NXP Semiconductors NV
NXPI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$857.00 | Nhb | Vtlpxlgk |
NXP Earnings: Automotive Chip Demand Remains Steady; Raising Fair Value Estimate by Nearly 7%
Narrow-moat NXP Semiconductors reported healthy second-quarter results and provided investors with a solid third-quarter forecast that was modestly ahead of our prior expectations, as the company is still seeing resilient demand for automotive semiconductors. We've raised our fair value estimate to $240 per share from $225 as we’re a bit more optimistic about the near term, and we view the shares as modestly undervalued.