Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – New Qualcomm Trial Could Provide Upside For These Semiconductor Stocks

[Benzinga] – In a new report, Sterne Agee CRT analyst Douglas Freedman discusses the market impact of QUALCOMM, Inc. (NASDAQ: QCOM )’s new commercial trial of cellular and WiFi band aggregation. According to Freedman, … Read more on this. QUALCOMM Incorporated (QCOM) , valued at $68.26B, started the session at $44.62. A quick look at the market, the company’s stock traded between $44.38 and $45.76 and has traded between $42.88 and $74.09 over the past year. Priced at 10.91x this year’s forecasted earnings, QCOM shares are relatively inexpensive compared to the industry ’s 13.33x forward p/e ratio. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.16%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.96 per share, which would be $0.44 worse than the year-ago quarter and a $0.07 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.10, which would be a $0.56 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.34 Billion. If reported, that would be a 22.50% decrease over the year-ago quarter. Recently, Susquehanna upgraded QCOM from Neutral to Positive (Jan 13, 2016). Previously, JP Morgan upgraded QCOM from Neutral to Overweight. Given all the information above, we should disclose to readers that the average price target is $59.28, which is 32.86% above than it opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Earnings Preview: Has This Chipmaker Finally Bottomed? Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – GSK said to be in talks with Qualcomm to form JV – Bloomberg Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Appoints Jeffrey W. Henderson to its Board of Directors
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.