NXP Semiconductors Shares Popped: What You Need to Know

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 NXP Semiconductors (Nasdaq: NXPI  ) rose as much as 11% after the company announced in a press release that its chips would support the latest version of Android.

So what: NXP's processors are used for near field communication, which lets two devices close to each other share data wirelessly. Over time, the technology could enable all sorts of peer-to-peer mobile apps that aren't possible today -- such as using your phone as a credit card substitute.

Now what: NFC remains a nascent market, but it's one that both Google and Apple are interested in. That's good news for an infrastructure supplier like NXP.

Not just NXP, of course. But ask investors who they'd bet on and my guess is they'd say NXP. The stock made 10% or better moves in both January and December.

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

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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned shares of Apple and Google at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. 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 owns shares of Google and Apple, in which it has also written puts. The Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.


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