Tore Svanberg, Analyst with Stifel Nicolaus & Co., says NXP Semiconductors NV (NXPI) is his favorite large-cap semiconductor stock. He says the company’s recent acquisition of Freescale Semiconductor Ltd (FSL) should give NXP significant scale.
“It gives them a number one position in automotive; it also gives them a number one position in microcontrollers, which is a very attractive growth segment, not just for automotive, but also for IoT,” Svanberg says.
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In addition, Svanberg says NXP is also benefitting from the Internet of Things trend. He says much of NXP’s technology and intellectual property is based on security.
“With a lot of these new markets and segments having connectivity, security becomes crucial,” Svanberg says. “So I feel like they are benefiting from three of the key trends that I just mentioned for you: M&A, automotive and also the IoT segments. That is the story behind why we like NXP Semiconductor.”
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