Share price is “not too high”, according to a report on Friday, as it remains well below the $50-billion mark in the market.
The report by Bloomberg New Energy Finance, citing an analyst with BNEF, said the company’s shares are trading at $47.10 a share in New York.
The share price is the lowest since May 2016.
The company, which makes mobile chips, was formed in 2011 and has more than $60 billion in revenue.
It is not clear how many shares are held by the company, though BNEFS has said it expects more than 1 million of its shares to be issued this year.
Bloomberg is an investment research firm with expertise in the energy, telecoms and financial services industries.