|Bid||75.99 x 800|
|Ask||76.00 x 1100|
|Day's Range||75.06 - 76.61|
|52 Week Range||49.10 - 90.34|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||40.16|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||2.48 (3.33%)|
|1y Target Est||86.87|
Yahoo Finance’s Adam Shapiro, Julie Hyman, Tom Belger, and Andy Serwer join LendingTree Chief Economist Tendayi Kapfidze to discuss.
Qualcomm (NASDAQ:QCOM) has gotten a break on its controversial policy of linking chip sales to its patents, which could move Qualcomm stock in the short term. Click to EnlargeThe bump looks like a heartbeat on an EKG, a spike of $3.50 per share that came after the Department of Justice uttered the magic words "national security" in defense of what Judge Lucy Koh and the Federal Trade Commission have called an illegal monopoly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn a friend of the court brief filed with the Court of Appeals for the 9th Circuit, Justice was joined by the Departments of Defense and Energy in arguing that Koh's decision threatens American leadership in a crucial sector of the global economy.The letter is unequivocal: "Immediate implementation of the remedy could put our nation's security at risk, potentially undermining U.S. leadership in 5G technology and standard-setting, which is vital to military readiness and other critical national interests." * 10 Tech Stocks That Are Still Worth Your Time (And Money) Despite the letter, and a column from our own Bret Kenwell calling this "the perfect opportunity to profit from Qualcomm stock," shares fell steadily after the spike. They opened July 19 at about $74.40, $1.30 per share lower than before the DoJ letter came out. Qualcomm Stock and International TroublesOne reason was a $272 million fine the European Union levied against Qualcomm. This was for blocking a British modem chip maker named Icera, later bought by Nvidia (NASDAQ:NVDA) and closed, from the 3G baseband chip market a decade ago. Qualcomm calls the fine meritless.It's the second big EU fine in a year for Qualcomm, following a $1.1 billion levy over its treatment of Apple (NASDAQ:AAPL). Apple settled its legal argument with the San Diego company in May, sending the shares from the mid-50s to the mid-80s within a few days.Barclays (NYSE:BCS) analyst Blayne Curtis placed the Justice letter against the EU fine and dropped his rating on Qualcomm.The merit in the Justice Department's argument is nationalistic, not legal. It is a political letter. Questionable Tactics and QualcommQualcomm's tactics of "no license, no chips" have given it monopoly power as mobile operators and others begin spending big on 5G networking gear. Even Apple was forced to back down, seeing that Intel (NASDAQ:INTC) was too far behind Qualcomm to deliver a competitive design in a timely manner.But Qualcomm does face a potential rival in China's Huawei, called a big winner after Koh's decision . When the Apple case was still alive, in January, Qualcomm had reached an interim patent licensing deal with Huawei.The Koh decision, based on facts Apple gave the Federal Trade Commission, led veteran analyst Rob Enderle to say Huawei will now win the race to 5G, predicting the company will pivot to its own, proprietary designs and come back stronger, as Microsoft (NASDAQ:MSFT) did after its own antitrust fight.The argument is that Qualcomm CEO Steve Mollenkopf may be a son of a bitch, but he's our son of a bitch. The Bottom Line on Qualcomm stockKenwell's argument for Qualcomm stock is based on reading technical charts. Fundamentally he acknowledges the risk in Koh's decision and the European fines.But Qualcomm is now selling for less than four times its annual sales. Its dividend of 62 cents per share, well supported by earnings, represents a yield of 3.33%. That's better than what you get on a 30-year bond. This at a time when Adobe (NASDAQ:ADBE) is selling for over 15 times sales, without a dividend.If Qualcomm loses and must adjust its business practices, it's still going to win a big share of the 5G modem marketplace. If it wins, and the U.S. has now put its thumb on that scale, the stock is cheap.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AAPL, and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post National Security as Protectionism Will Keep Driving Qualcomm Stock appeared first on InvestorPlace.
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday. Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said. A White House official confirmed the meeting would take place, noting that Google and Micron would attend, but said it had been called to discuss economic matters.
These stocks are likely to endure sharp revenue declines in the next 12 months as demand weakens and the U.S.-China trade dispute drags on.
As one of the world's premiere chipmakers, Intel (NASDAQ:INTC) naturally attracts significant attention from market participants. However, this period draws more eyeballs than usual.Source: Shutterstock It's not only about the company's upcoming second quarter of 2019 earnings report. Rather, it's whether the semiconductor firm has finally addressed its challenges to justify taking a shot at Intel stock.Understandably, many investors are not convinced with INTC stock. In Q1, the chipmaker delivered a beat on both per-share profitability and revenue. Ordinarily, such results would spike the Intel stock price. But that's not what happened, primarily due to management disclosing a rather disappointing guidance for the rest of the year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor one thing, Intel didn't see a "clear path to profitability" in the mobile 5G space. Essentially, this move gave rival Qualcomm (NASDAQ:QCOM) significant leverage in the next-generation telecommunications sector. Just as critically, Intel lost credibility with its core customers. For instance, Apple (NASDAQ:AAPL) desperately hoped that Intel could provide a 5G solution because it has a poor relationship with Qualcomm.Failing your enterprise clients is a surefire way to ruin your reputation. Thus, I can't blame the markets for taking down the Intel stock price a few notches. * 7 Stocks Top Investors Are Buying Now Secondly, the competition smells blood. Of course, I'm mostly referring to Advanced Micro Devices (NASDAQ:AMD). A perpetual runner-up, AMD has finally taken Intel to task for its many errors. Now, AMD has the chipset portfolio to compete with Intel on laptop PCs, data servers and enterprise-level businesses. With the rival bringing attractive pricing and top-notch products to the table, INTC stock appears incredibly troubled. Intel Stock Is an Ideal Contrarian InvestmentNaturally, folks may wonder if they should take the obvious trade: dump INTC stock and get on board AMD (or another upstart rival)? Although the narrative doesn't appear compelling for INTC, I believe that shares offer an ideal contrarian investment.Generally speaking, both the investor and the techie community are heaping the love on AMD. I get it. Most folks love a good underdog story, and AMD is it. Plus, the company has a rabid following that is difficult to explain.If you want to start a verbal tussle, say something negative about AMD. If you want threats to your safety, talk positively about Intel stock in the same breath.But this scenario is ripe for going against the grain. Despite Intel's reputation as an established stalwart, it still has a viable growth narrative. For example, Q4 2006 to Q1 2019, the correlation coefficient between corporate revenue and INTC stock is 87%. Even under a more recent comparison from Q1 2014, the correlation remains strong at 82%. Click to EnlargeWhat am I saying here? As revenue increases, so too does the Intel stock price. And it's doing so consistently, meaning that this investment is rational: the technicals largely trade on the fundamentals.However, when the price action dips significantly as we saw following the Q1 2019 earnings report, I believe contrarians have an opportunity to profit. Mainly, I think this because the bad news is baked into the Intel stock price.Sure, the company has suffered some embarrassing internal and operational gaffes. But to be perpetually bearish on INTC stock doesn't really make sense. We're talking Intel here. If anything, they have the resources to aggressively reclaim lost ground that other competitors do not have. INTC Stock Remains a PowerhouseAnother factor to consider is that AMD may have matched Intel in terms of chip performance and capabilities. However, that's just one component. As a significantly smaller outfit, AMD doesn't have the bandwidth to take down INTC comprehensively.For instance, look at the PC market. Intel's delays in distributing its 10-nanometer chips have opened the door to AMD to steal segment share. However, AMD is only able to provide the chips themselves.But the PC market is much more than just processors. As the larger company, INTC offers related components to its enterprise clients, such as Wi-Fi chips and NAND flash. It also builds platforms so client manufacturers can maximize the potential of their PC products.In other words, Intel is too deeply embedded within the broader tech market to simply unseat. Therefore, I feel confident that Intel stock can rise from its present (and likely temporary) challenges.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Hereas Why the Contrarian Case for Intel Stock Makes Sense appeared first on InvestorPlace.
Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, competes with Samsung Foundry (SSNLF) and Global Foundries.
SAN DIEGO , July 19, 2019 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company's financial results for its third quarter fiscal 2019 on Wednesday, July ...
The following are the top stories in the Wall Street Journal. - U.S. President Donald Trump said the U.S. Navy downed an Iranian drone that was flying too close to a U.S. warship in the Strait of Hormuz, hours after Iranian forces said they had seized a foreign tanker, the latest in a series of incidents that have ratcheted up tensions in a vital oil shipping route. - Anheuser-Busch InBev is considering selling off business units in South Korea, Australia and Central America to cut its massive debt pile as it pursues a backup plan after calling off the listing of its Asian business, according to people familiar with the matter.
The US-China trade deal is reportedly 90% complete. However, it’s the remaining 10% that’s turning out to be difficult.
Qualcomm (NASDAQ:QCOM) stock has been volatile over the past few months. QCOM stock went from $57 in mid-April to almost $90 by the end of the month. By mid-May -- one month after Qualcomm stock rocketed higher -- the shares were back down to $65.Source: Shutterstock Holy moly, that's a lot of volatility for a name that many own for income. Some income investors can ignore that kind of noise and use it to their advantage. That is, they can reap the reward of the gains of QCOM stock, yet smile when it declines, knowing that their reinvested dividends are buying more shares of QCOM stock. * 7 Stocks Top Investors Are Buying Now But QCOM stock looks like a tough dividend stock to stomach. After all, Qualcomm stock is bouncing around more than high-octane growth names like Shopify (NASDAQ:SHOP) and Roku (NASDAQ:ROKU), with the latter name recently hitting new, all-time highs. The bottom line is that there are far less volatile names with yields similar to that of QCOM stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the charts indicate that Qualcomm stock could be presenting investors with the perfect buying opportunity. Let's take a closer look. Trading QCOM Stock Click to EnlargeQCOM is sitting right above its uptrend support, depicted by the upward-sloping blue line. However, on Tuesday QCOM stock importantly closed over its short-term downtrend resistance (depicted by the downward sloping blue line with the number "2" above it. ). A similar pattern has played out for a longer period of time, with the purple lines highlighting the wedge.So what does all this mean?That data alone isn't necessarily enough to convince investors to go long QCOM stock, but have a closer look; Qualcomm stock is staying above its 20-day and 50-day moving averages.The most attractive part of the setup, though, is the fact that QCOM is so close to its uptrend support and those moving averages. That puts buyers in a low-risk trading situation. Since it's easy for them to pull the plug on the trade and sell their position on a slight breakdown, they can avoid the pain of a major reversal. The only caveat is that QCOM can't be too volatile.With their downside limited, traders can look to ride QCOM stock up to its monthly high near $80.76. Click to EnlargeFor longer term investors, this trade setup may not be applicable. However, for them, another trade may be worthwhile. Specifically, it's pretty clear what a vital level $65 is for QCOM stock. While it seems unlikely that the tech giant would pull back and test that area, remember that it did so just last month.An unfavorable development involving Apple (NASDAQ:AAPL), the DoJ or any number of catalysts can negatively impact Qualcomm stock. Keep the $65 level in mind on any deep pullbacks. Weighing Qualcomm StockRecently, I asked whether being long Qualcomm stock was worth the risk. In its settlement with Apple, Qualcomm was paid at least $4.5 billion and agreed to a six-year licensing deal. Further, all legal disputes between the two companies were dropped, clearing a huge headwind for QCOM stock and making one of the world's richest firms its customer.The bulls didn't get to enjoy their spoils for long, though.The FTC made a huge fuss about Qualcomm, arguing that its practices are anti-competitive. Judge Lucy Koh ruled that QCOM is a monopoly and must change the way it does business. The FTC also accused QCOM of charging excessive licensing fees for its technology and has forced the company to submit annual compliance reports for the next seven years to the agency.On Wednesday, QCOM stock rose slightly as the DoJ reportedly sought to delay the enforcement of the antitrust ruling. The Justice Department argued that the ruling would force the Department of Energy and the Department of Defense to suffer intolerable supply disruptions. The DoJ also says that QCOM will likely win its appeal.At the end of the day, the legal issues facing QCOM create both opportunity and risk.While analysts, on average, only expect QCOM's earnings to increase an anemic 2.7% this year, investors are banking on forecasts of 35% growth next year.I like the way QCOM stock has set up on the chart, but I am also aware of its legal risks.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. Bret Kenwell was long AAPL, ROKU and SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Is Qualcomm Stock Presenting Investors With the Perfect Opportunity? appeared first on InvestorPlace.
It seems like Qualcomm (NASDAQ:QCOM) stock has been featured in the news every day -- and not always in a positive light.Bad news follows upon good news, leaving investors with a seasick feeling and shaking some shareholders out of their position.I don't think it's necessary to panic-sell Qualcomm stock now; if anything, it could be a time to buy on the dips and hold until the news-induced catalysts blow over.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Top Investors Are Buying Now Personally, I enjoy this type of volatility - especially when the company has a solid product offering, which I believe is the case with Qualcomm. Too Big for Its Own Good?Usually safety-minded investors prefer to invest in large companies that dominate their respective industries, but occasionally you'll see a company that gets so big that antitrust concerns rear their ugly head. That seems to be the case with Qualcomm, as government intervention has pushed the QCOM stock price up and down with each new development.As the No. 1 chip maker in the world, perhaps we ought to have expected some pushback from regulators at some point. In early 2018, the European Commission fined Qualcomm 997 million euros for apparently abusing its market dominance in LTE baseband chipsets. Evidently, Qualcomm had prevented its rivals from competing in the market by making significant payments to a key customer on the condition it would not buy from rivals (this is illegal under strict EU antitrust rules).In the words of Commissioner Margrethe Vestager, Qualcomm "illegally shut out rivals from the market for LTE baseband chipsets for over five years, thereby cementing its market dominance."I can only imagine the venom with which Ms. Vestager issued that indictment, but (and this might be my free-market Americanism revealing itself) I look at the words "shut out rivals" and "cementing its market dominance" as positives, not negatives (as an investor, at least). More Money, More ProblemsWord on the street is that Qualcomm may face a second EU antitrust fine for allegedly blocking rivals from competing in the market. It appears the European Commission is seeking to make an example of Qualcomm; as I see it, the EU's fines can't keep a good company down for long.Back in the U.S., Qualcomm lost an antitrust lawsuit brought by the Federal Trade Commission in May of this year; federal Judge Lucy Koh alleged that Qualcomm has engaged in a "no license, no chips" policy wherein the company would not sell chips to customers unless they also inked a licensing agreement. In reference to this, Koh asserted that Qualcomm "refused to license its rivals and restricted rivals' customer base with the intent to prevent rivals from investing in research and development, and to weaken them in the market."In the most recent turn of events, however, the U.S. Department of Justice is now asking courts to delay the enforcement of Koh's decision. Noting that Qualcomm's 5G capabilities are "foundational for new military capabilities," the DoJ has invoked nothing less than the security of the nation in its defense of Qualcomm:The district court's ruling threatens competition, innovation, and national security. Its liability determination misapplied Supreme Court precedent, and its remedy is unprecedented. Immediate implementation of the remedy could put our nation's security at risk, potentially undermining U.S. leadership in 5G technology and standard-setting, which is vital to military readiness and other critical national interests.I had never thought of a QCOM stock position as an investment in our national security -- but hey, as long as I'm profiting, I'll take any excuse I can get. The Bottom Line on QCOM StockRelax -- you don't need an excuse as profound as national security to own Qualcomm stock now. As far as I'm concerned, antitrust fines are a temporary problem and a sign of a truly redoubtable company; in truth, the only ones who should fear Qualcomm are the competition.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post No Worries About Qualcomm Stock -- You Can Safely Hold Your Shares appeared first on InvestorPlace.
Ericsson (ERIC) second-quarter 2019 earnings miss by a penny, while AT&T (T) collaborates with IBM to facilitate diverse businesses to harness edge connections and edge computing capabilities.
The 5G iPhone is coming, and one Wall Street analyst thinks it will be a big catalyst for Apple Inc (NASDAQ: AAPL ) and iPhone supplier Skyworks Solutions Inc (NASDAQ: SWKS ). The Analyst Raymond James ...
Apple’s key chip supplier Qualcomm has been fined €242m (£217m) by the European Union for engaging in “predatory pricing” practices that forced a British competitor out of the market.
Fresh off its high-profile feud with Apple, Qualcomm is suffering more legal woes. An investigation by the European Commission has found Qualcomm abused its market dominance in the manufacture of 3G baseband chipsets and will have to pay a steep €242 million ($271 million) fine. The case refers to a period between 2009 and 2011 when Qualcomm was in competition with NVIDIA's modem business, Icera, to create smaller and more efficient wireless chips.
A long-running European antitrust investigation into whether Qualcomm used predatory pricing when selling UMTS baseband chips about a decade ago has landed the chipmaker with a fine of €242 million (~$271M) -- aka, 1.27% of its global revenue for 2018. The EU regulator concluded Qualcomm used abusive pricing to force its main rival at the time, UK-based company Icera, out of the market -- by selling certain quantities of three of its UMTS chipsets below cost to two strategically important customers: Chinese tech companies Huawei and ZTE. .@Qualcomm sold baseband chipsets (for mobile devices to connect to the Internet) at a price below cost to key customers.
Qualcomm , the world's no.1 chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. The European Commission, the EU's competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, now part of Nvidia Corp . "Qualcomm's strategic behavior prevented competition and innovation in the market," Competition Commissioner Margrethe Vestager said in a statement.
Investing.com - U.S. futures fell on Thursday, under the dual impact of a disappointing quarterly update from Netflix and revived concerns about U.S.-China trade.
Qualcomm, the world's no.1 chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. The European Commission, the EU's competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, now part of Nvidia Corp. "Qualcomm's strategic behaviour prevented competition and innovation in the market," Competition Commissioner Margrethe Vestager said in a statement.
Qualcomm Inc. said Thursday it is planning to appeal at European Commission finding that it engaged in predatory pricing practices for sales of three cellular baseband chipsets to two customers during certain calendar quarters between 2009 and 2011. The commission fined the chip company 242 million euros ($271 million). Qualcomm plans to appeal the finding to the General Court of the European Union, and will offer a financial guarantee in lieu of paying the fine while the appeal is pending. "The Commission spent years investigating sales to two customers, each of whom said that they favored Qualcomm chips not because of price but because rival chipsets were technologically inferior,' the company's general counsel Don Rosenberg said in a statement. Qualcomm shares fell 1.1% in premarket trade, but have gained 33% in 2019, while the S&P 500 has gained 19%.
The US chip giant Qualcomm was hit with a €242m fine on Thursday by the European Commission for abusing its dominant market position by using predatory pricing, concluding a nine-year case just as Brussels’ antitrust chief prepares to leave office. The commission’s investigation found that Qualcomm from 2009 to 2011 sold its own chipsets to two big customers without covering the cost of manufacturing them, with the explicit aim of pushing out smaller competitors such as the British start-up Icera. , the EU’s competition commissioner, to the US group for using unlawful business practices to muscle out competing 3G and 4G chipsets.
SAN DIEGO, July 18, 2019 /PRNewswire/ -- Qualcomm Incorporated (QCOM) announced that the European Commission's Directorate General for Competition, after a 10-year investigation, issued a finding that Qualcomm engaged in predatory pricing practices for some sales of three cellular baseband chipsets to two customers during a few calendar quarters between 2009 and 2011, and fined Qualcomm 242 million euros. Qualcomm plans to appeal the finding to the General Court of the European Union. Qualcomm intends to provide a financial guarantee in lieu of paying the fine while the appeal is pending. "The Commission spent years investigating sales to two customers, each of whom said that they favored Qualcomm chips not because of price but because rival chipsets were technologically inferior. This decision is unsupported by the law, economic principles or market facts, and we look forward to a reversal on appeal," said Don Rosenberg, executive vice president and general counsel of Qualcomm.