Qualcomm's NXP Deal Could be in Big Trouble
Qualcomm (NASDAQ: QCOM) has been a tough stock to own over the past few years. Its chipmaking business ceded market share to cheaper rivals like MediaTek and first party chips from big OEMs like Huawei, while its licensing business has been crushed by lawsuits, fines, regulatory probes, and the recent refusal by top OEMs to pay licensing fees.
Those developments made Qualcomm look downright toxic, but the bulls often claimed that its proposed acquisition of NXP Semiconductors (NASDAQ: NXPI), the biggest automotive chipmaker in the world, would turn things around.
Image source: Qualcomm.
Source: Fool.com
NXP Semiconductors NV Stock
€231.00
-1.700%
The stock is one of the favorites of our community with 40 Buy predictions and 1 Sell predictions.
With a target price of 265 € there is a slightly positive potential of 14.72% for NXP Semiconductors NV compared to the current price of 231.0 €.
