Stock Update (NASDAQ:QCOM): Qualcomm Helps Make Your Mobile Devices Smarter With New Snapdragon Machine Learning Software Development Kit

[PR Newswire] – SAN DIEGO, May 2, 2016 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced at the Embedded Vision Summit in Santa Clara, Calif., that its subsidiary, Qualcomm Technologies, Inc., is offering … Read more on this. QUALCOMM Incorporated (QCOM) , valued at $74.68B, started the session at $50.69. Looking at the equity, the company’s one day range is $50.14 to $50.87 and has traded between $42.24 and $71.32 over the past 12 months. Priced at 12.38x this year’s forecasted earnings, QCOM shares are relatively expensive compared to the industry’s 11.40x forward p/e ratio. The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 4.20%. According to a consensus of 25 analysts, the earnings estimate of $0.96 per share would be $0.03 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.08, which would be a $0.58 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.57 Billion. If reported, that would be a 4.46% decrease over the year-ago quarter. Recently, Rosenblatt downgraded QCOM from Buy to Neutral (Apr 21, 2016). Previously, Barclays downgraded QCOM from Overweight to Equal Weight. With the above information in mind, readers should note that the average price target is $56.69, which is 11.84% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – GoerTek Announces Standalone Virtual Reality Platform, Powered by Qualcomm Snapdragon 820, to Accelerate Cutting-Edge Experiences Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Launches World’s Fastest X16 Modem And A Flurry Of Snapdragon SoCs Stock Update (NASDAQ:QCOM): Qualcomm Reinvigorates Snapdragon With New Snapdragon 820 SoC