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Mark Holder

Will NXP Semi Get A $135 Offer?

Elliot Advisors is back claiming NXP Semi (NXPI) is worth $135/share. The company already accepted an offer for $110/share from Qualcomm (QCOM) back in 2016. 

At this point, Qualcomm has failed to obtain enough shares tendered for the $110 price. The deal still awaits regulatory approval in China.  With NXP Semi trading at $118.50, traders clearly expect a higher offer though Qualcomm can just walk away from the deal. 

At this point, Qualcomm will benefit from offering a higher price, but whether the wireless tech giant goes up to $135 is a big question mark. 

Disclosure: Long QCOM 

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