We liked this stock at $105. We like it even better at $92.88.
NXP Semiconductors N.V. (NXPI) is a semiconductor company. The firm provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide.
It provides in-vehicle networking, car passive keyless entry and immobilization, and car radio and audio amplifiers; car solid state lighting drivers; communication products that are related to assisted and autonomous driving; ICs for e-government, transportation, and access management; RF power amplifiers, small signal RF discretes, and RF ICs for mobile, consumer electronics, and cable television infrastructure; AC-DC power conversion ICs for notebook personal computers; low power audio ICs; and microcontrollers.
The company also develops audio software solutions that enable mobile device manufacturers to produce hand held products. In addition, it provides standard semiconductor components, such as small signal discretes, power discretes, protection and signal conditioning devices, and standard logic devices.
The company also offers discrete semiconductors. Its products are used in automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer, and computing applications.
The company markets its products to various original equipment manufacturers, original design manufacturers, contract manufacturers, and distributors.
Shares are heading higher in an upward trading channel. The 200-day moving avrage (shown in red) is acting as a support.
52-Weeks Trading Range: $53.81 - $114.00
Entry Point: $92.88
Stop Loss: $88.24
Target Price: $102.20
NXPI closed at $88.50