Company Update (NASDAQ:QCOM): Qualcomm Appoints Mary Gendron as Senior Vice President and Chief Information Officer

[PR Newswire] – SAN DIEGO, March 17, 2016 /PRNewswire/ — Qualcomm Incorporated (QCOM) today announced that Mary Gendron has joined the Company as senior vice president and chief information officer, reporting directly to George Davis, executive vice president and chief financial officer. Gendron will lead Qualcomm’s global IT organization, driving operational excellence within the IT function and across the enterprise, as well as collaborating with the executive and business unit leadership teams to ensure Qualcomm continues to incorporate the most advanced technology solutions to achieve Company business goals. Gendron brings more than 25 years of leadership and experience in IT, with expertise in developing and executing IT and talent-focused strategies, services and plans in a variety of industries. Read more on this. QUALCOMM Incorporated (QCOM) , with a current market cap of $77.06B, opened this morning at $51.15. Looking at the stock, its one day range is $51.12 to $51.62 and has traded between $42.24 and $71.90 over the past year. Priced at 12.51x this year’s forecasted earnings, QCOM shares are relatively inexpensive compared to the industry’s 20.56x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.12 per share annually in dividends, yielding 4.07%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.96 per share, which would be $0.44 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $4.10, which would be a $0.56 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.33 Billion. If reported, that would be a 22.64% decrease over the year-ago quarter. More recently, Bernstein upgraded QCOM from Mkt Perform to Outperform (Feb 16, 2016). Previously, Susquehanna upgraded QCOM from Neutral to Positive. The average price target for QCOM shares is $57.03, which is 11.50% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Here’s Why Qualcomm (QCOM) Stock is Down Today Company Update (NASDAQ:QCOM): Here’s Why Qualcomm (QCOM) Stock is Up Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Appoints Jeffrey W. Henderson to its Board of Directors