NXP Semiconductors (NASDAQ: NXPI) is set to report earnings, with analysts expecting a 7.2% revenue decline to $2.90 billion and adjusted earnings of $2.66 per share. The majority of analysts have reaffirmed their estimates, anticipating the company to meet expectations. In comparison, peers like Micron and Penguin Solutions have reported revenue growth of 36.6% and 7.9% respectively. Investor sentiment in the semiconductor sector has been positive, with share prices up 10.4% on average over the last month. NXP Semiconductors is up 8.1% and has an average analyst price target of $247.22.

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