NXP Semiconductors Rising on Earnings, Quantum Hopes

FXEmpire.com -

Quarterly earnings of $3.24 per share beat Wall Street estimates with the company due to report second quarter earnings in July. Also, it recently announced the first full-stack, ion-trap based quantum computer demonstrator in Germany, which could assist researchers in many industries, including climate, logistics, materials sciences, and others.

It’s no wonder NXPI shares are up 18% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

NXP Semiconductors Shares Reflect Heavy Accumulation

Institutional volumes reveal plenty. In the last year, NXPI has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in NXPI shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with NXP Semiconductors.

NXP Semiconductors Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, NXPI has had strong sales and earnings growth:

  • 3-year sales growth rate (+16.1%)
  • 3-year EPS growth rate (+1,224.6%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +14.8%.

Now it makes sense why the stock has been powering to new heights. NXPI has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

NXP Semiconductors has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last decade. The blue bars below show when NXPI was a top pick…rising higher with time:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

NXP Semiconductors Price Prediction

The NXPI rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in NXPI at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

This article was originally posted on FX Empire

More From FXEMPIRE:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.