NXP Semi: Minor Disappointment With Hidden Upside
NXP Semi reported solid Q1 numbers that were a minor disappointment from original post merger expectations.
The company is aggressively buying stock again despite forecasts that aren't so positive.
The stock is a bargain with some hints that the company is low-balling the upside potential.
While NXP Semiconductors (NASDAQ:NXPI) generated Q1 results that exceeded analyst estimates, the general tone of the results were a minor disappointment. At the time of the merger, analysts expected significantly higher numbers in 2016 and beyond.
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