Jim Cramer: NXP Semiconductor Will Likely Reach $110

Jim Cramer says NXP Semiconductors (NXPI) - Get Report will probably reach $110 a share from its current roughly $102 even if its proposed $47 billion takeover by Qualcomm (QCOM) - Get Report falls through.

"If the deal breaks up ... the stock [still] heads through $110," Cramer said in an exclusive conference call with members of his Action Alerts PLUS club for investors. "I think you win either way."

This article was written by a staff member of TheStreet.