|Bid||52.220 x 100|
|Ask||52.220 x 300|
|Day's Range||52.060 - 52.500|
|52 Week Range||48.920 - 71.620|
|PE Ratio (TTM)||20.00|
|Dividend & Yield||2.28 (4.37%)|
|1y Target Est||N/A|
The next generation of internet connectivity is coming in the form of 5G. But you might not want to buy into the hype just yet.
QCOM shares are down because the storm I described back then has grown to hurricane strength. That storm is its dispute with Apple Inc. (NASDAQ:AAPL) over royalty rights, which a judge has now denied Qualcomm’s motions for preliminary injunctions. The patents are called essential to standards and, under U.S. law, Qualcomm is required to offer them on “fair, reasonable and non-discriminatory” (FRAND) terms. Worse, hedge fund titan Paul Singer’s Elliott Management Corporation is backing a move to renegotiate QCOM’s pending merger with NXP Semiconductor NV (NASDAQ:NXPI) seeking a higher price. The move is essential to Qualcomm’s diversification efforts.
In calendar 2Q17, Intel was the most profitable semiconductor company, with a last-12-month EBITDA of $25 billion, followed by TSMC at $20.9 billion.