NXP Semiconductors Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

NXP Semiconductors N.V. NXPI is expected to release earnings results for its first quarter, after the closing bell on April 29, 2024.

Analysts expect the company to report quarterly earnings at $3.16 per share, down from $3.19 per share in the year-ago quarter. NXP Semiconductors is projected to report quarterly revenue of $3.13 billion, compared to $3 billion in the year-earlier quarter, according to data from Benzinga Pro.

On March 13, NXP Semiconductors and Impinj reached a settlement of patent litigation.

NXP Semiconductors shares rose 1.9% to close at $242.70 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.

• Evercore ISI Group analyst Mark Lipacis initiated coverage on the stock with an Outperform rating and a price target of $300 on April 16. This analyst has an accuracy rate of 78%.
• TD Cowen analyst Matthew Ramsay maintained an Outperform rating and raised the price target from $270 to $300 on March 12. This analyst has an accuracy rate of 73%.
• Truist Securities analyst William Stein maintained a Buy rating and increased the price target from $264 to $265 on Feb. 7. This analyst has an accuracy rate of 86%.
• Susquehanna analyst Christopher Rolland maintained a Neutral rating and boosted the price target from $200 to $225 on Feb. 7. This analyst has an accuracy rate of 78%.
• Mizuho analyst Vijay Rakesh maintained a Neutral rating and increased the price target from $200 to $225 on Feb. 7. This analyst has an accuracy rate of 75%.

Read More: Top 4 Materials Stocks That May Explode In Q2