54.92 0.00 (0.00%)
After hours: 5:18PM EST
|Bid||54.50 x 1300|
|Ask||54.90 x 900|
|Day's Range||54.07 - 55.43|
|52 Week Range||48.56 - 76.50|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.48 (4.48%)|
|1y Target Est||68.50|
Qualcomm (QCOM) has removed most of the uncertainty surrounding its business. However, the uncertainty about Apple (AAPL) remains. Analysts are divided between a “buy” and a “hold.” For Qualcomm, 12 out of 24 analysts monitoring the stock having a “buy” recommendation, while 11 analysts have a “hold” recommendation.
Qualcomm’s (QCOM) licensing business has lost its seasonality since the third quarter of fiscal 2017. Apple (AAPL) retained royalty payments until a settlement is reached. Amid the dispute with Apple, Qualcomm is looking to broaden its licensing revenue streams.
Qualcomm (QCOM) has been facing short-term losses due to legal, macroeconomic, and business headwinds. Weak returns over the last two years have put immense pressure on Qualcomm’s management to generate returns. Qualcomm’s current management has accelerated its 5G (fifth-generation) efforts and let go of opportunities where things have not been in its control.
Ericsson (ERIC) is steeling itself for a significant fine resulting from investigations into its compliance with America’s Foreign Corrupt Practices Act (or FCPA). The company’s compliance with the FCPA has been under scrutiny by the Securities and Exchange Commission since 2013 and the Department of Justice since 2015. Ericsson said last month that it was discussing a resolution of the probes, but it warned that a settlement could result in it being hit with a fine.
Ericsson (ERIC) continues to persuade EU policymakers to allow freedom on connected-vehicle technologies that can be used in the bloc. The European Commission, the executive arm of the EU economic bloc, is working out legislation around connected vehicles, but there are disagreements about whether Europe should favor cellular-based technology or WiFi-based technology for connected vehicles.
Qualcomm (QCOM) earns revenues in two ways—selling chips and licensing its technology. Qualcomm doesn’t license its modem technology to rivals like Intel and MediaTek. Some regulators objected to the practice and said it was an anti-trust issue. In August, Qualcomm settled the anti-trust issue with Taiwan’s FTC (Federal Trade Commission). Now, Qualcomm is in settlement talks with the US FTC.
In this series, we’ve learned that Qualcomm’s (QCOM) fiscal 2018 earnings took a hit as the smartphone market weakened and modem orders from Apple (AAPL) fell to zero. Qualcomm also withdrew from its NXP Semiconductors (NXPI) acquisition to remove uncertainty and focus on other growth opportunities. As Qualcomm’s investment in the NXP acquisition failed to materialize, its ROI (return on investment) took a big hit. A company’s efficiency ratios show the returns its management delivers from investments.
Qualcomm (QCOM) expects its MSM (Mobile Station Modem) shipments to fall by 50 million to 55 million units due to lost modem orders for Apple’s (AAPL) new iPhones. Looking at the low MSM shipments, we expect Qualcomm’s chipset revenues to fall 16% sequentially and YoY (year-over-year) to $3.9 billion in the first quarter of fiscal 2019. Qualcomm expects the chipset operating margin to fall to 13%–15% in the first quarter from 17% in the fourth quarter of fiscal 2018 as the benefits from the higher ASP (average selling price) from Chinese handset makers fades.
Qualcomm’s (QCOM) weak GAAP (generally accepted accounting principles) earnings resulted in operating cash flow of -$436 million in the fourth quarter of fiscal 2018. In the fourth quarter of fiscal 2018, Qualcomm repaid $8 billion in debt, which reduced its total debt to $17.6 billion from $25.5 billion in the third quarter. When Qualcomm withdrew from the NXP acquisition, it pledged to return $30 billion to shareholders through a stock buyback.
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Qualcomm (QCOM) stock fell when the company reported a weaker guidance and the loss of Apple’s (AAPL) modem orders. Qualcomm earns revenues in two ways. First, the company’s chipset business sells modems and Snapdragon chipsets to smartphone and other device makers. Qualcomm’s licensing business licenses its modem technology to handset makers.
Qualcomm’s (QCOM) operating margin has contracted over the last two years due to its ongoing issues with Apple (AAPL). In fiscal 2018, Qualcomm took on debt to acquire NXP Semiconductors (NXPI) but later withdrew from the deal due to a delay in regulatory approvals from China. This development will likely increase Qualcomm’s interest expenses and reduce its EPS in fiscal 2019.
NEW YORK, NY / ACCESSWIRE / November 19, 2018 / U.S. equities finished mostly in the green on Friday as investors digested comments from President Donald Trump, expressing confidence in resolving the current ...
Verizon (VZ) widens its lead over rivals in the race to 5G service and is expected to be the first to offer a 5G upgrade-able smartphone on its network in 2019.
The launch of the SIM-free iPhone XR in the U.S. is faster than typical SIM-free iPhone releases. AAPL typically waits a few months before releasing the SIM-free versions of its smartphones in the U.S. This launch allows customers to buy an iPhone XR without having to first tie it down to a mobile carrier.
Previously, we saw that Qualcomm (QCOM) stock doesn’t show technical weakness even though it fell below its 200-day moving average, which indicates that the stock has growth potential. When the stock momentum is skewed towards one direction, there’s a point when it becomes oversold or overbought. In order to understand investors’ sentiment, we’ll discuss Qualcomm’s 14-day RSI (relative strength index), which measures the intensity of investors’ sentiment. In the two downtrends we talked about in the first part of the series, Qualcomm’s RSI fell below 30 in three instances.
Qualcomm (QCOM) stock was very volatile in the first ten months of 2018 due to macro and company-specific factors. Three companies that influenced Qualcomm stock were Intel (INTC), Apple (AAPL), and NXP Semiconductors (NXPI). Among the four stocks, Qualcomm was the most volatile with a three-year monthly beta of 1.68—compared to Intel’s 0.8, Apple’s 1.21, and NXP Semiconductors’ 1.14.
Qualcomm (QCOM) is one of the companies that has been impacted the most. During fiscal 2018 ending in September, Qualcomm stock fell as low as $48.56 and rose as high as $76.5—its 18-year high. During this time period, Qualcomm stock fell 27% and reached its 52-week low, while the VanEck Vectors Semiconductor ETF (SMH) fell 9%.
In the previous article, we learned that Qualcomm’s (QCOM) revenue has fallen and its operating expenses have risen in the last two years as Apple (AAPL) has halted royalty payments and filed lawsuits against it. The high cost of litigation and the removal of revenue from Apple caused Qualcomm’s non-GAAP (generally accepted accounting principles) operating margin to contract from 35% in the first quarter of fiscal 2017 to 22% in the fourth quarter of fiscal 2018.
The New York Times' expose that revealed the relationship between Facebook and Definers mentioned that the controversial PR firm has another big-name client from the tech industry. While the piece didn't reveal the third company's identity, a couple of reports by Business Insider and NBC News suggest that the firm is none other than Qualcomm. According to BI, Definers' west coast head Tim Miller pitched some its writers a story about the fines Apple incurred due to its legal battle against the chipmaker.
Qualcomm’s (QCOM) business model is divided into two segments: the chipset business, which sells cellular chips and processors to smartphone makers, and the licensing business, which licenses its patents to smartphone makers. Between the first quarter of fiscal 2017 and the fourth quarter of fiscal 2018, Qualcomm’s operating expenses increased from $1.46 billion to $1.84 billion, while its revenue fell from $6.0 billion to $5.8 billion, increasing its operating expense ratio from 24% to 32% during the period. This rise shows the impact of the Apple dispute on Qualcomm.