NXP Stock May Be Setting Up For Breakout; Profits Sizzle

NXP Semiconductors (NXPI) is completing a cup-with-handle base, one of the strongest launch points for stocks to take off. Additionally, it’s posted double-digit profit growth every quarter for the past year. In this rocky market though, there’s no telling which way it will go from here. Still, on Wednesday NXP stock got an upgrade to its Relative Strength (RS) Rating, from 69 to 73.

The upgraded 73 RS Rating shows that NXP stock topped 73% of all stocks in terms of price performance over the past 52 weeks. It’s a good but not yet great rating. The best stocks to buy and watch often have an 80 or better RS Rating as they launch their biggest price moves. See if NXP Semiconductors can continue to rebound and clear that threshold.

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NXP Stock Among Top 18% Overall

Meanwhile, NXP stock has a strong 82 Composite Rating out of a best-possible 99. Despite strong recent profit growth it has a middling 69 Earnings Per Share Rating. Look for that to change. Over the past four quarters it’s reported EPS growth of 98%, 78%, 46% and then 23% last quarter. Not bad amid the 2022 bear market. Revenue grew 22%, 28%, 20% and 9% during that period.

NXP stock is working on a cup with handle with a 197.81 buy point. See if it can clear the breakout price in heavy trade. On Wednesday NXP rose fractionally to 178.87 despite the generally down day for the market.

Chip Industry Peers

NXP stock earns the No. 12 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Microchip Technology (MCHP) and STMicroelectronics (STM) are among the group’s highest-rated stocks.

The exclusive Relative Strength Rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.