NXPI - NXP Semiconductors N.V.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
97.96
+0.84 (+0.86%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close97.12
Open97.54
Bid97.59 x 900
Ask98.10 x 800
Day's Range96.48 - 98.63
52 Week Range67.62 - 108.51
Volume2,603,408
Avg. Volume4,014,093
Market Cap27.936B
Beta (3Y Monthly)1.45
PE Ratio (TTM)14.43
EPS (TTM)6.79
Earnings DateJul 29, 2019
Forward Dividend & Yield1.00 (1.04%)
Ex-Dividend Date2019-06-13
1y Target Est115.21
Trade prices are not sourced from all markets
  • 5 Self-Driving Car Stocks to Buy
    InvestorPlace2 days ago

    5 Self-Driving Car Stocks to Buy

    [Editor's note: "5 Self-Driving Car Stocks to Buy" was previously published in May 2019. It has since been updated to include the most relevant information available.]Full-blown autonomous driving won't be here tomorrow, but it's certainly on the way. The technology has drawn mixed emotions from consumers. Some don't trust it and aren't excited for a computer to navigate the vehicle that they're in. Others are embracing the technology and can't wait for it to happen. That's one reason they're looking for self-driving car stocks to buy.For all the doubters out there, though, please realize this technology is coming. I know this for two reasons: that it will save lives and save money. Almost 40,000 people die in the United States each year due to automotive accidents, an unacceptable level of fatalities. My hope is that one day we look back and say we can't believe how high that number used to be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUltimately, self-driving cars will cut that number down. It's why we have hundreds of companies collectively pouring billions of dollars into the solution. It will increase productivity, improve safety and decrease logistics costs. Simply put, it would be crazy to ignore this opportunity. * 10 Retirement Stocks That Won't Wilt in a Bear Market With that said, let's examine some autonomous car stocks to buy.Source: Waymo Alphabet (GOOGL,GOOG)Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) should be considered the leader of the self-driving car movement. It's the first major company that devoted major dollars to establishing a program for an autonomous fleet and it's no surprise that it's still the leader a decade later.After launching its own segment, Waymo, the company has seen the unit's valuation soar. More than one analyst has pegged its valuation at more than $100 billion. Morgan Stanley analysts hold the top valuation mark for now, saying Waymo could be valued at up to $175 billion.It operates the only commercial autonomous vehicle program in the country and has plans to expand globally. Waymo is also eyeing the semi truck market for its autonomous vehicle services and licensing to automakers isn't out of the question down the road.Simply put, this company is leading the pack. If you want exposure to just one company with a rock-solid balance sheet and exposure to self-driving cars, GOOGL is the stock to buy.Source: Shutterstock General Motors (GM)Widely considered in second place for autonomous driving commercial services in the U.S. is Cruise, a subsidiary of General Motors (NYSE:GM).GM acquired Cruise for roughly $1 billion in August 2016. Following investments from SoftBank and Honda (NYSE:HMC) in 2018 though, the valuation has soared all the way up to $14.6 billion. Talk about a return on investment. GM CEO Mary Barra has proven she can lead an innovative team while also making savvy acquisitions when needed.Cruise gives GM a viable commercial autonomous taxi option for the future, while the company's own self-driving technologies -- like Super Cruise in its Cadillac line -- have proven to be an industry leader as well. GM is among those fighting for a spot at the top when it comes to autonomous driving and that shouldn't come as a surprise. * 10 Retirement Stocks That Won't Wilt in a Bear Market Just when everyone wants to dump the automaker, it comes out with strong guidance for the quarter and for fiscal 2019. Then it tops Q4 estimates and reiterates guidance. The valuation is low with a single-digit P/E ratio and the dividend is high with a 3.9% yield. GM could be a good stock to buy if it sees a large pullback this year.Source: Shutterstock Nvidia (NVDA)After making its name in gaming and computer chips for years, Nvidia (NASDAQ:NVDA) quickly found itself in the dog house, falling about 50% in the fourth quarter. What a brutal beating for investors. Nvidia stock then recovered in Q1, but has since retreated againHowever, it gives investors -- particularly those looking for self-driving car stocks to buy -- an opportunity to invest in a long-term theme on the cheap. Despite the drumming Nvidia has received following its inventory-related issues, there's no denying its position among the autonomous driving leaderboard.Unlike GM and Waymo though, Nvidia does not have its own autonomous taxi service. Instead, it's building hardware and software solutions for hundreds of customers focused on self-driving cars. Put simply, it requires a mind-boggling amount of input and power to operate a self-driving vehicle. Whether it's an automaker, research team or startup, many of these companies are leaning on Nvidia as the backbone to their self-driving aspirations.As such, Daimler (OTCMKTS:DDAIF), maker of Mercedes-Benz, has partnered with Nvidia for its autonomous driving and self-driving taxi ambitions. Look for automotive revenue to continue increasing for the foreseeable future for Nvidia.Source: stargazer2020 via Flickr Intel (INTC)Like Nvidia, Intel (NASDAQ:INTC) is not building its own autonomous driving platform. However, the company is working on components that will help other companies build its own self-driving systems.Various chips are on the way and Intel's $15.3 billion acquisition of Mobileye is helping lead its charge. The company made the costly acquisition in order to bolster its portfolio in the automotive segment and give itself a chance in the self-driving car race.While Intel may not get much of the spotlight, it is worth mentioning the company's advances. During the Autonomous Vehicles 2018 conference in Detroit, MI. In August, I witnessed the company's breakdown of its Responsibility-Sensitive Safety program (RSS). Acting as a reactionary system for autonomous driving, it helps improve safety and mitigate risk. It's not perfect, but it was an impressive program to watch at work.Intel also has deals in the pipeline. In 2018, Intel agreed that it will supply its relatively new EyeQ5 chip in 8 million vehicles for a so-far unnamed European automaker. The deal won't begin until 2021 and while the terms weren't disclosed, 8 million cars is a lot of vehicles. Consider that U.S. consumers buy about 17 million new models per year. * 10 Retirement Stocks That Won't Wilt in a Bear Market In other words, Intel has a future in the autonomous driving space, making it a good stock to buy.Source: BlackBerry BlackBerry (BB)This list doesn't have to be five stocks long -- it could be 25 without an issue. There are so many companies involved, many don't even realize it. There's cloud and data companies, automakers, semiconductor manufacturers, OEM suppliers, chip makers and a long list of others that are involved.That said, we could have listed Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) for its Apollo driving program, NXP Semiconductor (NASDAQ:NXPI) and a whole host of others. But let's talks about BlackBerry (NYSE:BB) because it doesn't get much love when talking about self-driving car stocks to buy.BlackBerry is a software and security play. After talking up Jarvis at last year's Detroit Auto Show (in 2018), the discussion has admittedly faded somewhat. However, BlackBerry is already in tens of millions of vehicles and is partnering with some of the largest automakers in the world. When -- not if -- autonomous driving hits its stride, security will be one of the top concerns for automakers.With BlackBerry having an excellent reputation in this regard, it will be (and to some extent, already is) a go-to stock to buy in automotive software security. Autonomous vehicles are essentially computers on wheels and that's a big deal for a company like BlackBerry, making it a good stock to buy.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 5 Self-Driving Car Stocks to Buy appeared first on InvestorPlace.

  • Motley Fool4 days ago

    Better Buy: NXP Semiconductors vs. Texas Instruments

    These rivals have a lot in common, but one stands head and shoulders above the other as the more exciting investment right now.

  • NXPI vs. SLAB: Which Stock Is the Better Value Option?
    Zacks4 days ago

    NXPI vs. SLAB: Which Stock Is the Better Value Option?

    NXPI vs. SLAB: Which Stock Is the Better Value Option?

  • Why Dividend Hunters Love NXP Semiconductors N.V. (NASDAQ:NXPI)
    Simply Wall St.5 days ago

    Why Dividend Hunters Love NXP Semiconductors N.V. (NASDAQ:NXPI)

    Dividend paying stocks like NXP Semiconductors N.V. (NASDAQ:NXPI) tend to be popular with investors, and for good...

  • 4 Internet of Things Stocks That Will Connect Investors to Profit
    InvestorPlace5 days ago

    4 Internet of Things Stocks That Will Connect Investors to Profit

    [Editor's note: "4 Internet of Things Stocks That Will Connect Investors to Profit" was previously published in January 2019. It has since been updated to include the most relevant information available.]As the reach of wireless expands, the Internet of Things -- or IoT -- promises to become one of the more robust niches in tech over the next few years. As such, Internet of Things stocks should prosper along with the industry.Semiconductor firms play an essential role in the growth of the IoT industry. However, due in large part to factors not related to IoT, many of the best semiconductor stocks have seen their values drop dramatically in recent months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip While this may put off some investors, many Internet of Things stocks now trade at valuations so low that they could become the best stocks in tech once a recovery begins. With low valuations, a potential for growth, and their critical roles in IoT, these four stocks appear well positioned to benefit investors: AT&T (T)AT&T (NYSE:T) stands in a uniquely strong position in the 5G market. Assuming T-Mobile (NASDAQ:TMUS) succeeds in acquiring Sprint (NYSE:S), Verizon (NYSE:VZ), AT&T, and T-Mobile will form a "Big Three" of wireless. Given the tens of billions in cost it takes to build a 5G network, the market will likely not see new entrants. Hence, most IoT devices will eventually run on services provided by one of these firms.I chose AT&T primarily because it maintains the lowest forward P/E ratio -- 9.3 -- and has the largest dividend yield -- currently 6% -- among the three.To a degree, T stock has become cheap for a reason. Unlike its other major peers, it has taken on tens of billions in debt to acquire a sizable media content library. Investor skepticism about this move likely explains the lower P/E ratio.Admittedly, I do not know if this strategy will succeed. What I do know is that AT&T can sell the content library if that business line fails. Also, with the oligopoly forming in the nascent 5G industry, chances of failure in that niche are near zero. Hence, I feel okay with collecting a 6% dividend while waiting for this approach to play out. Once AT&T finds their path to success, the P/E ratio should catch up to that of its peers. Due primarily to its 5G network, AT&T should eventually become one of the more successful Internet of Things stocks. NXP Semiconductor (NXPI)NXP Semiconductor (NASDAQ:NXPI) takes its place among Internet of Things stocks on many levels. The firm's work in chips for automotive, consumer, and industrial applications means IoT plays a critical role in the company's products. Through IoT, it connects devices ranging from cars to health monitors to drones.As a result, NXPI stock appears more immune to the chip glut that has hurt profit growth for many semiconductor companies. However, despite this immunity, the market has punished NXPI stock. It fell for most of 2018, losing over 35% of its value since hitting its all-time high in February. Granted, the failed takeover attempt by Qualcomm hurt the stock as well. However, with a forward P/E of 10.8, Wall Street values it as if it were being hit by the chip glut. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Analyst forecasts indicate otherwise. For 2019, on average, they predict 10% profit growth. They think NXPI will see double-digit profit increases in 2020 as well. Moreover, as 5G networks launch in earnest in 2020, and self-driving cars take to the roads, IoT should take off exponentially. This should propel NXPI stock to more gains. With a market cap of $28.3 billion, its story has only just begun. Once the market notices the continued profit growth of NXPI, I doubt the P/E will remain so low for long. Qualcomm (QCOM)In recent years, Qualcomm (NASDAQ:QCOM) seems better known for its failed attempt to take over NXP or its court battles with Apple (NASDAQ:AAPL). However, Qualcomm has led the way in connectivity for decades. That has helped to make QCOM one of the leading Internet of Things stocks.Even without 5G, Qualcomm has already shipped over 1 billion IoT devices. The firm offers turnkey IoT solutions. Also, its latest 5G-compatible Snapdragon processor will further strengthen its IoT presence.IoT could also lead a recovery in long-suffering QCOM stock. QCOM has lost one-third of its value since reaching a multi-year high in 2014.Years of pain have taken its forward P/E to about 14.75. But analysts forecast a return of profit growth next year, as they expect its profit to increase by 35%. Forecasts also indicate double-digit earnings increase will continue after 2020.Investors should also take QCOM seriously as a dividend stock. It has hiked its payout for eight straight years. The company will pay $2.48 per share this year, amounting to a yield of nearly 3.3%. Even if the stock languishes, stockholders earn a decent return while they wait for a recovery. Hence, with a low valuation and a recovery in profits forecast, QCOM could become one of the more lucrative IoT stocks. Skyworks Solutions (SWKS)At first glance, Skyworks Solutions (NASDAQ:SWKS) may not stand out from other Internet of Things stocks. Like most IoT players, SWKS specializes in chips designed for RF and mobile communications. Its IoT chips appear in smartphones, wearables, appliances, medical devices, and many other areas. SWKS also provides IoT in the world's industrial and wireless infrastructure.Despite decades of trading history, IoT has put SWKS stock on the map. It traded in the single-digits for years after the dot-com bubble burst. However, it had risen as much as 28-fold from its 2009 low before pulling back in 2018.Like most of its peers, SWKS suffered as a chip shortage quickly became an oversupply situation. SWKS stock has fallen 20% from its 52-week high. Like other Internet of Things stocks, the decline appears overdone. Thanks to the dropoff, SWKS stock trades at just 12 times the consensus forward earnings estimate. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Profits also appear positioned to recover once the industry works off the glut in available chips. For next year, Wall Street analysts, on average, forecast profit growth of 6.8%. They also believe those increases will reach the double-digits in future years. The move to 5G should ensure this growth continues. With few companies offering such a value proposition at so low of a P/E ratio, SWKS should see increased interest from investors in the near future.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 4 Internet of Things Stocks That Will Connect Investors to Profit appeared first on InvestorPlace.

  • Markit5 days ago

    See what the IHS Markit Score report has to say about NXP Semiconductors NV.

    NXP Semiconductors NV NASDAQ/NGS:NXPIView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for NXPI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NXPI. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold NXPI had net inflows of $3.38 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • A $4.2 Billion Bid to Crash a Private Equity Party Fails
    Bloomberg5 days ago

    A $4.2 Billion Bid to Crash a Private Equity Party Fails

    (Bloomberg Opinion) -- Just what is AMS AG up to?On Monday, the supplier to Apple Inc. made a short-lived, 3.7 billion-euro ($4.2 billion) effort to snatch Osram Licht AG from private equity firms Bain Capital and Carlyle Group LP, which had sewn up a lower-priced takeover of the German lighting-maker earlier this month.The abortive effort will underscore investor concerns about the company’s strategy under Chief Executive Officer Alexander Everke. The former NXP Semiconductors NV executive has spent billions of dollars trying to position AMS to capitalize on demand for new sensing technology used in the iPhone’s Face ID recognition system. But after his three years at the helm, the stock is trailing peers Finisar Corp. and Lumentum Holdings Inc.The flirtation with Osram was short and not particularly sweet. At 5:52 p.m. in London, Bloomberg News reported that AMS had made an offer for the Munich-based firm, some 11 days after Osram’s board accepted the private equity firms’ 3.4 billion-euro bid. Within 15 minutes, the target released a statement confirming it had received a non-binding offer from AMS. The company dismissed “the probability of this transaction materializing as rather low.” By midnight, AMS declared it was ending the takeover talks.Maybe the approach was an attempt to get a closer look at Osram’s books, or its 3-D sensing technology. If it was, then full credit to the lighting giant for calling Everke’s bluff, since financing for AMS’s bid wasn’t yet fully in place. While Osram said it would let the bidder perform due diligence, it was quick to emphasize that it could only do so under strict conditions.If it was a serious bid, then AMS shareholders have every right to feel bewildered. The target largely operates in the slowing automotive market, so would have hardly offset stagnating smartphone sales. Concern that the company may be more open to outsized and strategically questionable dealmaking than investors assumed helped to push the stock down by as much as 4.6% on Tuesday morning.Everke would have been asking for a lot of faith from investors to finance the deal. The company was planning to sell new stock – but would still have been left with net debt equivalent to about 27 times this year’s predicted free cash flow. This would have tried investor patience, which has already been sorely tested. AMS has spent $2 billion over three years buying companies and expanding production capacity to secure a dominant position supplying components for 3-D scanners in the latest generation of iPhones, only for sales of the handsets to promptly slow. AMS shares are 66% below their 2018 peak.In 2017, Everke predicted 2019 sales would exceed $2.7 billion, with an Ebit margin of at least 30%. After scrapping its dividend and year-ahead guidance figures in May, analysts now expect the company to report a 10% Ebit margin on sales of just $1.9 billion. Communication from management has been particularly poor, according to Hauck & Aufhaeuser Privatbank analyst Robin Brass.Everke’s short-lived move on Osram looks like a shot in the dark. If his big bet on smartphones isn’t paying off, he needs to shed some light on what his new strategy is.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • InvestorPlace6 days ago

    Qualcomm Is an Attractive Chip Stock to Buy

    Qualcomm (NASDAQ:QCOM) has been a wild, up-and-down ride for the past three years, which has probably left some long-term investors investors feeling a bit queasy.Source: Shutterstock First, there was a lot of volatility in the stock because of the failed NXP Semiconductor (NASDAQ:NXPI) acquisition. Then there were ongoing issues with Apple (NASDAQ:AAPL), that were raging until earlier this year when they were finally resolved. Both companies dropped all lawsuits involved at the time. But the combined volatility from all this uncertainty has provided investors multiple opportunities to go long over the past three years.Going forward, given the clarity the company now has with the Apple dispute done and over with, Qualcomm has the opportunity to return to being a stellar dividend growth stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips QCOM Stock and the Chip Sector Dividend YieldWhen looking at the major players in the chip sector, Qualcomm has the second highest dividend yield only to Broadcom (NASDAQ:AVGO). * 7 Dependable Dividend Stocks to Buy I think I'd give the edge to Qualcomm over Broadcom right now because of the fact that Broadcom is still digesting the nearly $19 billion CA Technologies acquisition that closed in November 2018.Symbol Company Dividend Yield AVGO Broadcom 3.7% QCOM Qualcomm 3.3% TSM Taiwan Semiconductor 3% MXIM Maxim Integrated Products 3% TXN Texas Instruments 2.6% SWKS Skyworks Solutions 1.9% ADI Analog Devices 1.9% MCHP Microchip Technology 1.6% STM STMicroelectronics 1.4% XLNX Xilinx 1.2% NXPI NXP Semiconductors 1% NVDA Nvidia 0.4% AMD Advanced Micro Devices NA Source: FinViz Increasing Cash Flows & Share RepurchasesAn attractive aspect for Qualcomm, as I mentioned above, is the fact the Apple dispute is over and the deal the two companies struck will allow Qualcomm to return to a point where they are generating higher cash flows than they are now.As you can see in the chart below, cash flows have been trending down for years as the saga has gone on and now I expect that trend will reverse.ZacksAn additional positive aspect for Qualcomm is they used a large portion of the cash they had accumulated to repurchase a massive amount of stock. Shares outstanding for Qualcomm are down nearly 18% year-over-year, which will help support future dividend growth. Technical Outlook for QCOM Stock Click to Enlarge The technical outlook for Qualcomm is appealing because the stock is near the midpoint of the range that it has traded in this year. With the drop that occurred last week, shares are right near the 38.2% retracement level.In addition, many times when a stock has a large gap up, it will retrace and "fill the gap."As you can see in the chart, shares of Qualcomm gapped up from $70 to $79 on April 17. The $70 level is right in the buy zone between the 50% level of $69 and the 38.2% level of $74 would be a quality entry point. Bottom LineThe bottom line for Qualcomm is cash flows should be increasing going forward. When the potential for increasing cash flows is combined with a significantly lower share count, Qualcomm can support a strong pace of dividend growth forward. Shares are right near a level of technical support and a quality buy zone, which makes any weakness in the stock an opportunity.As of this writing, Brad Kenagy holds a position in NXP Semiconductor. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Qualcomm Is an Attractive Chip Stock to Buy appeared first on InvestorPlace.

  • Why Big Tech Stock Buybacks May Be Slowing
    Investopedia7 days ago

    Why Big Tech Stock Buybacks May Be Slowing

    Heavy buyback action has contributed to outperformance by tech stocks in 2019, but the cash available for future share repurchases is running low.

  • GuruFocus.com9 days ago

    Dodge & Cox Boosts Stake in Microchip Technology

    Firm makes a real-time trade in Arizona-based semiconductor manufacturer Continue reading...

  • Benzinga10 days ago

    Tech Stocks To Watch Closely

    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.

  • Why Impinj Shares Rose More Than 15% in June
    Motley Fool11 days ago

    Why Impinj Shares Rose More Than 15% in June

    The RFID chip maker is starting to show signs of a turnaround.

  • Inventory and Trade Victories Mean Smooth Sailing for Micron Stock
    InvestorPlace16 days ago

    Inventory and Trade Victories Mean Smooth Sailing for Micron Stock

    After spending much of June stuck in the $32 - $34 range, shares of Micron (NASDAQ:MU) broke out and traded in the $40 range when the company reported third-quarter 2019 results. And when the U.S. agreed at the G20 meeting to back down on banning Huawei products, this sent semiconductor chip stocks flying higher. How much more upside does Micron stock have from here?Source: Shutterstock Markets fretted over the supply glut and weak demand and investors took out their frustration on Micron stock. But in the third quarter, Micron highlighted the strong long-term growth outlook for memory and storage, driven by AI, G5, IoT, and autonomous (ADAS) vehicles.The bright outlook suggests NXP Semiconductors N.V. (NASDAQ: NXPI) is well-positioned as it sells chips to the ADAS markets. Qualcomm Incorporated (NASDAQ: QCOM) is also poised to resume growth in the long-term as smartphone makers move to 5G.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks to Buy That Are Down in 2019 Market Equilibrium for MicronAfter customers corrected inventory levels to align with demand, Micron now expects most end markets will return to healthy DRAM demand growth for the rest of 2019.NAND bit demand is also increasing for the same reason. Also, to align its output with the lower demand levels, Micron is cutting capex in the second half of the calendar year. This will have an impact on industry supply and will benefit all players.Lower pricing pressures will support EBITDA margin improvements. In the third quarter, Micron's EBITDA margin grew 2000 base points over 2016 levels. Lower Capex and Micron StockMicron's capex will fall from the previously forecast $10.5 billion to around $9 billion in fiscal 2019. For the upcoming fiscal 2020, capex will fall meaningfully lower than FY 2019.In Q3, capex of $500 million fell sharply lower from last year's $2.2 billion levels. And in the quarter, Micron used the excess cash to buy back 3.8 million shares for $157 million. For the fiscal year-to-date, Micron used 70% of its cash flow to buy around $2.7 billion worth of shares.The 8% reduction in the outstanding share count will help Micron's future EPS numbers, which benefits shareholders.On October 31, Micron will close its IMFT joint venture. Micron expects to pay around $1.4 billion for Intel Corporation's (NASDAQ: INTC) share of IMFT ("Intel Micron Flash Technologies"). Micron will use a portion of the payment to repay the $860 million in member debt financing. Brighter OutlookMicron reiterated the DRAM and NAND markets are still oversupplied. It also said that demand improvement will lead to stronger growth for its DRAM bit shipment. This is due to demand from customers in the cloud, graphics, and PC markets.Conversely, NAND shipment growth is limited due to the ongoing transition for Micron's SSD portfolio. For the current fourth quarter period, Micron expects revenue of around $4.5 billion, gross margin of 29% +/- 150 basis points, and an EPS of $0.45 +/- $0.07.With any new U.S. and China tariffs on hold, Micron's customers may now return to "business as usual." It may resume its investments in cloud computing and other memory and storage-intensive development. With the cloud of uncertainty lifted, chances are good that Micron could continue rallying longer.Of course, a pullback due to profit-taking may follow. Any short-term drop creates a buying opportunity for investors who missed the recent rally. The Bottom Line on Micron StockMicron has elevated inventory, part of which it is drawing down. Still, its NAND inventory levels are deliberately higher. It wants more inventory heading into fiscal 2020 because it is making a transition to replacement gate.On the DRAM front, Micron expects higher customer demand will accelerate the drop in inventory. Investors should note that Micron wrote down $40 million of DRAM inventory due to the Huawei ban. Now that the ban is temporarily lifted, Micron may report a revenue level that is higher than previously forecast.The cloud over Micron and the rest of the chip stocks lifted after a favorable discord between the U.S. and China. As the two countries resume trade and work out a deal, Micron's customers will resume their orders.Disclosure: The author owns shares of NXP Semiconductors. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs -- Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post Inventory and Trade Victories Mean Smooth Sailing for Micron Stock appeared first on InvestorPlace.

  • Motley Fool22 days ago

    3 Top Driverless Car Stocks to Watch

    Autonomous vehicle technology is already here. Is your portfolio prepared?

  • GlobeNewswire24 days ago

    NXP Semiconductors Announces Conference Call to Review Second Quarter 2019 Financial Results

    EINDHOVEN, The Netherlands, June 27, 2019 -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will release financial results for the second quarter of 2019 after the.

  • NXP Stock Seen Falling Amid Qualcomm Deal Concern
    Investopedia26 days ago

    NXP Stock Seen Falling Amid Qualcomm Deal Concern

    Qualcomm Inc. (QCOM) has been trying for months to close its proposed $44 billion acquisition of NXP Semiconductors N.V. (NXPI). Options traders are betting the deal doesn't get final approval and that shares of NXP will fall below $100—a drop of nearly 13% from its current price and over 24% below the deal price of $127.50.

  • Qualcomm Poised For 20% Drop After Broadcom Deal Halted
    Investopedia26 days ago

    Qualcomm Poised For 20% Drop After Broadcom Deal Halted

    Qualcomm stock could go into freefall mode now that the Trump administration has blocked its merger with Broadcom.

  • 8 Beaten Down Blue Chips with Upside as S&P 500 Nears Record
    Investopedialast month

    8 Beaten Down Blue Chips with Upside as S&P 500 Nears Record

    Despite the S&P 500 trading at lofty heights, 8 blue chip stocks are still selling well below their record highs but may be poised for big gains as investors pursue diverse strategies to profit amid a volatile U.S.-China trade war. Some professional investors are wading in to buy beaten down blue chips from the semiconductor industry, including Broadcom Inc. (AVGO), Xilinx Inc. (XLNX), NXP Semiconductors N.V. (NXPI) and Skyworks Solutions Inc. (SWKS). Goldman says these service stocks are much more likely to outperform than stocks in goods-producing sectors.

  • 5 Top European Stocks to Buy on ECB's Hints of More Stimulus
    Zackslast month

    5 Top European Stocks to Buy on ECB's Hints of More Stimulus

    The ECB hints at more policy stimulus, making the conditions favorable for these stocks.

  • NXPI Stock Chasing Triple-Digit Territory as Bull Signals Flash
    Schaeffer's Investment Researchlast month

    NXPI Stock Chasing Triple-Digit Territory as Bull Signals Flash

    There's heavy open interest at NXPI's 100 strike

  • Is Cypress Semiconductor a Buy?
    Motley Foollast month

    Is Cypress Semiconductor a Buy?

    Investing in this semiconductor maker makes a surprising amount of sense, even though there's a firm all-cash buyout going on.

  • Is NXP Semiconductors N.V. (NXPI) Outperforming Other Computer and Technology Stocks This Year?
    Zackslast month

    Is NXP Semiconductors N.V. (NXPI) Outperforming Other Computer and Technology Stocks This Year?

    Is (NXPI) Outperforming Other Computer and Technology Stocks This Year?

  • GlobeNewswirelast month

    NXP Semiconductors Appoints Three New Non-Executive Directors

    Appoints Lena Olving, Jasmin Staiblin and Karl-Henrik Sundström to its BoardAll AGM agenda items, including the Share Repurchase Authorization, adopted EINDHOVEN, The.

  • GlobeNewswirelast month

    NXP Announces the Expiration and Results of Cash Tender Offer for Any and All 4.125% Senior Notes Due 2020

    NXP Semiconductors N.V. (NXPI) (together with its subsidiaries, “NXP”) announced today that the previously announced cash tender offer (the “Tender Offer”) commenced by its subsidiaries, NXP B.V. and NXP Funding LLC (together, the “Issuers”) for any and all of their outstanding 4.125% Senior Notes due 2020 (the “2020 Notes”) expired at 5:00 p.m., New York City time, on June 17, 2019. As of the expiration of the Tender Offer, $552,803,000 or 92.13% of the $600 million outstanding aggregate principal amount of the 2020 Notes had been validly tendered and not validly withdrawn. There were no 2020 Notes submitted pursuant to the guaranteed delivery procedures described in the Offer to Purchase dated June 11, 2019 (the “Offer to Purchase”).