Quality semiconductors aren’t by and large selling all that cheaply anymore, as the sector has recovered sharply from March panic-low prices as the Street has gotten more comfortable with the likely downside in Q2 and Q3 from the Covid-19 business disruptions. In the case of NXP Semiconductors (NXPI) we have a story where there’s significant growth potential as well as self-improvement potential (execution), but a lot of that already appears to be in the share price today.
I like NXP’s leverage to electric vehicles and advanced auto content growth, not to mention its