Recent

% | $
Quotes you view appear here for quick access.

QUALCOMM Incorporated Message Board

  • diligentconqueror_m diligentconqueror_m Apr 25, 2013 9:20 AM Flag

    "We increase our 12-month target price by $1 to $85, based on P/E peer analysis" - S&P REITERATES STRONG BUY OPINION

    S&P REITERATES STRONG BUY OPINION ON SHARES OF QUALCOMM
    (S&P Capital IQ)
    We increase our 12-month target price by $1 to $85, based on P/E peer analysis. We are increasing our FY 13 (Sep) GAAP EPS estimate $0.01 to $3.92, reducing FY 14's by $0.12 to $4.31, and introducing FY 15's of $4.68. QCOM reports Mar-Q GAAP EPS of $1.06, vs. $0.84, $0.01 better than our estimate. Revenues were 1.5% below our estimate, but interest income was higher than expected. The gross margin was lower than expected, but that was due to a strong performance in the lower-margin chipset business, a trend we expect to continue in FY 13.

    Sentiment: Strong Buy

 
QCOM
50.92-0.21(-0.41%)May 6 4:00 PMEDT