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Is NXP Semiconductors Stock a Buy?

TheMotleyFool

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Is NXP Semiconductors Stock a Buy?Photo, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Marc Adamus: https://img.theapi.app/temp/9d624ad0-0157-4808-b12c-caf136345180.png

NXP Semiconductors (NASDAQ: NXPI), a Dutch-American chipmaker that produces a wide range of automotive, secure identification, and digital networking chips, struggled this year as the COVID-19 crisis disrupted many of its core markets.

However, its stock still advanced about 30% over the past 12 months as investors looked toward its post-pandemic recovery. With NXP set to report its third-quarter numbers on Oct. 26, should investors share that optimism or stay more skeptical?

Image source: Getty Images.

Source Fool.com

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