Published on 21 Jan 2022 on Zacks via Yahoo Finance
NXP Semiconductors (NXPI) Gains As Market Dips: What You Should Know
NXP Semiconductors (NXPI) closed the most recent trading day at $199.95, moving +0.17% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.89%. At the same time, the Dow lost 1.3%, and the tech-heavy Nasdaq lost 0.17%.
Coming into today, shares of the chipmaker had lost 12.2% in the past month. In that same time, the Computer and Technology sector lost 6.14%, while the S&P 500 lost 1.79%.
Investors will be hoping for strength from NXP Semiconductors as it approaches its next earnings release, which is expected to be January 31, 2022. On that day, NXP Semiconductors is projected to report earnings of $3.01 per share, which would represent year-over-year growth of 12.31%. Meanwhile, our latest consensus estimate is calling for revenue of $3 billion, up 19.73% from the prior-year quarter.