The company posted solid fourth quarter results, but a licensing dispute with Japanese technology giant LG has surfaced, and the analysts feel the dispute could last through fiscal 2016. They do remain positive on the stock though.
Investors receive a 4.4% dividend. The $75 Merrill Lynch price target is higher than the consensus estimate of $61.83. Shares closed Thursday at $43.59.
Qualcomm price target lowered to $60 from $67 at Brean Capital
Jan 28, 2016 | 07:20 EDT
Brean Capital lowered its price target on Qualcomm to $60 from $67 following Q4 results. The firm believes the shares are discounting much of the market dynamics and its legal challenges and they see a significant opportunity for the company to regain lost market share and margin in its QCT segment in the second half of 2016. Brean Capital maintained its Buy rating on Qualcomm shares.
It was crushed by Money Managers. Its what they do. I'll buy tomorrow. JMO!