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NXP Semiconductors Dips 12.2% in a Month: Should You Hold or Sell?

Benzinga LogoBenzinga12h ago

NXP Semiconductors Dips 12.2% in a Month: Should You Hold or Sell? - Benzinga

Quick Summary:

NXPI Shares Trading Below 50-Day SMA Image Source: Zacks Investment Research

NXP Semiconductors faces stiff competition from other well-established players in the semiconductor space, including Analog Devices (NASDAQ: ADI), Infineon Technologies, Intel (NASDAQ: INTC), Mediatek, Microchip, NVIDIA, Qualcomm, Renesas Electronics, STMicroelectronics and Texas Instruments (NASDAQ: TXN).

Nevertheless, NXPI's strong portfolio of semiconductor products, including microcontrollers, application processors, communication processors, connectivity chipsets, analog and interface devices, RF power amplifiers, security controllers and sensors, is expected to boost its long-term prospects in the automotive, industrial & Internet of Things (IoT), mobile and communication infrastructure end-markets.

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Article Details

Author / Journalist: Zacks

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 20:04:48 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 996 words

Reading Time: 6 minutes read

Sentences: 52 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22080776

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Official Website: benzinga.com

Update Frequency: 45 posts per day

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News Last Updated: 11 hours ago

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Publisher ID: #53

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