ASX:NXP is under Algo Engine buy conditions. NXP Semiconductors is navigating a cyclical downturn, particularly in the Industrial, IoT and automotive markets. Despite this, we see value within the $200 – $220 price range.
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NXP Semiconductors released its Q3 FY24 on November 4th after the market close, reporting a 5% year-over-year revenue decline.
NXP Semiconductors is guiding for $3 billion-$3.2 billion in revenue for Q4, which a 9% year-over-year decline.
