NXP stock in focus: JPMorgan’s 8% stake filing lands ahead of Fed week and key chip earnings
JPMorgan Chase disclosed an 8.0% stake in NXP Semiconductors in a regulatory filing. NXP shares closed down 1.8% at $232.48 on Friday, underperforming chip sector peers. Investors await the Federal Reserve meeting Jan. 27-28, Texas Instruments’ earnings Jan. 27, and NXP’s results Feb. 2.