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Stock Analyst Update

National Semi an Anomaly among Pricey Chip Stocks

Chipmaker's fiscal fourth-quarter results were just dandy.


Finding a quality chip stock on the cheap is a tough order in today's market. National Semiconductor (NSM) might just fit the bill.

For several quarters now, National Semi has proved that its turnaround is for real. On Thursday it confirmed this once more, reporting earnings 10% better than consensus expectations. Quarterly sales growth was healthy, with revenue increasing 25% over the same period last year and 10% over the previous quarter. It's no wonder growth has picked up, since the bulk of the company's sales come from selling chips for communications equipment.

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