QCOM - QUALCOMM Incorporated
| Previous Close | 51.57 |
| Open | 52.08 |
| Bid | 51.80 x 1000 |
| Ask | 52.00 x 900 |
| Day's Range | 51.60 - 52.36 |
| 52 Week Range | 48.56 - 76.50 |
| Volume | 12,239,519 |
| Avg. Volume | 16,753,175 |
| Market Cap | 62.912B |
| Beta (3Y Monthly) | 0.75 |
| PE Ratio (TTM) | 33.24 |
| EPS (TTM) | 1.56 |
| Earnings Date | May 1, 2019 |
| Forward Dividend & Yield | 2.48 (4.81%) |
| Ex-Dividend Date | 2019-03-06 |
| 1y Target Est | 63.87 |
- Investor's Business Daily Video•9 minutes ago
Qualcomm Goes Beyond Core Mobile Market and Apple In These Growth Segments
Qualcomm Goes Beyond Core Mobile Market and Apple In These Growth Segments
- CNBC Videos•yesterday
Buy the Coca-Cola dip? Which is better: Qualcomm or Broadcom? Plus: where is CAT headed
The "Halftime Report" traders answer viewer questions.
- Engadget•17 hours ago
What to expect from Samsung’s Galaxy S10 event
We're mere days away from Samsung's next Unpacked event, so the Koreanconglomerate is all but ready to dish the details on the Galaxy S10 smartphonefamily
- Business Wire•3 hours ago
QUALCOMM INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of QUALCOMM Incorporated - QCOM
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into QUALCOMM Incorporated (QCOM). In January 2017, the U.S. Federal Trade Commission (“FTC”) filed suit against the Company for anti-competitive trade practices alleging that it maintained a monopoly over chips for mobile phones using policies that violated industry agreements by demanding high royalty fees from customers to license its standard essential patents (“SEPs”) to buy its chips, refusing to license its SEPs to competitors, and entering into an exclusivity contract with Apple preventing other chip suppliers from working with it.
- Market Realist•12 hours ago
Apple to Sell Only Older, Qualcomm-Powered iPhones in Germany
Apple to Sell Only Older, Qualcomm-Powered iPhones in GermanyQualcomm-powered iPhones Qualcomm (QCOM) stock rose more than 1% on February 15, a day after Apple (AAPL) stated that it would sell only older iPhones powered by Qualcomm in Germany (EWG).
- Market Realist•14 hours ago
Trump Declares a National Emergency: Was There One Already?
Trump Declares a National Emergency: Was There One Already?President Trump On February 15, President Trump announced a national emergency to help garner funds for the wall on the US-Mexico border. Declaring an emergency is among the rarely used
- Zacks•16 hours ago
Top Ranked Income Stocks to Buy for February 15th
Top Ranked Income Stocks to Buy for February 15th
- Motley Fool•yesterday
Better Buy: Skyworks Solutions vs. Qualcomm
One's a higher risk-to-reward play than the other.
- InvestorPlace•2 days ago
Thursday Apple Rumors: A Possible AirPods 2 Launch Date Leaks
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of when AirPods 2 may launch. Today, we'll look at that and other Apple Rumors for Thursday.AirPods 2 Launch: A new rumor claims to reveal exactly when the AirPods 2 will launch, reports BGR. According to this rumor, Apple will be releasing the AirPods 2 on March 29. The rumor claims the wireless earbuds will go up for preorder on March 22 and will be announced in a press event earlier that week. It also says that the tech company will be releasing other new hardware on March 29. However, it doesn't say what this new hardware might be.German iPhone Sales: Apple is back to selling the iPhone 7 and iPhone 8 lines in Germany, AppleInsider notes. The company is now selling modified versions of the iPhone 7 and iPhone 8 family of smartphones. These versions include modems from Qualcomm (NASDAQ:QCOM). This is the company's way of getting around a sales ban on these devices in the country. The sale ban is part of an ongoing legal battle between AAPL and QCOM.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNews Subscription: Apple is reportedly having trouble getting newspapers on board with its News subscription service, reports MacRumors. This is reportedly due to the revenue split for the service. AAPL will take 50% of the revenue and the other 50% will be split between publishers. This will have the remaining 50% being split based on the amount of time users spend on articles from publishers. Magazine publishers are reportedly happy with the 50/50 split, but major newspaper outlets are against it.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Thursday Apple Rumors: A Possible AirPods 2 Launch Date Leaks appeared first on InvestorPlace.
- InvestorPlace•2 days ago
7 Reasons Stock Buybacks Should Be Illegal
Did you know that stock buybacks were illegal until 1982? It's true. The SEC, operating under the Reagan Republicans, passed rule 10b-18, which made stock buybacks legal. Up until the passing of this rule, the Securities Exchange Act of 1934 considered large-scale share repurchases a form of stock manipulation. The 1982 rule provided "safe harbor" protection as long as a company bought back no more than 25% of its average daily volume over the previous four weeks and didn't buy its stock at the beginning or end of the day's trading. The SEC Commissioners argued at the time that the rule would encourage higher stock prices thereby benefiting investors across the board. InvestorPlace - Stock Market News, Stock Advice & Trading TipsCare to guess who the SEC Chairman was in 1982? John Shad. John Shad was a former executive with E.F. Hutton. It seems odd that someone who worked for a company that directly benefited from the rule change -- higher prices equals higher commissions -- would be in charge of the agency created to protect investors. In hindsight, it seems like a massive conflict of interest… but I digress.The reality is that stock buybacks have helped the wealthiest 1% get even richer over the past 36 years. In 1982, according to the Economic Policy Institute, the average CEO earned 50 times the average production worker. Today, the CEO Pay Ratio's increased to 144 times the average worker with most of the gains a result of stock options and awards. Suggesting stock buybacks ought to be illegal isn't a crazy notion. Here are seven reasons why: Stock Buybacks Reward a Lack of Creativity and InnovationBy mid-December of 2018 -- following the corporate tax cut that was supposed to help the middle class -- America's public companies had announced $1.1 trillion in stock buybacks with $800 billion already repurchased with only two weeks left in 2018. A record year by any standard. On the one hand, buybacks of this size make sense in a year that saw many stocks lose ground. On the other, 2018 was the first year of negative returns for the S&P 500 since 2008, making the latest bull market one of the longest in history. In the eyes of many, stocks are overvalued, despite their retreat in 2018.Companies like Apple (NASDAQ:AAPL) ought to have better things to do with their cash than buying back billions of dollars in stock ($22.8 billion in Q1 2018 alone). It stifles creativity and innovation, something Apple's going to need if it wants to keep growing. "I find it absolutely mind-numbing that a company like Apple can sit on $260 billion of cash," Morgan Creek Capital CEO Mark Yusko told CNN recently. "You're telling me that all these genius people can't think of one intelligent thing to do with that capital?I'm a fan of Tim Cook and Apple, but stock buybacks are not the answer to the company's slowing innovation. Stock Buybacks Are Hurtful to the U.S. EconomyThis argument is a rather circuitous one so bear with me. CNN recently reported that America's total debt is nearly $22 trillion, an average of $67,000 per person. That's right; split between all U.S. citizens, you'd owe $67,000 for your share of America's debt. In 2019, America's bill for the interest on that debt is $383 billion; by 2025 it's projected to hit $928 billion or about the same amount as corporate stock buybacks in 2018. Imagine if the dollars directed to share repurchases were redirected to paying down the national debt. At the current pace of stock buybacks, the debt problem could be eliminated in 22 years. But of course, that wouldn't help the wealthiest 1%.Consider this: Many economists argued that the Trump tax cuts would worsen the debt situation and they were right. The Congressional Budget Office predicted that the Trump tax cuts would add $1.9 trillion in principal and interest to the deficit by 2027. Since Trump's become President, the national debt's increased by more than $2 trillion. Thus, the president and Congress face a difficult decision. Increase taxes, cut spending or do a combination of both. Do nothing, and the deficit continues to increase, and the U.S. dollar risks becoming irrelevant on a global scale as its creditworthiness crumbles.Trump's plan was simple: Cut corporate taxes and the savings will be reinvested. The $1.1 trillion in stock buybacks in 2018 suggests that didn't happen. God help the common man if we go into recession in the next two years because there will be nothing available to reignite the economy. The cupboards will be bare. Stock Buybacks Add to DebtloadThe previous reason why stock buybacks ought to be illegal had to do with the federal government's mishandling of an economy on the rise. I never thought the corporate tax cuts were a good idea. "America's crumbling infrastructure isn't going to be fixed when the federal government's revenues are going the wrong way. President Donald Trump promised an infrastructure plan, but with lower revenues expected over the next decade, it will be tough for him to deliver," I wrote in December 2017. "And don't for a minute expect private businesses to jump into the fight to save the day with their new-found wealth."They haven't. And won't. So, here we have a federal government drowning in debt, encouraging public companies to do the same through stock buybacks. Unfortunately, as bond guru Jeffrey Gundlach suggests, increasing stock buybacks reduces the solidity of a company's balance sheet. "So, the balance sheets of corporations are balanced on ever-dwindling equities as they buy back shares and increase their leverage ratios. And that's not good," Gundlach stated in January. "Strong balance sheets are going to be the way to survive during the zigzag of 2019."In Gundlach's estimation, strong balance sheets are far more critical than strong earnings.With 62% of investment grade debt maturing over the next five years, there are a lot of companies that are going to wish they didn't buy back so much stock. Stock Buybacks Reduce Capital SpendingAll businesses have one cash flow bucket. Cash goes in; cash goes out, the difference is the capital it can allocate for uses other than keeping the company running. These uses include debt repayment, dividends, stock buybacks, acquisitions, and investing in the future. The Trump corporate tax cut was intended to put more money in corporate coffers so they could invest in the future creating more jobs. While the unemployment rate is healthier than it's ever been, it's unlikely that it was the result of increased capital spending. In the last two years of the Obama administration, five million jobs were created while 4.8 million were created in the first two years of Trump's presidency, suggesting that almost any economic strategy would have worked for the incoming president. According to Just Capital, 56% of the tax savings from the new corporate tax rate went to shareholders with just 24% allocated to wages and job creation. Just 8% went to improving products and innovating, and the remainder went to lower prices and community involvement. In 2018, the bucket spilled over for stock buybacks. Capital spending, not so much. Stock Buybacks Provide a False Picture of a Business's Earnings StrengthThe main argument for stock buybacks is that the reduction in shares outstanding increases earnings per share which is the primary driver of higher share prices. A secondary consideration is that every shareholder gets a more significant piece of a smaller pie. It's no wonder, then, that Warren Buffett's a big fan of stock buybacks. Every time a company held by Buffett announces a $10 billion share repurchase program, he rubs his hands with glee because his ownership stake goes up without making an additional investment. It's the power of compounding in reverse. In 2014, I wrote an article entitled The 2 Biggest Lies of Buybacks. One paragraph sticks out for me to this day. "The premise that buybacks boost earnings is a big fat lie. It's an optical illusion meant to distract investors from the truth: Bottom-line growth is measured by net income only and not earnings per share," I wrote in 2014. "After all, you wouldn't judge top-line growth by anything other than revenue, would you?"In the article, I used Exxon Mobil (NYSE:XOM) as an example of how buybacks hide the truth. Because it bought back 4.4 billion shares between 2009 and 2013, while its net earnings were down 28% that year, EPS were down a more palatable 15%. You can argue till the cows come home why I'm wrong, but a 28% decline is a 28% decline, no matter how many shares are outstanding. Stock Buybacks Create Income InequalityAs I pointed out in a previous slide, the period between 1982-2017 has created a much wider gap between the man or woman at the top of the pyramid -- the CEO -- and the workers on the bottom.According to the Harvard Law School Forum on Corporate Governance and Financial Regulation, CEO pay between 1990 and 2016 increased by 438%. Meanwhile, according to the Pew Research Center, the average seasonally adjusted hourly wage in the U.S. between 1964 and 2018 grew by just 12% in constant 2018 dollars. The legalization of stock buybacks in 1982 gave CEOs a massive incentive for repurchasing their company's shares. Their pay packages went through the roof while the rank-and-file employees saw their wages barely budge. A rational person would see the causal link when it comes to income inequality. CEOs Love Stock BuybacksHey, if you're a CEO, I wouldn't blame you for taking advantage of the system. It's not your fault that the board of directors gave you such a lucrative compensation package. After all, they didn't have to. It's not as if you were holding a gun to their heads. Who wouldn't like a pay package that grows and grows and grows without any additional effort? As a writer, I'd love to be able to get paid X dollars to write this article today, X dollars plus next year, and X dollars plus, plus, the year after that. It is not going to happen. But it happens every day for CEOs. Is it any wonder why they love stock buybacks?Let's take Qualcomm (NASDAQ:QCOM) for example.In fiscal 2018, it repurchased 279 million shares of its stock for $22.6 billion. That alone would have a material effect on earnings per share, which is a significant factor in Qualcomm's annual cash incentive plan, as well as a considerable influence on both its performance stock unit and restricted stock unit awards. In fiscal 2018, CEO Steve Mollenkopf received total compensation of $20.0 million. The year before that it was $11.6 million and $11.1 million in fiscal 2016. Of Mollenkopf's total compensation, 86% was EPS-related to one extent or another. Do you think he's got an incentive to repurchase Qualcomm shares? I sure do. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 7 Reasons Stock Buybacks Should Be Illegal appeared first on InvestorPlace.
- Reuters•2 days ago
Apple to ship iPhones with only Qualcomm chips to German stores
The iPhones will be sold in Germany only with chips from Qualcomm Inc, instead of a mix of chips from Qualcomm and Intel Corp. Qualcomm is in a global legal battle against Cupertino-based Apple over patent licensing, and the German case was part of the chip supplier's efforts to rack up smaller wins ahead of a major lawsuit with Apple that goes to trial in April in San Diego. Qualcomm last year also won a ban on sales of some iPhones in China.
- Associated Press•2 days ago
Apple resumes sale of iPhones in Germany, with Qualcomm chip
BERLIN (AP) — Apple is resuming sales of older iPhone models in Germany after losing a patent dispute against chipmaker Qualcomm last year.
- Business Wire•2 days ago
Accenture, Qualcomm and Kellogg Company Create and Pilot Virtual Reality Merchandising Solution to Transform Brand and Retail Strategy
Accenture (ACN), Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (QCOM) and Kellogg Company (NYSE:K) have collaborated to develop and pilot a solution that embeds eye tracking technology in a mobile virtual reality (VR) headset to reinvent how brands and retailers gather critical consumer data and perform market research. The Accenture Extended Reality (XR) practice developed the VR merchandising solution utilizing a Qualcomm® VR reference design headset, powered by Qualcomm® Snapdragon™ 845 Mobile VR Platform.
