NXPI Vs. ON Semiconductor: Stability Vs. Growth Potential In A Volatile Market
Portfolio Pulse from Surbhi Jain
The semiconductor industry has seen significant fluctuations, with NXP Semiconductors NV (NASDAQ:NXPI) showing stability and growth, while ON Semiconductor Corp (NASDAQ:ON) presents higher growth potential despite recent declines. Analysts have set price targets indicating potential upsides for both stocks.
May 28, 2024 | 6:05 pm
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POSITIVE IMPACT
NXP Semiconductors NV (NXPI) has shown stability with a 53% rise in the past year. Analysts have set an average price target of $318.33, implying a 13.18% upside. Mizuho Securities upgraded NXPI to a Buy rating with a price target of $325, reflecting confidence in its potential to benefit from improving cyclical trends into 2025.
NXPI's strong performance and positive analyst ratings, including an upgrade to Buy and a raised price target, indicate a likely short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ON Semiconductor Corp (ON) has declined 11.5% in the past year but offers a higher growth potential with an average price target of $90, suggesting a 20.35% upside. Analysts maintain a Buy rating with a price target of $87, viewing the June quarter as a potential bottom driven by long-term electrification trends.
Despite recent declines, ON's higher growth potential and positive analyst ratings suggest a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100