Report
Seth Sherwood
EUR 100.00 For Business Accounts Only

Design Activity and Content Growth Keep NXP On Track; Maintaining $115 FVE

NXP Semiconductors highlighted the strength of its design wins in the first quarter as revenue and profitability were in line with guidance. While global conditions are uncertain, we believe management's commentary and outlook suggest an improving environment. More important, we think they support our long-term thesis on NXP; thus we will maintain our $115 fair value estimate and narrow moat rating for the semiconductor giant.
NXP’s first-quarter sales totaled $2.1 billion, above the midpoint of...
Underlying
NXP Semiconductors NV

NXP Semiconductors is a holding company. Through its subsidiaries, Co. is engaged as a global semiconductor company and a long-standing supplier in the industry. Co. provides High-Performance Mixed-Signal and Standard Product solutions. Co.'s product solutions are used in automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. Co. engages with original equipment manufacturers (OEM) and sell products in all major geographic regions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Sherwood

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