Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Earnings Preview: Has This Chipmaker Finally Bottomed?

[at TheStreet] – With Qualcomm trading at five-year lows, frustrated shareholders will be looking for an upbeat outlook when the San Diego-based semiconductor giant reports on Wednesday. Read more on this. QUALCOMM Incorporated (QCOM) , valued at $71.89B, finished at $47.05. Looking at the stock, its one day range is $47.79 to $48.28 with the price of the stock fluctuating between $44.39 to $74.09 over the last 52 weeks. QCOM shares are currently priced at 11.23x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 11.27x earnings multiple. The company pays shareholders $1.92 per share annually in dividends, yielding 4.17%. According to a consensus of 30 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. The full-year EPS estimate is $4.19, which would be a $0.47 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.69 Billion. If reported, that would be a 19.86% 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. The average price target for QCOM shares by the analysts covering the stock is $61.83, which is 31.41% 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 Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Earnings Report: Q3 2015 Conference Call Transcript Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Stock Down in After-hours Trading Following Earnings Results