Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Signs 3G/4G Chinese Patent License Agreement with EWPE

[PR Newswire] – SAN DIEGO, April 6, 2016 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into a new 3G and 4G Chinese Patent License Agreement with Zhuhai Ewpe Information Technology … Read more on this. QUALCOMM Incorporated (QCOM) , valued at $74.63B, started the session at $50.09. During today’s session, QCOM traded between $49.72 to $50.18 and has traded between $42.24 and $71.90 over the past 12 months. QCOM shares are currently priced at 12.18x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.74x earnings multiple. The company pays shareholders $2.12 per share annually in dividends, yielding 4.17%. 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. Investors should also note that the full-year EPS estimate of $4.11 is a $0.55 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. More recently, Barclays downgraded QCOM from Overweight to Equal Weight (Mar 28, 2016). Previously, Bernstein upgraded QCOM from Mkt Perform to Outperform. The average price target for QCOM shares is $56.66, which is 13.12% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm and Ricardo Sign Commercial Wireless Electric Vehicle Charging License Agreement Market Update (NASDAQ:QCOM): Qualcomm (QCOM) Stock Gains on Chinese Patent License Deal Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Signs Definitive Agreement to Sell Vuforia Business to PTC