REVEALED: 4 - The Real Truth

The Fed’s monetary policy tightening and deepening supply chain disruptions weighed heavily on the market sentiment and caused a massive sell-off in the tech industry over the past few weeks. Although many big tech stocks plummeted, high-quality tech stocks Microchip Technology (MCHP), NXP Semiconductors (NXPI), International Business Machines (IBM), Broadcom…

KeyBanc analyst John Vinh said nine companies were under coverage (Advanced Micro Devices, Inc (NASDAQ: AMD), Cirrus Logic, Inc (NASDAQ:CRUS), Lattice Semiconductor Corporation (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ: MPWR), NXP Semiconductors N.V. (NASDAQ:NXPI), ON Semiconductor Corporation (NASDAQ: ON), Qorvo, Inc (NASDAQ: QRVO), Skyworks Solutions, Inc (NASDAQ: SWKS), Synaptics Inc (NASDAQ:SYNA)) and reported positive results but mixed guidance. The broad-based analog (LSCC, MPWR, NXPI, ON) reported robust results/guidance, and China smartphone-exposed companies…

NXP Semiconductors (NASDAQ:NXPI) has outperformed the market over the past 10 years by 8.69% on an annualized basis producing an average annual return of 21.0%. Currently, NXP Semiconductors has a market capitalization of $44.08 billion.

The demand for semiconductors is rising due in large measure to the increasing adoption of advanced technologies amid rapid digitalization. Also, governments worldwide are spending billions of dollars to ramp up production and bring the production of semiconductor chips closer to home. Thus, we think Micron NXP Semiconductors (NXPI) and…

Despite the tech industry's current struggle with supply chain bottlenecks, and a potential negative impact from interest rate hikes, businesses' increase in tech budgets and several emerging trends in this space should propel the industry's growth. Therefore, it could be wise to bet on fundamentally sound tech stocks NXP Semiconductors…