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Stock Analyst Update

National Semi's Dog Days Appear to Be Over

Improved results mean the chip company's shares are worth a look.

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National Semiconductor (NSM) might be one of the few reasonably priced semiconductor companies left in today's market.

Because of its lackluster performance over the last few years, National Semi has resided in the doghouse for good reason. But by handily beating consensus earnings estimates for the second consecutive quarter, the company is showing tangible signs that its days of underperformance are behind it. And best of all, unlike most chip stocks today that possess nosebleed valuations, National Semi is still somewhat cheap.

Jeremy Lopez does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.