|Bid||52.3100 x 1000|
|Ask||52.3200 x 1900|
|Day's Range||51.7800 - 52.4050|
|52 Week Range||51.0500 - 71.6200|
|PE Ratio (TTM)||17.45|
|Dividend & Yield||2.28 (4.39%)|
|1y Target Est||N/A|
For most of 2017 Qualcomm shares and results have been battered by an ongoing dispute with Apple Inc. (NASDAQ:AAPL) over royalties on its intellectual property. Apple demands a cut and Qualcomm, so far, has been unwilling to grant them. Apple has begun using Intel Corporation (NASDAQ:INTC) modem chips in some iPhones, and Qualcomm has responded by asking the International Trade Commission to prevent imports of Apple products containing those chips.
Broadcom’s non-GAAP operating margin rose from 43.5% in fiscal 1Q17 to 44.1% in fiscal 2Q17, coming closer to its long-term target of 45% margin.
Broadcom’s non-GAAP gross margin rose from 62.4% in fiscal 1Q17 to 63.1% in fiscal 2Q17, driven by higher revenues and better-than-expected licensing revenues.