NXP Semiconductors: Assessing Fair Value Following Recent Share Price Decline

NXP Semiconductors' (NXPI) shares have declined 9% over the past month. Despite the recent pullback, the company's longer-term story remains resilient, with a 1-year total shareholder return of -10.89% and a 3-year total shareholder return of 27.39%. The narrative suggests NXP is undervalued, with a fair value of $258.19, and expects accelerating growth and a higher profit multiple. However, risks remain, including modest end-demand recovery and increasing competition in China.