NXP Semiconductors NV
NXPI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$884.00 | Lrtx | Rgymthh |
NXP Semiconductors Earnings: Few Surprises and Resilient Automotive Revenue; Shares Undervalued
Narrow-moat NXP Semiconductors reported solid third-quarter results and we're encouraged by the firm's resilient revenue guidance for the December quarter. We maintain our $240 fair value estimate and view shares as undervalued for long-term, patient investors willing to ride out some relatively bumpy conditions in near-term semiconductor demand.