NXP Semiconductors NV

NXPI: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$857.00NhbVtlpxlgk

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.

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