|Bid||112.40 x 100|
|Ask||112.45 x 100|
|Day's Range||112.39 - 112.70|
|52 Week Range||80.13 - 113.39|
|PE Ratio (TTM)||20.58|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The news surrounding Qualcomm, Inc. (NASDAQ:QCOM) has not been good for some time. While the company’s battle with Apple Inc. (NASDAQ:AAPL) has garnered the headlines of late, concern about Qualcomm isn’t new. The weakness in Qualcomm has been driven by two primary factors.
At first glance, Qualcomm, Inc. (NASDAQ:QCOM) is a terrible underperformer. Down nearly 20% year-to-date, QCOM stock is making the benchmark SPDR S&P 500 ETF Trust (NYSEARCA:SPY) look compelling. According to InvestorPlace contributor Vince Martin, Qualcomm faces an existential threat.
Needham & Co. analyst Rajvindra Gill estimates that the Toyota deal would add $1.0 billion–$1.7 billion to NVIDIA’s revenues and $0.35–$0.65 to the chip supplier’s EPS by 2019.