Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Intel May Transform from Outside In, Says Linley Group

[at Barrons.com] – Linley Gwennap, long-time chip observer and leader of The Linley Group, which produces the excellent newsletter Microprocessor Report, as well as other publications, and conferences, opines in an editorial this week that there is a giant wave of outsiders coming to Intel (INTC) for the first time in its history, which could have a transformative effect on the company. Gwennap summarizes the historically insular culture of Intel by observing that as a consequence of a corporate culture that was hard to change, “the company has struggled to gain traction in new markets and has suffered from long product-development cycles.” But there is a sudden influx of outsiders, of which only the latest development is the hiring last month of former Qualcomm (QCOM) chip executive Murthy Renduchintala. Read more on this. QUALCOMM Incorporated (QCOM) , with a current market cap of $73.75B, began trading this morning at $48.55. Looking at today’s market, QCOM one day range is $48.43 to $49.19 with a one year range of $45.93 to $75.72. QCOM shares are currently priced at 11.69x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.87x earnings multiple. 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. The full-year EPS estimate is $4.17, which would be a $0.49 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.67 Billion. If realized, that would be a 20.14% decrease over the year-ago quarter. In terms of ratings, JP Morgan upgraded QCOM from Neutral to Overweight (Dec 17, 2015). Previously, Standpoint Research upgraded QCOM from Hold to Buy. The average price target for QCOM shares is $62.23, which is 28.18% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: 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? Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Stock Down in After-hours Trading Following Earnings Results