NXPI stock rose in after-hours trading on January 31, 2022, after the company reported a 28% increase in revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... YoY.
NXP Semiconductors Reports Fourth Quarter and Full-year 2021 Results
NXP Semiconductors reported Q4 EPS of $2.24 versus the consensus estimate of $2.99. The company reported Q4 revenue of $3.04B versus the consensus estimate of $3B.
“NXP delivered full-year record revenue of $11.06 billion, an increase of 28 percent year-on-year, with demand accelerating across all of our focus end-markets throughout the year. In the fourth quarter, revenue was $3.04 billion, an increase of 21 percent year-on-year, above the mid-point of our guidance range. In review, 2021 was an excellent year for NXP. We experienced significant design win traction across the entire portfolio and especially within the areas of our strategic growth drivers. The engagement and performance of our employees has been truly outstanding, we are extremely proud of their adaptability, dedication and hard work in the face of adversity. We continue to see growing customer demand, outstripping supply, as inventory across all end markets remains very lean. Taken together, this underpins our continued confidence of robust growth throughout 2022,” said Kurt Sievers, NXP president and CEO.
NXP Semiconductors downgraded to Neutral from Overweight at Piper Sandler
On January 20, 2022, Piper Sandler analyst Harsh Kumar downgraded NXP Semiconductors to Neutral from Overweight with a price target of $210, down from $235. The analyst is cautious on the broader automotive sector saying the pace of orders and strong pricing “may come into question” as supply normalizes in the second half of 2022. . Once supply and demand hit parity, it will likely result in a slower pace of orders compared to the pace seen over the last few years, Kumar tells investors in a research note. With roughly half of its revenue tied to the automotive market, NXP “is most at risk in our coverage universe,” says the analyst.
NXP Semiconductors price target raised to $250 from $230 at Barclays
On January 12, 2022, Barclays analyst Blayne Curtis raised the firm’s price target on NXP Semiconductors to $250 from $230 and keeps an Overweight rating on the shares. The analyst sees “positive outlooks providing some relief” for the semiconductor group but still struggles with “just how much upside is left as cyclicality still looms for many names.”
📺 NXP Semiconductor CEO: Making Driving Safer | Mad Money | CNBC[embedyt] https://www.youtube.com/watch?v=HvPvBPyZyWY[/embedyt]
📉 NXPI Stock Technical Analysis
The short-term trend is negative, as is the long-term trend. NXPI is part of the Semiconductors & Semiconductor Equipment industry. There are 107 other stocks in this industry, NXPI did better than 58% of them. NXPI is currently trading in the middle of its 52-week range. This is in line with the S&P500 Index, which is also trading in the middle of its range. Volume is considerably higher in the last couple of days.
There is a support zone ranging from 200.56 to 203.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame. There is a support zone ranging from 188.62 to 190.11. This zone is formed by a combination of multiple trend lines in multiple time frames. There is also a support zone ranging from 182.78 to 183.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
There is a resistance zone ranging from 224.28 to 232.88. This zone is formed by a combination of multiple trend lines in multiple time frames. There is also resistance at 238.90 from a horizontal line in the daily time frame.
NXPI has a poor technical rating and the quality of the setup is also only medium at the moment. NXPI stock has a Setup Rating of 5 out of 10. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when NXPI stock consolidates and has a Setup Rating of 8 or higher.