Forget Qualcomm: NXP Semiconductors Is a Great Growth Stock In Its Own Right
With its pending $38 billion buyout offer from Qualcomm (NASDAQ: QCOM) still on the table -- equal to $110 a share -- Netherlands-based NXP Semiconductors (NASDAQ: NXPI) may seem an unlikely growth stock. Thing is, Qualcomm has been forced to extend its offer on multiple occasions, including one just a few days ago.
The latest extension will expire on Oct. 20, more than a year after the offer was first announced. It's pretty clear NXP shareholders are not enamored with the asking price, a situation which creates a couple of opportunities for investors -- and both scenarios bode well for prospective investors in search of growth.
Image source: Getty Images.
Source: Fool.com
Qualcomm Inc. Stock
€165.84
2.300%
With 45 Buy predictions and 1 Sell predictions Qualcomm Inc. is one of the favorites of our community.
As a result the target price of 180 € shows a slightly positive potential of 8.54% compared to the current price of 165.84 € for Qualcomm Inc..
