In the current session,
NXP Semiconductors Inc. (NASDAQ:NXPI) is trading at $208.40, after a 1.65% rise. Over the past month, the stock increased by 5.23%, and in the past year, by 94.91%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 3.71%.
The P/E ratio is used by long-term shareholders to assess the company s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expe
Microchip shortage hits Jeep Grand Cherokee production in Detroit
Employees in Detroit producing Jeep s most popular vehicle are facing temporary layoffs resulting from the global semiconductor shortage that s expected to last for months, the company confirmed Thursday.
Jefferson North Assembly Plant produces the Jeep Grand Cherokee and Dodge Durango SUVs. The plant typically operates on 10-hour shifts with three crews six days a week. Starting Monday, only one crew will work for three weeks, and then it will be laid off while the other two crews work for the next three weeks, according to a schedule obtained by The Detroit News.
Weighing UV Light Investment In The Wake Of New Trends In Cleanliness forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Intel Corp. was told to pay VLSI Technology LLC $2.18 billion by a federal jury in Texas after losing a patent-infringement trial over technology related to chip-making, one of the largest patent-damages award in U.S. history. Intel pledged to appeal. Intel infringed two patents owned by closely held VLSI, the