Investors looking to add exposure in the semiconductor industry have a lot of choices.Recent market weakness is creating value in companies that will outperform in the long run. The iShares PHLX Semiconductor ETF (SOXX – ETF report) is down over 10% this year, with some of the major holdings such as Intel (INTC – Analyst Report) and Qualcom (QCOM – Analyst Report) dragging it down.

However, within the sector, there are a variety of performing stocks that are being sold in sympathy with the large struggling companies.Focusing specifically on the Semiconductor Analog and Mixed Industry could be beneficial after impressive earnings beat from NXP Semiconductors. The Industry is ranked 41 out of 265 (Top 15%) in the Zack Industry Rank

NXP Semiconductors (NXPI – Snapshot Reportis a Zacks Rank #1 (Stong Buy) that designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems in its target markets. The Dutch company provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide.

NXP has a market cap of $16 Billion and a Forward PE of 14. The company sports a Zacks Style Score of “B” in both Value and Growth.

Wednesday night the company reported Q4 earnings of $1.25 versus the $0.92 expected, with revenues coming in at $1.61 Billion versus $1.54 Billion. This beat, along with the recent sell off in the stock, caused shares to jump almost 8% on Thursday, to a high of $77 a share.

Estimates for fiscal year 2016 were headed higher leading up to the earnings report. Over the last 60 days, consensus estimates have pushed 6.4% higher, with all four analysts making revisions, doing so to the upside.

The beat and subsequent jump in the stock price isn’t a surprise. Looking back over the last four years the company has surprised to the upside every quarter, a sign that NXPI is being underestimated.

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