Market Update (NASDAQ:QCOM): Qualcomm Analyst Day ‘Uneventful,’ FBR Says

[Benzinga] – The share price of QUALCOMM, Inc. (NASDAQ: QCOM ) has declined 38.35 percent over the past one year, to a low of $42.96 on February 10. FBR’s Christopher Rolland has maintained a Market Perform rating … Read more on this. QUALCOMM Incorporated (QCOM) , with a current value of $65.71B, opened this morning at $43.34. Today, shares have traded between $43.08 and $44.23 per share with the price of the stock fluctuating between $42.24 to $74.09 over the last 52 weeks. QCOM shares are currently priced at 10.46x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 14.48x earnings multiple for the same period. The company pays shareholders $1.92 per share annually in dividends, yielding 4.36%. According to a consensus of 25 analysts, the earnings estimate of $0.96 per share would be $0.44 worse than the year-ago quarter and a $0.06 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.11, which would be a $0.55 setback when compared to the last 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. Recently, Susquehanna upgraded QCOM from Neutral to Positive (Jan 13, 2016). Previously, JP Morgan upgraded QCOM from Neutral to Overweight. The average price target for QCOM shares by the analysts covering it is $58.54, which is 35.07% above where the stock opened. See more in (NASDAQ:QCOM) Similar Articles: Market Update (NASDAQ:QCOM): Qualcomm Incorporated to Host Analyst Meeting Market Update (NASDAQ:QCOM): Qualcomm (QCOM) Stock Down on Dismal Outlook Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Earnings Preview: Has This Chipmaker Finally Bottomed?