NXP Semiconductors (NXPI) Laps the Stock Market: Here's Why

NXP Semiconductors (NXPI) rose 2.74% to $228.50, outperforming the S&P 500's 0.46% gain. The chipmaker is expected to report earnings of $4.13 per share (up 32.8% YoY) and revenue of $3.76 billion (up 18.52% YoY). Trading at a Forward P/E of 14.68, a discount to the industry average of 33.03, NXPI holds a Zacks Rank #3 (Hold) rating with a PEG ratio of 0.69.