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Update: NXP Semiconductors Reports Strong Q3 '14 Earnings

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Summary

  • 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 product cycles.
 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 semi industry:


  Read the article at Seeking Alpha.


 Disclosure: No positions mentioned. Please review the disclaimer page for more details.

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