|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||96.80 - 96.81|
|52 Week Range||96.80 - 96.81|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||14.26|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
These rivals have a lot in common, but one stands head and shoulders above the other as the more exciting investment right now.
Technology is a sector that houses some of the biggest investment opportunities ever seen. In fact, outside of the banking industry, more tech companies are among the 50 largest companies in the world by market cap than any other industry, with companies like Apple Inc (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG), and Microsoft Corporation (NASDAQ: MSFT) leading the charge. At the end of the day, as technological innovation changes the way that we do just about everything, investment opportunities emerge.
NXP shares have underperformed the Philadelphia Semiconductor Index by 102 percent and peers by 73 percent in the last three years, Hettenbach said in the Wednesday upgrade note. Notwithstanding the ongoing risks in the semiconductor cycle into the second half, Hettenbach said a number of company-specific elements — leaner distribution, levers to pull on margins and relative valuation after a period of significant underpeformance —make him constructive on NXP. Given the semicycle risk, Hettenbach said he would recommend an opportunistic approach when adding to positions in NXP.
NXP to Expand Portfolio by Acquiring Marvell’s Wireless BusinessNXP to acquire Marvell’s wireless connectivity businessOn May 29, NXP Semiconductors (NXPI) announced plans to acquire Marvell Technology Group’s (MRVL) wireless connectivity
The all-cash acquisition includes Marvell’s Wi-Fi and Bluetooth technology and related assets, and will allow the automotive industry’s biggest chip supplier to offer customers a broader range of options to connect devices to the internet. "We think it’s another important foundation in our total solutions for customers: having the connectivity to go with the processing and security," NXP Chief Executive Officer Rick Clemmer said in an interview.
NXP will sell Marvell's connectivity products such as WiFi and Bluetooth along with its edge computing platforms to its clients in industrial, automotive and communication infrastructure markets. "NXP had been underinvesting in WiFi for the last few years, as it had assumed it would be able to access Qualcomm's WiFi technology, but in mid-2018, the deal collapsed," PiperJaffray analyst Harsh Kumar said. Chipmaker Qualcomm Inc agreed to buy NXP in 2016 but walked away from the $44 billion deal last year after failing to secure Chinese regulatory approval amid a bitter Sino-U.S. trade spat.
Marvell shares rose 1.17% at $21.60 on the Nasdaq Stock Market. Eindhoven, Netherlands-based NXP said it expects the assets, which generated about $300 million in revenue in Marvell's latest fiscal year, to double their associated revenue by 2022. Separately, analysts at JPMorgan reiterated their overweight rating on Marvell's stock.
The Dutch chip maker expects continued softness in the second quarter, but a more positive market environment beyond that.
did last week, NXP declined to predict a full-blown, second-half recovery for the chip industry, and added that soft Chinese demand remains a headwind, particularly for industrial chip sales. In a nutshell, NXP is benefiting not just from better-than-feared industry demand amid a cyclical downturn, but from good execution and healthy exposure (thanks to both M&A and smart R&D investments) to some fast-growing automotive, IoT and mobile chip markets.
NXP Semiconductors shares were rising Tuesday a day after the company reported impressive first-quarter results and guidance. Despite headwinds from China, the Netherlands-based semiconductor supplier for the auto industry said it expects second-quarter revenue of between $2.
The Eindhoven, Netherlands-based company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.95 per share. The results surpassed Wall ...
Dutch chipmaker NXP Semiconductors has come a long way since Qualcomm'soutsized $44 billion offer to acquire it fell through last year
NXP also signed a collaboration agreement with the Chinese firm under which Hawkeye will offer its expertise in 77Ghz automotive radar, a technology that enhances automotive safety by enabling vehicles to identify crash situations, a team of engineers and a lab complex within Southeast University in Nanjing, China, NXP said in a statement. Financial terms of the agreement were not disclosed.
Semiconductors are lagging the Nasdaq Composite today, but still solidly in the green. Yahoo Finance's Jared Blikre joins Myles Udland to break down the action in the chipmaker space, as President Trump partially walks back a tougher trade stance.