This Beaten-Down IoT Stock Just Declared a Dividend — The Motley Fool

This Beaten-Down IoT Stock Just Declared a Dividend — The Motley Fool

The Internet of Things. Connected cars. Mobile payments. All of these are massive technological and business trends. In that light, it’s curious that ( NXP Semiconductors NASDAQ:NXPI) is trading in the doldrums. The company makes the analog chips and microcontrollers that go into today’s connected cars, factories, and devices. In short, its chips make all of these large trends possible, securely and safely.

The company was recently the object of Qualcomm’s(NASDAQ: QCOM) overtures when the mobile chip giant bid for NXP. However, Chinese antitrust regulators scuttled the deal in July by failing to approval it, so NXP will now be going it alone.

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