NXP Semiconductors Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of chip designer NXP Semiconductors (Nasdaq: NXPI  ) are soaring 14% above last night's closing price on three times the average trading volume.

So what: CEO Rick Clemmer sat down for an interview with Dow Jones Newswires last night, and his comments seemed to resonate with investors. Of course, merely reaching a global audience like that can boost small stocks like NXP, at least in the short term.

Now what: Clemmer hopes to make a mint on near field communications, which is a fancy name for touchless digital transactions like holding your chip-equipped credit card a few inches away from the card reader. In particular, embedding these chips in Nokia (NYSE: NOK  ) phones in 2011 should lift the company to new heights. Philips (NYSE: PHG  ) spun off its semiconductor operations four years ago to form NXP, and the little company seems to have found a profitable niche to exploit.

Interested in more info on NXP Semiconductors? Add it to your watchlist.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

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Related Tickers

10/24/2016 10:32 AM
NOK $4.96 Up +0.04 +0.81%
Nokia CAPS Rating: **
NXPI $100.70 Down -1.01 -0.99%
NXP Semiconductors… CAPS Rating: ****
PHG $29.65 Up +1.22 +4.27%
Koninklijke Philip… CAPS Rating: ***