NXP Semiconductors (NXPI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
NXP Semiconductors declined 1.74% to $223.87, underperforming the S&P 500's 0.58% loss. Despite a 2.4% monthly decline, the company is expected to report strong earnings growth of 32.8% YoY and revenue growth of 18.52% YoY. The stock trades at a discount with a Forward P/E of 15.03 versus the industry average of 35.99, and holds a Zacks Rank #3 (Hold) rating.