Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – GSK said to be in talks with Qualcomm to form JV – Bloomberg

[Reuters] – (Reuters) – Pharmaceutical group GlaxoSmithKline Plc is said to be in discussions with chipmaker Qualcomm Inc to form a joint venture as GSK looks for ways to develop medical technology, Bloomberg reported … Read more on this. QUALCOMM Incorporated (QCOM) , currently valued at $69.04B, opened this morning at $45.52. Today’s price range has been between $44.39 and $46.18 per share with a trailing 52-week range being $44.39 to $74.09. Qualcomm (QCOM) shares are currently priced at 11.00x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.27x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 4.19%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.90 per share, which would be $0.44 worse than the year-ago quarter and a $0.19 sequential decrease. The full-year EPS estimate is $4.19, which would be a $0.47 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.69 Billion. If realized, that would be a 19.86% decrease over the year-ago quarter. More recently, Susquehanna upgraded QCOM from Neutral to Positive (Jan 13, 2016). Previously, JP Morgan upgraded QCOM from Neutral to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $61.83, which is 35.83% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Stock Update (NASDAQ:QCOM): EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Qualcomm Incorporated – QCOM Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is Qualcomm Stock Suitable for Your IRA or Roth IRA? Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Stock Down in After-hours Trading Following Earnings Results