NXP Semiconductors Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

NXP Semiconductors N.V. NXPI is projected to release financial results for its third quarter, after the closing bell on Nov. 6, 2023.

Analysts expect the company to post quarterly earnings at $3.59 per share, down from year-ago earnings of $3.81 per share. The company’s revenue might come in at $3.4 billion, compared to $3.42 billion in the year-ago period.

NXP Semiconductors reported better-than-expected financial results for its second quarter.

NXP Semiconductors shares gained 2.2% to close at $181.55 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Susquehanna analyst Christopher Rolland maintained a Neutral rating and cut the price target from $200 to $190 on Oct. 24, 2023. This analyst has an accuracy rate of 64%.
• Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating and slashed the price target from $227 to $215 on Oct. 11, 2023. This analyst has an accuracy rate of 67%.
• TD Cowen analyst Matthew Ramsay maintained an Outperform rating and raised the price target from $240 to $260 on Aug. 1, 2023. This analyst has an accuracy rate of 62%.
• Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $250 on July 31, 2023. This analyst has an accuracy rate of 80%.
• Goldman Sachs analyst Toshiya Hari maintained a Neutral rating and increased the price target from $195 to $216 on July 27, 2023. This analyst has an accuracy rate of 77%.

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