Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is Qualcomm Finally A Buy After 18 Months Of Negativity?

[Benzinga] – On Tuesday, Bernstein issued a company note on QUALCOMM, Inc. (NASDAQ: QCOM ) after the company’s falling share price has caused analysts to believe there is a favorable risk/reward upside to owning the … Read more on this. QUALCOMM Incorporated (QCOM) , with a current value of $69.06B, opened this morning at $45.60. During the trading session, QCOM traded between $45.41 to $46.24 and has traded between $42.24 and $74.09 over the past year. QCOM shares are currently priced at 10.87x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.90x earnings multiple. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 4.31%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.96 per share, which would be $0.44 worse than the year-ago quarter and a $0.06 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.10 is a $0.56 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.33 Billion. If reported, that would be a 22.64% 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. When considering if the stock is under or overvalued, the average price target is $57.46, which is 26.01% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – New Qualcomm Trial Could Provide Upside For These Semiconductor Stocks Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Earnings Preview: Has This Chipmaker Finally Bottomed? Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Appoints Jeffrey W. Henderson to its Board of Directors