- 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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