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NXP Semiconductors NV NXPI

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Morningstar’s Analysis

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PREMIUM

5-Star Price

PREMIUM

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PREMIUM

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PREMIUM

NXP Semi Remains Optimistic in the Near Term, Thanks to Auto & Mobile; Raising FVE to $150

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

Narrow-moat NXP Semiconductor reported solid third-quarter results consistent with its positive earnings preannouncement on Oct. 8, while the firm’s fourth-quarter outlook was ahead of our prior expectations. Management remains upbeat about near-term demand, including 2021, especially regarding its mobile chip business as the firm’s ultra wideband connectivity solutions are rapidly gaining adoption within newer smartphones. We raise our fair value estimate to $150 from $130, and with shares trading around $134, we view shares as slightly undervalued.

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Company Profile

Business Description

NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.

Contact
60 High Tech Campus, P.O.Box 80073
Eindhoven, 5656 AG, Netherlands
T +31 402729999
Sector Technology
Industry Semiconductors
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 29,400

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