Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Launches World’s Fastest X16 Modem And A Flurry Of Snapdragon SoCs

[at Forbes] – Fifteen months after a contentious meeting with the investment community that put the future of the company in question, Qualcomm resurrected its annual Analyst Conference to share the company’s financial results and outcome of the business evaluation. In addition, the company used the event as a major launch platform for Read more on this. QUALCOMM Incorporated (QCOM) , valued at $63.89B, started the session at $42.27. A quick look at the market, the company’s stock traded between $42.24 and $43.08 and has traded between $42.24 and $74.09 over the past year. Qualcomm (QCOM) shares are currently priced at 10.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 14.48x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.36%. According to a consensus of 25 analysts, the earnings estimate of $0.96 per share would be $0.44 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $4.11 which would be a $0.55 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.31 Billion. If realized, that would be a 22.93% 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. With the above information in mind, readers should note that the average price target is $58.54, which is 38.49% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Stock Update (NASDAQ:QCOM): Qualcomm Reinvigorates Snapdragon With New Snapdragon 820 SoC Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – The Qualcomm Snapdragon 820 Delivers a Solid Boost From the Snapdragon 810 Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Discloses More Snapdragon 820 Kryo CPU Details, Including Four Giant Cores
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