Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Appoints Jeffrey W. Henderson to its Board of Directors

[PR Newswire] – SAN DIEGO, Jan. 14, 2016 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced the appointment of Jeffrey W. Henderson to its Board of Directors. Henderson brings 30 years of financial and … Read more on this. QUALCOMM Incorporated (QCOM) , with a current market cap of $71.74B, started trading this morning at $46.21. Today’s price range has been between $45.84 and $48.01 per share with its 52-week range being $45.33 to $74.09. Qualcomm (QCOM) shares are currently priced at 11.08x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.54x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.17%. According to a consensus of 28 analysts, the earnings estimate of $0.90 per share would be $0.44 worse than the year-ago quarter and a $0.19 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.16 is a $0.50 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.68 Billion. If reported, that would be a 20.00% decrease over the year-ago quarter. In terms of ratings, 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 the stock is $62.00, which is 34.17% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Stock Update (NASDAQ:QCOM): EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Qualcomm Incorporated – QCOM Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – From Disappointment To Modest Optimism: The Street Is Mixed On Qualcomm Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Stock Down in After-hours Trading Following Earnings Results