NXP Semiconductors NV
NXPI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$361.00 | Ccmz | Jhgsmnks |
NXP Earnings: Profitability and Well-Managed Growth Lead to Our Fair Value Estimate Raise
Narrow-moat NXP Semiconductors reported solid first-quarter results and provided investors with a nice second-quarter forecast that suggests that automotive chips are still in demand, while chip inventory levels are not spiraling out of control. We raised our fair value estimate to $290 from $240, mostly as we boosted our medium- and long-term profitability assumptions for the firm. Shares appear undervalued compared with our new fair value estimate.