Nuveen Select Tax-Free Income Portfolio (NXP) Stock

MUNICH, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Electronica -- NXP Semiconductors N.V. (NASDAQ: NXPI), the trusted partner for innovative solutions in the automotive market, has unveiled its new, industry-first wireless battery management system (BMS) solution with Ultra-Wideband (UWB) capabilities from one of the industry's broadest UWB portfolios. The new UWB BMS solution marks the next step in overcoming development challenges including costly and complex manufacturing processes, accelerating the adoption of electric vehicles (EVs).

NXP Semiconductors NASDAQ: NXPI share price action in 2024 is weighed down by headwinds, but the long-term uptrend is intact. The headwinds include macroeconomic pressure and weakness in critical semiconductor end markets, which the company cannot control.

NXP Semiconductors NV forecast fourth-quarter revenue below estimates on Monday, as it anticipates uncertain demand and broader macroeconomic weakness in Europe and the Americas.

NXP Semiconductors N.V. NXPI will release earnings results for its third quarter, after the closing bell on Monday, Nov. 4.

Building on years of collaboration, this new process technology collaboration will provide power-efficient and secure connectivity solutions for essential consumer and industrial applications manufactured both in Europe and the U.S. Building on years of collaboration, this new process technology collaboration will provide power-efficient and secure connectivity solutions for essential consumer and industrial applications manufactured both in Europe and the U.S.

NXP's Trimension NCJ29Dx family is the technology foundation for Audi's advanced new UWB platform, delivering precise and secure real-time localization.

EINDHOVEN, The Netherlands, Oct. 15, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI), the worldwide leader in automotive processing and networking, has introduced the new S32J family of high-performance Ethernet switches and network controllers.

EINDHOVEN, The Netherlands, Oct. 10, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will release financial results for the third quarter 2024 after the close of normal trading on the NASDAQ Global Select Market on Monday, November 4, 2024. The company will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:00 a.m. U.S. Eastern Standard Time (EST).

I reiterate a ‘Buy' rating for NXP Semiconductors, with a fair value of $255 per share, despite current automotive semi market challenges. NXP's partnership with Vanguard to build a 300mm wafer manufacturing facility in Singapore could add $4 billion in incremental revenue. Inventory destocking in the automotive semi market is expected to persist but should moderate by Q4, with a recovery anticipated in FY25.