NXP Semiconductors Stock (NXPI): $170 Price Target From UBS

By Amit Chowdhry ● Dec 8, 2021
  • The shares of NXP Semiconductors NV (NASDAQ: NXPI) have received a price target of $170 from UBS. These are the details.

The shares of NXP Semiconductors NV (NASDAQ: NXPI) have received a price target of $170 from UBS. And UBS analyst Francois-Xavier Bouvignies initiated coverage of NXP Semiconductors with a “Sell” rating.

Bouvignies noted that the company will remain a leader in its product categories with a solid business. But Bouvignies sees the automotive division’s growth underperforming the automotive semis market due predominantly to a relatively lower content opportunity in electronic vehicles compared to their peers.

And as NXP Semiconductors currently trades at an 8% discount to the sector vs. 20% on average historically, Bouvignies believes this potential underperformance is not priced in.

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