12 AI News and Ratings You Should Not Miss

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8. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 52    

NXP Semiconductors N.V. (NASDAQ:NXPI) is a Dutch company that designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking. The company plays a key role in AI through its automotive chips, microcontrollers, and machine-learning platforms that enable autonomous vehicle systems, edge computing, and more.

On November 6, Truist analyst William Stein lowered his price target on NXP Semiconductors N.V. (NASDAQ:NXPI) to $252 from $287 and kept a “Buy” rating on the shares. The analyst wrote in a research note that NXP’s third-quarter results met expectations, but it’s the fourth-quarter forecast that is slightly lower than what experts had predicted. NXP isn’t the only one guiding lower than expectations, as most semi/component companies are facing challenges. The firm further added that the company’s sales and margins should benefit from new products and manufacturing capacity when cyclical demand recovers.

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