NXP Semiconductors (NASDAQ: NXPI) is knee-deep in a pending merger with sector rival Qualcomm (NASDAQ: QCOM). There was a time when it would have made sense to pick up NXP shares, even if you missed the 25% buyout surge in September.
But those days are gone, and there’s no real reason to buy — or even hold — NXP shares today.
Let me explain why.