- NXP Semi reported Q314 earnings.
- The stock remains a buy.
- The original investment thesis anticipated that the company
could shake off the industry warnings due to involvement in strong
With the reporting of Q314 earnings
, NXP Semiconductors (NASDAQ:NXPI)
proved that the technology sector in general and the semiconductor
category specifically is a matter of having the right products for the
current trends. The company continues to benefit from demand for
wireless base stations and mobile wallet chips. Following the massive
sell-off after the Microchip (NASDAQ:MCHP)
warning regarding a slowdown in the semi industry, investors were encouraged
in the article "NXP Semiconductor: Perfect Storm Hits Stock
to cautiously start buying NXPI around $56. During the earnings call,
the CEO provided the perfect summary of the current environment in the
Read the article
at Seeking Alpha.
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