Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – UnitedHealth And Qualcomm Launch Wearable Device Coverage Plan

[at Forbes] – Health insurance giant UnitedHealth Group and big chipmaker Qualcomm are rolling out nationwide a wellness health benefit that links patients and their wearable devices to a plan that offers cash rewards for reaching health goals and specific outcomees. UnitedHealthcare Motion is more than “throwing a Fitbit at people” to do “step Read more on this. QUALCOMM Incorporated (QCOM) , with a current value of $76.82B, ended trading yesterday at $50.79. Today’s price range has been between $51.06 and $51.46 per share and has traded between $42.24 and $74.09 over the past year. QCOM shares are currently priced at 12.39x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.12x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.92 per share annually in dividends, yielding 3.72%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $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 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.33 Billion. If realized, that would be a 22.64% decrease over the year-ago quarter. In terms of ratings, Bernstein upgraded QCOM from Mkt Perform to Outperform (Feb 16, 2016). Previously, Susquehanna upgraded QCOM from Neutral to Positive. With the above information in mind, readers should note that the average price target is $57.64, which is 13.49% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is Qualcomm Finally A Buy After 18 Months Of Negativity? Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – New Qualcomm Trial Could Provide Upside For These Semiconductor Stocks Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Appoints Jeffrey W. Henderson to its Board of Directors