Orin
NXPINasdaq·Semiconductors

NXP Semiconductors N.V. NXPI

Market cap $58.5BP/E 20.0× trailingGross margin 55.9%Reports Tue 27 Oct, after the close
$231.82
−3.62 (−1.54%)live 09:30 ET
52-wk $183.00 – $339.95
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Orin's take
0.62conviction · moderate
Refreshed 1 Sep · take v7. A new filing or a print queues the next refresh.

NXPI remains attractively valued at 19.1x trailing PE — a 57.8% discount to the peer median of 45.2x — with institutional interest improving (smart money score rose to 0.0659 as of Q2 2026 from -0.0266 in Q1) and large buyers including Barrow Hanley and BNY Mellon adding positions. But the fundamental deterioration has not reversed: revenue has declined two straight years from $13.28B (2023) to $12.27B (2025), EPS fell from $10.70 to $7.95, and total debt climbed to $12.22B while the stock dropped 7.4% since last earnings and trades below both its 50-day ($256.52) and 200-day ($243.14) moving averages.

The deep valuation discount and $2.28B in 2025 free cash flow provide a floor, but the absence of a revenue growth catalyst keeps this a hold until stabilization is evident.

What could go wrong

  • Continued revenue decline. Revenue has contracted for two consecutive years through fiscal 2025 at -2.74% YoY; a further drop would deepen the valuation trap.
  • Rising leverage. Total debt increased to $12.22B in 2025 from $10.85B in 2024, against stockholders' equity of $10.06B.
  • Margin compression. Gross margin fell to 54.4% in 2025 from 56.9% in 2023, indicating pricing pressure across the product portfolio.
  • Technical breakdown. Stock at $224.64 is below both the 50-day ($256.52) and 200-day ($243.14) moving averages with RSI at 38.3, suggesting further downside risk if support fails.

What would change my mind

Revenue stabilization. Next quarterly report shows flat or positive YoY revenue growth, ending the two-year decline streakbullish
Gross margin recovery. Gross margin rebounds above 55% (from 54.4% in 2025) signaling pricing power returnbullish
Debt accumulation. Total debt continues to rise above $12.22B without corresponding revenue growth, eroding balance sheet qualitybearish
Loss of 200-day MA support. Stock fails to reclaim $243.14 (200-day MA) on next earnings and breaks below $210, confirming downtrend accelerationbearish

Where this comes from: peer_relative composite · FMP annual fundamentals · FMP annual fundamentals · FMP annual fundamentals. Orin's read on NXPI; not advice.

Twelve months actual closes to 2026-09-23 · actual filings

Sept 25Nov 25Jan 26Mar 26May 26Jul 26

50-day average 200-day average · volume below

Largest holders · 13F Q2 2026

Money flow
FilerPositionOf fund
Fmr$7.1B0.3% of fund
Jpmorgan Chase &$4.8B0.3% of fund
State Street$3.3B0.1% of fund
Invesco$3.1B0.2% of fund
Vanguard Capital Management$2.3B0.0% of fund
Wellington Management Group Llp$1.9B0.3% of fund

104 filers · quarter ended Q2 2026 · positions, not flows

Insiders, last 24 months: 181 Form 4 filings, net −$22.4M. Of the 50 on hand, 0 were open-market purchases and 6 sales— the rest are grants, option exercises and tax withholding.

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Where it trades

vs its own 5y · Technology
MetricNowOwn medianSector
P/E20.0×21.2×53.3×
EV/EBITDA13.7×13.8×
P/S4.50×4.47×
P/B5.2×5.8×

Its P/E sits 20th percentile of its own last 5 years (−0.57σ from its own mean).

What the price assumes

11.3%

free-cash-flow growth every year for 10 years, discounted at 10%, is what today’s price implies — starting from $2.3B of trailing free cash flow. It is an assumption the market is making, not a forecast Orin is making.

What Wall Street published

46 firms · 2026-09-23
Consensus target

$285

$190$338 · +23% against today's price

How they rate it
  • 31 buy or overweight
  • 13 hold
  • 2 underweight or sell

The analysts’ consensus and their own ratings, not Orin’s. A target is a twelve-month opinion published by the firm that wrote it.

Against the companies it is compared to

median P/E 49.8× of 7 peers
CompanyMarket capP/EEV/EBITDAGrossNetROE
NXPINXP Semiconductors N.V.$59B20.0×13.7×55.9%22.6%28%
ASXASE Technology Holding Co., Ltd.$97B49.8×21.1×19.5%8.5%17%
EAElectronic Arts Inc.$53B48.4×29.8×79.9%13.8%17%
GRMNGarmin Ltd.$55B29.5×22.1×60.1%24.5%21%
MPWRMonolithic Power Systems, Inc.$67B82.7×64.8×55.2%24.4%22%
STXSeagate Technology Holdings plc$207B63.5×49.2×45.6%26.1%348%
TTWOTake-Two Interactive Software, Inc.$39B40.7×56.0%-4.8%-9%
WDCWestern Digital Corporation$163B17.4×18.7×48.9%72.9%119%
XYZBlock, Inc.$44B131.0×37.4×46.4%1.4%2%

The median is of the 7 peers listed above and nothing else — check it against the column. This company trades 59.9% below it. The peer set is the vendor’s, so a company can appear here that a person would not have chosen.

What it has traded at

P/E by fiscal year
FY14 33.7×FY25 27.1×

What its sector has traded at

Technology
FY14 9.0×FY26 48.0×

Two scales, drawn separately on purpose: a sector median and one company’s multiple are not the same number and putting them on one axis invites a comparison neither series supports.

Every estimate on one scale

price $231.82
52-week range$183 – $340
Analyst targets$190 – $338
At own 5y-median P/E (21×)$250
At 5y P/E range (15–33×)$175 – $388
At sector P/E (53×)$628

The vertical rule is the current price. Ranges and point estimates are the backend’s, published as they were calculated; an arrow means the estimate sits beyond this scale, and its number is on the right.