Rajvindra Gill, Senior Analyst at Needham & Company, LLC, says semiconductor investors should look for companies that have specific product cycles that are tied to things going on in the industry, companies that are acquiring other companies that have scale and efficiencies, or companies that are in the midst of margin expansion. As such, one of the stocks he is currently recommending is NXP Semiconductor NV (NXPI).
“We like companies like NXPI because they will be a huge player in the automotive semiconductor market, they will be a big player on mobile payments, and with the merger with Freescale they will generate significant earnings power,” Gill says.
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When NXPI’s merger with Freescale matures, Gill says he expects the company to have $9.00 to $10.00 in earnings.
“So NXPI is one of the names that we like,” he says.
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