Is NXP Semiconductors Stock a Buy?

Dutch-Texan semiconductor maker NXP Semiconductors (NASDAQ: NXPI) has not been immune to the COVID-19 market panic of 2020. Market makers are treating NXP like a redheaded stepchild.

It's downright difficult to find another major semiconductor stock that has suffered as much as NXP in the coronavirus era. Share prices fell 42% over the past month, and you can pick up shares at bargain-bin valuation ratios like 8.4 times forward earnings or 7.1 times free cash flow.

All of this would make sense if there were something fundamentally wrong with NXP. That's not the case at all, and the company should come back swinging when the virus-based market panic subsides.

Continue reading

Source Fool.com