Trader Terranova, up 12% YTD, buys chip stock

CNBC "Halftime Report" trader Joe Terranova looked to build on his lead in CNBC Pro's model trading competition by buying shares of NXP Semiconductors. Terranova's portfolio is up 12 percent year to date.

Terranova also sold out of his Oracle shares, and Jon Najarian bought a position in Synchrony Financial for his model portfolios.

Read below to find out why Terranova is bullish on NXP Semiconductors.