Stock Update (NASDAQ:QCOM): Why Qualcomm Is Heading To $90

Qualcomm Incorporated (NASDAQ:QCOM) [at Seeking Alpha] – There’s no question that Chipmaker Qualcomm ( QCOM ) has been a standout performer within a sector that has struggled to find its footing. When compared to the beleaguered names such as Broadcom ( BRCM …
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QUALCOMM Incorporated (QCOM), with a current market cap of $137.05B, started trading this morning at $81.17.
 
During today’s session, QCOM traded between $80.79 to $81.34 with the price of the stock fluctuating between $59.02 to $81.66 over the last 52 weeks.
 
QCOM shares are currently priced at 15.78x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.43x earnings multiple.
 
And for dividend hunters, the company pays shareholders $1.68 per share annually in dividends, yielding 2.10%.
 
According to a consensus of 33 analysts, the earnings estimate of $1.22 per share would be $0.05 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $5.13, which would be a $0.62 better than last year.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.48 Billion. If realized, that would be a 5.88% increase over the year-ago quarter.
 
In terms of ratings, Mizuho Initiated QCOM at Buy (Nov 19, 2013). Previously, Northland Capital downgraded QCOM from Outperform to Market Perform.
 
Investors should keep in mind is that the average price target is $82.92, which is 2.16% above where the stock opened this morning.
 
Summary (NASDAQ:QCOM) :  QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. It operates in four segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on CDMA, OFDMA, and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses to use portions of its intellectual property portfolio, which includes patent rights useful in the manufacture and sale of various wireless products, such as products implementing CDMA2000, WCDMA, CDMA TDD, GSM/GPRS/EDGE, and OFDMA standards, as well as their derivatives. The QWI segment provides fleet management, satellite- and terrestrial-based two-way wireless information and position reporting, and other services; software and hardware to transportation and logistics companies; content enablement services for the wireless industry; push-to-talk and other software products and services for wireless network operators; and development, and other services and related products of wireless communications technologies to government agencies and their contractors, as well as builds and manages software applications that enable certain mobile location-awareness and commerce services. The QSI segment invests in early-stage companies that support the design and introduction of new products and services, as well as holds a wireless spectrum license. The company operates primarily in China, South Korea, Taiwan, and the United States. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.
 
Tag Helper ~ Stock Code: QCOM | Common Company name: Qualcomm | Full Company name: Qualcomm Incorporated (NASDAQ:QCOM) .

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Options Expiration – August 2013
Options Expiration – June 2013
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