Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Signs 3G/4G Chinese Patent License Agreement with Hisense

[PR Newswire] – SAN DIEGO, April 20, 2016 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed a new 3G and 4G Chinese Patent License Agreement with Hisense Group Co., Ltd. (Hisense). … Read more on this. QUALCOMM Incorporated (QCOM) , currently valued at $77.87B, opened at $51.93. Looking at the equity, the company’s one day range is $51.81 to $52.54 with a one year range of $42.24 to $71.32. QCOM shares are currently priced at 12.61x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.57x earnings multiple. And for passive income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 4.15%. 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. Investors should also note that the full-year EPS estimate of $4.11 is a $0.55 setback when compared to the previous 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. More recently, Barclays downgraded QCOM from Overweight to Equal Weight (Mar 28, 2016). Previously, Bernstein upgraded QCOM from Mkt Perform to Outperform. Investors should keep in mind is that the average price target is $56.36, which is 8.53% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Signs 3G/4G Chinese Patent License Agreement with Yulong Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Signs 3G/4G Chinese Patent License Agreement with EWPE Market Update (NASDAQ:QCOM): Qualcomm (QCOM) Stock Gains on Chinese Patent License Deal