|Bid||0.00 x 900|
|Ask||0.00 x 1400|
|Day's Range||51.22 - 53.57|
|52 Week Range||48.56 - 76.50|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 30, 2019|
|Forward Dividend & Yield||2.48 (4.53%)|
|1y Target Est||67.60|
Qualcomm and IBM have a lot going on. The former carries huge risk, and the latter carries much upside.
Qualcomm is down 28% in the past five years, but hit a three year high of $75 in September. Its stock took a blow in early November after a judge issued a preliminary ruling in favor of the Federal Trade Commission's position that Qualcomm should license its chips to competitors.
QUALCOMM, Inc. (NASDAQ: QCOM) stock has more legal risk than the market is pricing in. Kerrisdale said Judge Lucy Koh has already ruled against Qualcomm’s appeal to dismiss the case and ruled that the company is obligated to license its “standard essential” key patents to competitors such as Intel Corp. (NASDAQ: INTC) on FRAND terms. Koh has also overruled Qualcomm’s objections to an ongoing class action lawsuit against the company alleging anticompetitive practices.
Qualcomm (QCOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of Qualcomm Inc. sank 3.0% toward an 8 1/2-month low in morning trade Wednesday, after short-seller Kerrisdale Capital took aim at the semiconductor maker, suggesting a downside of about 60% from current levels. Kerrisdale said its believes the Federal Trade Commission will win its case against Qualcomm, which would force Qualcomm to license its key cellular patents to potential competitors, such as Intel Corp. , on "fair, reasonable and non-discriminatory" (FRAND) terms, which Qualcomm had indicated in the past would destroy its licensing business. Assuming an FTC victory, Kerrisdale said the financial impact would imply a share price of $21.31, or 59.6% below current levels. The stock has shed 21% over the past three months while the PHLX Semiconductor Index has slipped 2.1% and the S&P 500 has edged 3.3% lower.
Key Updates from Chipmakers: INTC, QCOM, AVGO(Continued from Prior Part)Qualcomm paid $1.0 billion to win Apple business Qualcomm (QCOM) and Apple executives were called to testify in the trial of an antitrust case brought up by the United States
Activist investor Sahm Adrangi, who cemented his reputation with successful bets against Chinese internet companies, said that he has taken a short position against Qualcomm Inc, arguing the chip supplier's stock price could shrink by half. Adrangi's hedge fund Kerrisdale Capital published a research paper that suggests Qualcomm's profits could be at risk as the company faces lawsuits, especially one in the United States.
Activist investor Sahm Adrangi, who cemented his reputation with successful bets against Chinese internet companies, said that he has taken a short position against Qualcomm Inc (QCOM.O), arguing the chip supplier's stock price could shrink by half. Adrangi's hedge fund Kerrisdale Capital published a research paper that suggests Qualcomm's profits could be at risk as the company faces lawsuits, especially one in the United States.
Key Updates from Chipmakers: INTC, QCOM, AVGOOutside candidate and diversity considerations Intel (INTC) has been searching for a new CEO for more than six months. Brian Krzanich was ousted as Intel CEO in June, and Intel CFO Bob Swan has been acting
S&P 500 Bleeds on Reports of US-China Trade Talks Going off TrackUS-China trade talks On Tuesday, a Financial Times report sent tremors through the broader market. The report claimed that “The Trump administration has rejected an offer from
What TSMC’s Guidance Could Mean for Semiconductor Investors(Continued from Prior Part)TSMC’s profitability Whereas TSMC’s (TSM) revenue grew robustly in last year’s fourth quarter, it has given weak guidance for this year’s first quarter
The US Reportedly Cancels This Week’s Trade Talks with ChinaThe market sell-off On Tuesday, the broader market is trading on a negative note due to investors’ growing fear of slowing global economic growth. Yesterday, China’s National Bureau of
Is Apple Killing Its iPhone LCD Displays?Apple’s latest American tech giant Apple (AAPL) started 2019 on a negative note. The company’s CEO, Tim Cook, announced a cut in its guidance for the first quarter (which ended on December 29, 2018) on
What TSMC’s Guidance Could Mean for Semiconductor InvestorsTSMC’s fourth-quarter revenue TSMC (TSM), the world’s largest foundry, earns revenue by manufacturing chips for other chipmakers on its manufacturing nodes. On January 17, the foundry
As most of the companies in the space have seen no negative earnings estimate revisions, semiconductor ETFs are likely to see smooth trading in the weeks ahead.
The admission on Jan. 18 by Matthias Sauer, Apple’s director of cellular systems architecture, is the kind of point Qualcomm will have to score in front of U.S. District Judge Lucy Koh as it continues its defense against antitrust allegations by the U.S. Federal Trade Commission. The government has charged it with using market dominance in smartphone chips to force phone makers to pay inflated patent licensing revenue. Sauer testified that Apple considered the likes of Ericsson, Broadcom and Intel Corp. as component suppliers for devices as early as the 2012 planning phase for new products, but none could deliver to Apple’s desired specifications.
weathers a chip industry downturn, it remains quite upbeat about its growth potential in the automotive and smart home markets over the next few years. Cypress makes (among other things) micro controllers (MCU), connectivity chips, memory chips and power management chips for a wide variety of end markets. Over the last year, Cypress shares are down 23%, but they're up 4.5% so far in 2019.