Goldman Sachs has recently upgraded NXP Semiconductors’ stock rating. The decision was influenced by several key statistics. NXP’s revenue for the last quarter was $3.12 billion, marking a 9% increase year-over-year. Their earnings per share (EPS) also saw a significant rise, up by 15% to $3.43. The company’s automotive sector, which accounts for 55% of its revenue, grew by 12%. Moreover, NXP’s free cash flow increased by 22% to $1.1 billion. These figures reflect NXP’s robust financial health and growth potential, leading Goldman Sachs to revise their outlook on the company’s stock.
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