Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – From Disappointment To Modest Optimism: The Street Is Mixed On Qualcomm

[Benzinga] – Shares of QUALCOMM, Inc. (NASDAQ: QCOM ) were trading lower by around 1 percent Wednesday morning. Qualcomm’s management confirmed it will maintain its existing corporate structure. The company also reaffirmed … Read more on this. QUALCOMM Incorporated (QCOM) , valued at $72.25B, started trading this morning at $48.25. Today, shares have traded between $47.15 and $48.60 per share and has traded between $45.93 and $75.72 over the past 12 months. Qualcomm (QCOM) shares are currently priced at 11.54x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.45x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.05%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.90 per share, which would be $0.44 worse than the year-ago quarter and a $0.21 sequential decrease. Investors should also note that the full-year EPS estimate of $4.16 is a $0.50 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.65 Billion. If reported, that would be a 20.42% decrease over the year-ago quarter. In terms of ratings, Standpoint Research upgraded QCOM from Hold to Buy (Aug 24, 2015). Previously, Morgan Stanley upgraded QCOM from Equal-Weight to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $63.28, which is 31.15% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is Qualcomm Stock Suitable for Your IRA or Roth IRA? Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Earnings Report: Q3 2015 Conference Call Transcript Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Stock Down in After-hours Trading Following Earnings Results