Better Buy: Sierra Wireless vs. Qualcomm
Investors looking for plays on the Internet of Things may have their eyes on both Qualcomm (NASDAQ: QCOM) and Sierra Wireless (NASDAQ: SWIR). Sierra makes chips and cloud-based software that connect things like industrial equipment and vehicles to the Internet. The company is small, with a market cap of just $675 million, but it has built a leadership position in the machine-to-machine (M2M) and IoT markets.
Meanwhile, tech juggernaut Qualcomm has a market cap of $77 billion, sells mobile processors and baseband processors (for connecting devices to cellular networks) and has made a killing from licensing its patents to other tech companies. Additionally, it's in the middle of purchasing NXP Semiconductors (NASDAQ: NXPI), which makes chips for all sorts of Internet-connected devices, including cars. All of which means that Qualcomm and Sierra may soon have overlapping IoT pursuits.
So which stock is the better buy right now? Let's take a look at each company's financial strength, competitive advantages, and valuation in order find out.
Source: Fool.com
NXP Semiconductors NV Stock
With 38 Buy predictions and 2 Sell predictions NXP Semiconductors NV is one of the favorites of our community.
As a result the target price of 267 € shows a slightly positive potential of 12.18% compared to the current price of 238.0 € for NXP Semiconductors NV.
