|Bid||66.58 x 3200|
|Ask||66.68 x 800|
|Day's Range||65.97 - 69.15|
|52 Week Range||49.10 - 90.34|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||34.96|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||2.48 (2.88%)|
|1y Target Est||96.59|
Qualcomm announced during its Computex press conference today that it willlaunch the first Snapdragon-powered 5G PC with Lenovo
Lenovo and Qualcomm don't have many details to share, other than the fact that Limitless will use a Snapdragon 8cx chipset and support 5G connectivity. The reference laptop was slightly laggy in applying the edits, but otherwise held up.
-- Named "Project Limitless" The Collaboration Ushers in a New Era of Computing with 5G Always On, Always Connected PCs Built on the Snapdragon 8cx 5G Compute Platform -- TAIPEI, Taiwan , May ...
This week was a big week in tech. Tesla Inc. (NASDAQ:TSLA) fell below $200 and closed the week below that round number. Half a year ago, very few Tesla bulls would have thought Tesla would trade where it is. Some believe Tesla shares could go lower given its cash burn. Others believe Tesla's demand is […]
Earlier this month, Qualcomm investors thought some of the chip maker’s legal issues were abating after the company’s big agreement with Apple, but on Wednesday, the company was seen as having more uncertainty after a federal court ruling.
Following the U.S. Commerce Department’s addition of Huawei and its affiliates to its Entity List—which prohibits the sale of certain U.S.-origin technologies to Huawei without a license—Qualcomm’s shares have sold off. While the Huawei uncertainty could impact the timing of QTL [Qualcomm Technology Licensing] negotiations, we believe there is minimal impact to QCT [actual chipsets, used in phones, for example]. In fact, we believe that Huawei is a minor customer for QCT, and we believe that Huawei’s losing share in the handset market is a net positive for Qualcomm, as that share loss is likely to be borne by handset original equipment manufacturers, or OEMs, that are paying full royalties to Qualcomm.
The stock market correction intensified this week along with China trade war fears. Qualcomm and other chipmakers dived. So did department stores and Tesla.
Qualcomm investors thought some of its biggest legal issues were abating after the company’s recent agreement with Apple. But a federal court ruling has tossed the chip maker right back into a sea of uncertainty.
Last week, the U.S. Commerce Department added Huawei Technologies to its Entity List, saying, “The U.S. government has determined that there is reasonable cause to believe that Huawei has been involved in activities contrary to the national security or foreign policy interests of the United States.” This in effect bars the Chinese telecom equipment maker from doing business with U.S. companies, although the trade restriction was given a 90-day reprieve a few days later.
With President Donald Trump’s latest move to put Huawei on an export blacklist, U.S. companies that supply components, services, or technical support to the Chinese telecom giant will all take a hit.
The Qualcomm antitrust case illustrates unusual friction between the Federal Trade Commission and the Justice Department—with 5G in the background.
Qualcomm stock’s big plunge this week is a buying opportunity, according to Bank of America Merrill Lynch.
Tech stocks fell further than most other sectors -- they sank in response to an apparent escalation of the trade war between the U.S. and China. West Texas crude oil prices dropped even more than that. The chip maker’s stock started tumbling after a U.S. court ruled against it in an antitrust case late on Tuesday.
Dhiraj Bajaj, whose Lombard Odier Asia Value Bond Fund outperformed 98% of peers this year, sold the fund’s Huawei 2026 dollar notes after the Trump administration placed the company on a blacklist that curtails access to U.S. suppliers. The world’s largest provider of networking gear has become a key focus for global investors as they assess the fallout from rising tensions between China and the U.S. over everything from trade to espionage and technological dominance. While some analysts have argued that Huawei’s default risk is minimal given its large cash holdings and potential support from China’s government, Bajaj said the U.S. blacklist has raised questions about future cash flows.
Politics hung heavily over the business world this week. Shares fell as the trade dispute between the US and China deepened. Elections for a new European Parliament raised fears of protectionism from the populist right.
Heightened worries that the U.S. and China are headed for a long standoff in their costly trade dispute put investors in a selling mood Thursday
Qualcomm (QCOM) stock has taken investors on quite a roller-coaster ride recently. The stock was trading around $90 earlier this month after reaching a settlement with Apple over patent royalties. The settlement also opened up the possibility that Apple will release a 5G iPhone with Qualcomm’s modem technology. However, news broke Wednesday morning that a court ruled the company violated antitrust law in the phone chips space, sending shares back to $68.What's next? Susquehanna's Christopher Rolland remains optimistic about Qualcomm's future, reiterating a Positive rating but cutting the price target by 15% from $100 to $85 based on the ruling. (To watch Rolland's track record, click here)Judge Lucy Koh ruled with the FTC, saying “Qualcomm’s licensing practices have strangled competition…” which have harmed rivals and consumers. As part of the ruling, which Qualcomm is appealing, Koh said the company must change its business practices, including renegotiating licensing agreements, offering to license its patents to rival chipmakers and no longer signing exclusive agreements with smartphone makers that block rivals. After just recently signing a licensing agreement with Apple, Rolland says that Apple “may have the opportunity to renegotiate its long-term agreement with Qualcomm.” Though he does not know for sure how it would play out, Rolland expects Apple to “have the opportunity to break the multi-year chip agreement if they choose to use another supplier.” But while Apple may gain some power, the company still relies on Qualcomm for gettings its iPhone to 5G, so Rolland believes it will “tread lightly” with Qualcomm. Moving forward, Rolland expects Qualomm’s legal expenses to “likely remain elevated,” as the company appeals the ruling. If the appeal is lost, Qualcomm “profitability may be significantly reduced as the judge did not believe Qualcomm could charge a royalty on the end device (handset), but rather the modem.” Finally, though Rolland says this only has a small impact, “this ruling allows for customers to more easily break long-term chip agreements,” which may cloud investors’ revenue vision for the future. All in all, Qualcomm stock is diving as investors' excitement about the Apple deal has waned. However, analyst are still bullish on the long-term, as Qualcomm has proved its place as a leader in 5G. TipRanks analysis of 21 analyst ratings shows a consensus Moderate Buy rating, with 15 analysts saying Buy and six Hold. The average price target among these analysts stand at $85.76, about 29% above current levels. Read more on QCOM: * A Look at Qualcomm (QCOM)-FTC Outcome and Its Impact on Apple (AAPL) * Will Qualcomm (QCOM) Stock Price Get Back to $60-65? * Qualcomm (QCOM) Stock Is a Buy Despite Huawei Saga, Says Analyst More recent articles from Smarter Analyst: * Love or Hate Aurora Cannabis (ACB) Stock, That’s Where the Money Is * Micron's (MU) Tech Roadmap Highlights Flattening Cost Curve, Says Analyst; Reiterates Neutral on the Stock * Time to Cash Out on Cannabis Stock Canopy Growth (CGC) * GW Pharmaceuticals (GWPH) Stock Could Run Much Higher Over Time
Qualcomm Inc. shares fall for a second day as analysts respond to renewed uncertainty at the chip maker with a downgrade and price cuts.
Ned Davis Research points out that Qualcomm had 67% of its 2018 revenue come from China, while Micron saw 57.1% of its sales come from the second-largest economy in the world. Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers like Qualcomm, Micron Technology and Broadcom, according to Ned Davis Research. The firm points out that Qualcomm QCOM had 67% of its 2018 revenue come from China, while Micron MU saw 57.1% of its sales come from the second-largest economy in the world.
This week's major tech stories include new Intel chips in Macbooks, Qualcomm's monopoly ruling and new portable game console from iOS software vets, Panic.
Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Cheung, and Heidi Chung State Street Global Advisors Chief Investment Strategist Michael Arone to discuss.