrop from three months ago, NXP Semiconductors presented "a much better-than-feared outlook, particularly given that the company's Auto biz accounts for 55-60% of revenues," the analyst says. The limelight is currently on "gauging the sustainability of demand" and a potential recovery into the back half of the year, he added.
Mizuho Securities: NXP Semiconductors guided to gross margin expansion of 50 basis points (bps) in the second quarter, "pointing to solid execution," Rakesh said in a note.
"We believe 2024E could potentially be flat y/y (vs NXPI consensus top line down 1% y/y) with NXPI cautiously optimistic on 2H24," he added.
Stifel: All end-markets performed as expected and channel inventories remained low, Svanberg said. Management guided to a revenue range with $3.125 billion at the midpoint, he added.
"With Automotive data points still mixed, we view a more concrete 2H Auto recovery remains too early to call," the analyst further wrote.
Oppenheimer: "We see industrial growing in 2H but believe auto (58% of sales) likely a drag for most of 2024 as that vertical cyclically corrects," Schafer wrote in a note. "NXPI proactively keeping channel inventory lean, now 1.6 months vs. historical 2.5 (delta represents $500M)," he added.
Direct customer inventory is expected to be cleared in the second quarter, which sets the stage for a better performance in the back half of the year, the analyst said.
NXPI Price Action: Shares of NXP Semiconductors had risen by 3.92% to $256.82 at the time of publication on Tuesday.
Now Read: <a href="https://www.benzinga.com/news/earnings/24/04/38520908/paypal-raises-future-outlook-expands-margins-amid-competitive-pressure-from-apple">PayPal Raises Annual Outlook, Expands Q1 Margins Amid Competitive Pressure from Apple</a>

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Tuesday.
Shares of Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose sharply during Tuesday's session after the company raised its <a href="https://www.benzinga.com/general/biotech/24/04/38521126/eli-lillys-weight-loss-drug-still-going-strong-boosts-annual-forecast">FY24 revenue guidance</a>.
Eli Lilly reported first-quarter revenue of $8.77 billion, up 26% year over year, marginally missing the consensus of $8.92 billion, driven by increases of 16% in volume and 10% due to higher realized prices. Eli Lilly posted an adjusted EPS of $2.58, beating the consensus of $2.46, higher than $1.62 a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Eli Lilly forecasts fiscal year 2024 sales of $42.4 billion -$43.6 billion versus prior guidance of $40.4 billion-$41.6 billion and consensus of $41.36 billion.
Eli Lilly shares surged 6.6% to $785.51 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) shares jumped 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares surged 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) rose 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) climbed 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) rose 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) rose 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) climbed 13.4% to $9.32 following strong quarterly earnings.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) gained 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares gained 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) gained 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Woodward, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) surged 8.4% to $163.77 after the company reported better-than-expected second-quarter financial results.</li>
<li>Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) gained 8.2% to $325.43  after the company reported a first-quarter earnings beat and raised its FY24 guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) climbed 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>The Timken Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) rose 7.2% to $92.96 following upbeat earnings.</li>
<li>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) climbed 7% to $33.99 following better-than-expected quarterly earnings.</li>
<li>Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) climbed 6.4% to $105.87 following strong earnings.</li>
<li>Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) gained 6% to $318.05 after the company reported better-than-expected first-quarter results, and updated FY24 guidance.</li>
<li>ACI Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIW#NASDAQ">ACIW</a>) gained 5.7% to $34.99 after the company reported better-than-expected first-quarter results.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) shares rose 5.5% to $97.25 following a first-quarter earnings beat.</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) gained 5.1% to $33.07 after the company reported better-than-expected quarterly financial results.</li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) rose 4.5% to $258.20 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Intraday Update

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Eli Lilly Increases FY24 Outlook, Joins Brinker International, Zebra Technologies, 3M And Other Big Stocks Moving Higher On Tuesday

Cantor Fitzgerald analyst C J Muse reiterates NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Overweight and maintains $290 price target.

Cantor Fitzgerald Reiterates Overweight on NXP Semiconductors, Maintains $290 Price Target

NXP Semiconductors shares are trading higher after the company reported better-than-expected Q1 financial results and issued guidance.

NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) reported its first-quarter financial results after the bell Monday. Here's a<a href="https://www.benzinga.com/pressreleases/24/04/g38502398/nxp-semiconductors-reports-first-quarter-2024-results"> look at the highlights.</a> 
The Details:
NXP Semiconductors reported quarterly earnings of $3.24 per share which beat the analyst consensus estimate of $3.16 by 2.53%.
Quarterly sales came in at $3.13 billion which beat the analyst consensus estimate of $3.127 billion by 0.11% and represents a 0.29% increase over sales of $3.121 billion from the same period last year.
Cash flow from operations was $851 million, with net capex investments of $224 million, resulting in non-GAAP free cash flow of $627 million for the quarter. 
&#8220;NXP delivered quarterly revenue of $3.13 billion, in-line with the midpoint of guidance with all our focus end-markets performing as expected. Our first-quarter results, guidance for the second quarter, and our early views into the second half of the year underpin a cautious optimism that NXP is successfully navigating through this industry-wide cyclical downturn. We continue to manage what is in our control enabling NXP to drive solid profitability and earnings in a challenging demand environment,&#8221; said Kurt Sievers, NXP President and CEO.
NXP Semiconductors will host a conference call at 8:00 a.m. ET Tuesday to discuss the results. 
Outlook:&nbsp;
NXP sees second-quarter adjusted earnings of between $3.00 and $3.41per share, versus the $3.11 per share estimate and total revenue in a range of $3.025B billion to $3.225 billion, versus the $3.13 billion estimate. 
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NXPI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, NXP shares are up 5.61% after-hours at $261.00 at the time of publication Monday.
Image: Courtesy of NXP Semiconductors N.V.

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