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NXP Semiconductors, with symbol NXPI-Q, is heavily exposed to the automotive industry, with half of its business coming from car semiconductors. The recent auto strikes and recession fears have put pressure on the company, but some experts believe that the shares are undervalued due to low inventories and high car ages. The company is well-run and has reported solid quarters and guidance, but challenges lie ahead due to the slowing car business.
50% of business is in cars, so given the auto strikes shares are now cheaper than they should be. Inventories on car dealer lots is low, and car ages are high. So demand will be there. He likes the set up.
Down 10% this month. Half of business comes from cars, and 21% from industrials, both pressured by recession fears. Threats of an auto workers' strike doesn't help, but a strike won't last very long--Washington will force both sides to talk. They just reported a solid quarter and guidance.
Sells a lot of chips to the car industry, and the company is well run.
NXP Semiconductors is a American stock, trading under the symbol NXPI-Q on the NASDAQ (NXPI). It is usually referred to as NASDAQ:NXPI or NXPI-Q
In the last year, 4 stock analysts published opinions about NXPI-Q. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for NXP Semiconductors.
NXP Semiconductors was recommended as a Top Pick by on . Read the latest stock experts ratings for NXP Semiconductors.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered NXP Semiconductors In the last year. It is a trending stock that is worth watching.
On 2024-03-28, NXP Semiconductors (NXPI-Q) stock closed at a price of $247.66.
The car business is slowing a lot. NXPI is exposed 57% to semis in cars. Challanges lie ahead and expecations are muted.