NXP Semiconductors NV
NXPI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$669.00 | Wxgdf | Vqhqwhfpv |
NXP's Chip Demand Still Exceeds Supply, Despite Macro Concerns; $240 FVE, Shares Undervalued
Narrow-moat NXP Semiconductor reported solid second-quarter results and provided investors with a healthy third-quarter forecast considering a softening macroeconomic environment. We maintain our $240 fair value estimate and continue to view shares as undervalued.