10 Most Profitable European Stocks To Invest In

8. NXP Semiconductors N.V. (NASDAQ:NXPI)

Upside Potential: 18%

5-Year Net Income CAGR: 46.27%

TTM Net Income: $2.71 Billion 

NXP Semiconductors N.V. (NASDAQ:NXPI) is a Netherlands-based holding company that makes and sells various products related to semiconductors. The company offers a wide range of microcontrollers and processors optimized for AI and machine learning applications in automotive, personal security and identification, mobile communications, and IoT industries, among others.

Although the demand across the automotive and IoT market is low, the company’s long-term policy is adjusted according to the changing circumstances. The long-term strategy for NXP Semiconductors N.V. (NASDAQ:NXPI) is to succeed in the fastest-growing secular end markets of automotive and industrial IoT. During Q3, the company posted revenue in line with its projection at $3.25 billion.

NXP Semiconductors N.V. (NASDAQ:NXPI) has a diversified portfolio which allows the firm to be flexible. Moreover, NXP’s long-term planning to tackle the market shortcomings and its growth over the years is a testament to its business.

On November 22, Wells Fargo assigned an Overweight rating to NXPI and set a price target of $250. NXP Semiconductors has a competitive positioning and diverse manufacturing in the semiconductor market, placing it among the most competitive semiconductor firms in the market.