Market Update (NASDAQ:QCOM): Qualcomm Incorporated to Host Analyst Meeting

[PR Newswire] – SAN DIEGO, Feb. 10, 2016 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) will hold an analyst meeting at the Company’s headquarters in San Diego, CA on Thursday, February 11, 2016 beginning at 10 … Read more on this. QUALCOMM Incorporated (QCOM) , with a current value of $65.89B, started the session at $44.00. Looking at the equity, the company’s one day range is $43.95 to $44.52 and has traded between $42.83 and $74.09 over the past year. QCOM shares are currently priced at 10.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.33x forward p/e ratio. And for income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.36%. In a review of the consensus earnings estimate this quarter, 25 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. Investors should also note that the full-year EPS estimate of $4.11 is a $0.55 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.31 Billion. If reported, that would be a 22.93% decrease over the year-ago quarter. More recently, Susquehanna upgraded QCOM from Neutral to Positive (Jan 13, 2016). Previously, JP Morgan upgraded QCOM from Neutral to Overweight. Investors should keep in mind is that the average price target is $58.54, which is 33.05% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Earnings Preview: Has This Chipmaker Finally Bottomed? Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – From Disappointment To Modest Optimism: The Street Is Mixed On Qualcomm Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is Qualcomm Stock Suitable for Your IRA or Roth IRA?