Long Term Returns of Paul Singer’s 5 Activist Targets

In this article, we discuss long-term returns of Paul Singer’s 5 activist targets. If you want to see more stocks in this selection, check out Long Term Returns of Paul Singer’s Activist Targets.

5. NXP Semiconductors N.V. (NASDAQ:NXPI)

Activist Investment: 2017
Long-Term Returns Since Singer’s Investment: 82%
S&P 500 Gain Since Singer’s Investment: 103%

NXP Semiconductors N.V. (NASDAQ:NXPI) is a company that designs, manufactures, and sells various semiconductor products, including microcontrollers, application processors, and wireless connectivity solutions. Elliot Management first disclosed a 6% stake in the company in 2017.

The confirmation came when QUALCOMM Incorporated (NASDAQ:QCOM) had tabled a $110 a share for NXP Semiconductors N.V. (NASDAQ:NXPI), valuing the chip company at $37 billion. The activist investor opposed the takeover bid, insisting it was low and undervalued the company. It reiterated plans to engage in dialogue with Qualcomm’s board and other potential acquirers to maximize shareholder value.

QUALCOMM Incorporated (NASDAQ:QCOM) increased its takeover bid to $127.50 a share amid mounting pressure. Elliot approved the bid, insisting it reflected a positive outcome for shareholders. Nevertheless, the deal fell through in 2018 after Qualcomm failed to secure Chinese regulatory approval.