5 Best Electric Vehicle Supply Chain Stocks to Invest In

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

On May 13, 2026, Cantor Fitzgerald analyst Matthew Prisco raised the firm’s price target on NXP Semiconductors N.V. (NASDAQ:NXPI) to $380 from $340 while maintaining an Overweight rating on the shares. The firm said the analog semiconductor cycle turned higher in Q1, supported by broad-based earnings beats and guidance increases tied to strength in industrial and data center markets. Cantor Fitzgerald added that improving pricing, lead times, and order trends point to a fifth consecutive quarter of above-seasonal growth, though the analog segment may still face challenges outperforming more AI-focused semiconductor areas.

Barclays analyst Tom O’Malley also raised the firm’s price target on NXP Semiconductors N.V. (NASDAQ:NXPI) to $340 from $295 and maintained an Overweight rating following discussions with management. The firm said the company’s growth drivers are gaining momentum, adding that NXP’s edge AI strategy is supported by the fastest-growing $1B opportunity funnel in its history.

On April 28, 2026, NXP Semiconductors N.V. (NASDAQ:NXPI) reported Q1 non-GAAP EPS of $3.05, versus the consensus estimate of $2.98. Revenue totaled $3.18B, versus the consensus estimate of $3.15B. CEO Rafael Sotomayor said the company delivered 12% year-over-year revenue growth, supported by broad-based improvement across its end markets and continued traction from company-specific growth drivers. Sotomayor added that customer adoption of NXP’s industrial and automotive processing portfolio continues to increase, particularly in areas tied to software-defined vehicles and physical AI. The company said it expects momentum to accelerate through the rest of 2026 while remaining focused on disciplined investment, margin expansion, and portfolio optimization.

NXP Semiconductors N.V. (NASDAQ:NXPI) develops and supplies semiconductor products globally across automotive, industrial, mobile, and communications markets.