NXP Semiconductors (NXPI) Dips 12.2% in a Month: Should You Hold or Sell?
NXPINXP(NXPI) ZACKS·2024-08-14 23:30

NXP Semiconductors’ (NXPI) shares have lost 12.2% in a month against the industry, the Zacks Computer & Technology sector and the S&P 500 index’s declines of 14.2%, 10% and 5.4%, respectively.The NXPI stock is also currently trading below its 50-day moving average, indicating a bearish trend.The company has been suffering from broad-based inventory digestion by its key customers, which makes its near-term prospects foggy. Due to inventory corrections, it also reported weak second-quarter 2024 results, where ...