QCOM - QUALCOMM Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.81 (+1.02%)
At close: 4:00PM EDT
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Previous Close79.08
Bid79.88 x 2200
Ask79.89 x 3000
Day's Range78.02 - 80.20
52 Week Range48.56 - 82.52
Avg. Volume17,964,800
Market Cap96.692B
Beta (3Y Monthly)0.92
PE Ratio (TTM)51.08
EPS (TTM)1.56
Earnings DateMay 1, 2019
Forward Dividend & Yield2.48 (4.35%)
Ex-Dividend Date2019-03-06
1y Target Est68.48
Trade prices are not sourced from all markets
  • Tech Stocks This Week: 2 Soaring IPOs and Apple's Settlement With Qualcomm
    Motley Fool7 hours ago

    Tech Stocks This Week: 2 Soaring IPOs and Apple's Settlement With Qualcomm

    Find out why Zoom and Pinterest soared and how Apple and Qualcomm finally came to terms.

  • Don’t Miss Out on the Netflix of 5G Stocks
    InvestorPlace12 hours ago

    Don’t Miss Out on the Netflix of 5G Stocks

    Wednesday morning brought with it an unexpected development. Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) had settled their years-long legal dispute. And Intel (NASDAQ:INTC), in response, slunk away from the 5G space with its tail between its legs. That's because, of all the winners that 5G stocks will create, Intel believes it's already lost out in the mobile 5G space, which our own Matt McCall predicts to be a mega-opportunity that comes along once in a lifetime:"Only one company can be first. But in the coming years there will be a slew of big winners as 5G becomes mainstream," Matt wrote recently on InvestorPlace.com.Let's take a trip down memory lane to better understand the opportunity we have with 5G stocks …InvestorPlace - Stock Market News, Stock Advice & Trading TipsLong before Netflix (NASDAQ:NFLX), there was Blockbuster. You may remember it. Personally, the local Blockbuster in my small hometown was an entertainment hub. Beyond row after row of thrillers, horror flicks and obscure kung-fu dubs, you could find candy, popcorn and those gigantic lollipops no reasonable person could finish. Some Blockbuster stores, mine included, had video game stations set up to test out the latest in next-gen tech. I could spend hours there, and sometimes did.When the dial-up modem came along, I still frequented my local Blockbuster.When Netflix.com came online in 1998, the first web-based rental retailer, I still visited Blockbuster. * 10 Best Stocks to Buy and Hold Forever But when the Netflix app became available on mainstream entertainment hubs -- like set-top boxes and Microsoft's Xbox 360 - my trips to Blockbuster thinned. The internet had expanded beyond dial-up, and by this time in 2008, Netflix had found the perfect confluence of application, platform and technology. I soon stopped visiting Blockbuster altogether.The entertainment hub had moved online, and Blockbuster shrunk from the challenge … not unlike what Intel is doing today. Sure, Blockbuster made attempts to staunch the bleeding. Remember Total Access? It was Blockbuster's way of becoming Netflix, only it chose to mail DVDs rather than stream video. Intel's exit from the 5G mobile space, where the market opportunity is the largest for 5G stocks, reminds me of Blockbuster's wrong decision …Why would Intel back off if the opportunity is so great?From Ars Technica:"Then last year, as Apple's legal battle with Qualcomm heated up, Intel became Apple's sole supplier for 4G wireless chips in the iPhone. Intel additionally was working to develop 5G chips for Apple to use in future versions of the iPhone. But recent reports have indicated that Intel was 'missing deadlines' for the wireless chip that was slated to go into the 2020 model of the iPhone.Fast Company reported earlier this month that 'in order to deliver big numbers of those modems in time for a September 2020 iPhone launch, Intel needs to deliver sample parts to Apple by early summer of this year, and then deliver a finished modem design in early 2020.'If Intel had failed to provide Apple with 5G chips in a timely manner, that would have put Apple in an untenable position. The iPhone's competitors would be able to offer 5G capabilities using Qualcomm chips, while Qualcomm could have denied Apple access to 5G chips as long as the patent battle continued."Intel didn't so much leave the space as it was forced out of it. But the company remains positioned for other 5G applications, although not in the most profitable arenas. At any rate, there's a certain significance to the quashing of bad blood between Apple and Qualcomm …5G is nearly here, and even the worst of enemies couldn't allow themselves to be left behind. Where to Find 10X, 20X, 30X Gains in 5G StocksApplication, platform, technology - or APT, if you need a mnemonic device. These are the main ingredients of disruption that took Blockbuster offline. An application based on advanced technology without a viable platform is disruptive in theory, not in practice.It wasn't until the proliferation of high-speed internet that Netflix was able to even introduce streaming. Once the technology was in place, all Netflix needed was a high-volume platform to traffic its application. Put the three together and you have yourself a once-every-ten-years kind of investment.Since January 2008, NFLX gained roughly 10,000% … With 5G just around the corner, we're on the cusp of another explosive opportunity.Here's what Matt writes in Investment Opportunities:"In just a few short years, your daily routine will look something like this:Your smartwatch buzzes to wake you up once optimal sleep has been achieved. It lets you know that your vital signs all good - it monitors your blood pressure, pulse, sleep stats, and more - and sends them off to your doctor's database for preventative measures. Finally, that same smartwatch notifies your coffee machine to turn on and start preparing a warm cup of joe for your morning commute.As you get ready to leave the house, the refrigerator beeps to alert you that you are running low on eggs and milk. It sends a reminder to both your phone and car so you won't forget to stop at the store before returning home.Your commute is made nice and smooth by a variety of things. First, your car drives itself, so you can focus on other things like your to-do list, which your car has synced with your work computer. You can even pay your mortgage by linking up to the auto's 5G-powered Wi-Fi connection. Then there are the smart roads, which have chips embedded in them that help control traffic via connected lights.When you get to work, your autonomous vehicle drops you off and leaves to find a place to park until you are ready to head home. While doing so, it sends a signal to the control device in your office that turns on the lights, sets the temperature, opens your email. Everything is ready the moment you sit down.That's just the first 90 minutes of how a connected day will look in a few years!Will it make your life easier? There's no question."The world described above is made possible by a confluence of applications, technologies and platforms. With 5G, everyday applications will speak to each other in the literal blink of an eye.Without 3G, Apple never would've introduced the App Store, which changed the way we interact with our mobile devices forever. The introduction of 5G, too, will bring with it a step change that introduces entirely new applications. At the same time, the platforms and technology are coming into focus. Together, they form the perfect environment for the next "Netflix" to thrive.One such 5G company, Ericsson (NASDAQ:ERIC), has its fingers in many pies. It has the sort of applications that could be game-changing, including self-driving car connectivity, cloud communication and cellular IoT. Further, Ericsson is instrumental in building out the 5G technology itself.To aid in the standardization of 5G technology, Ericsson's investors, 130 of them to be exact, have joined forces in "the largest in cellular communication in terms of number of inventors, anywhere in the world."Ericsson isn't the only company Matt has identified which could see major gains as 5G rolls out. If you're interested in getting more from Matt on this trend, as well as the other 5G stocks he's recommending, click here. Matt McCall Readers Received a Profitable Heads-UpOn Wednesday, the day Apple and Qualcomm settled, Ericsson shares added 7.5% on blowout earnings, affirming ERIC's position as a market leader in 5G.In fact, Matt recommended buying Ericsson stock on any dips below $9.25, and on Wednesday, ERIC stock soared 7%-plus. If you listened to Matt and bought at the $9.25 level, you'd be up 12.32%. If you bought at its January low of $8.29, you'd be sitting on gains of 25%.Here's what Matt most recently commented to his Investment Opportunities subscribers:"Ericsson (ERIC) held its annual meeting last week and CEO Borje Ekholm was not shy about letting investors know that the company continues to lead the way in 5G networks around the world. To date, Ericsson has announced 16 commercial deals with service providers, which is more than any of its competitors.Last year was a turnaround year for Ericsson, and in the coming months and years I look for it to keep moving forward with its business model. The U.S. market is now ahead of Europe, and with Huawei out of the picture the Pentagon is expected to lay groundwork that will benefit both Ericsson and Nokia - the next two leading telecom equipment companies by market share."If you missed out on these gains in Ericsson stock, you may still find a triple- or quadruple-bagger in sectors such as retail, agriculture, media and entertainment, energy and utilities, and so much more.We're on the verge of an "instant economy" where the farthest-reaching parts of the world will become accessible to you at the tap of a screen or even sound of your voice. This technology, and the applications that spring from it, will beget more technologies, such as "quantum glass" batteries, that are needed to support the tech.In fact, Matt has prepared an interesting video about the impact of the "quantum glass" batteries. Click here to watch it.Matt writes about such next-generation opportunities in his Investment Opportunities newsletter, covering businesses in and around the 5G ecosystem, among many more high-growth stock picks. To summarize, Matt said it best in his column on 2019 predictions:"One of my highly likely predictions is that we'll begin a new chapter in wireless technology.I'm talking about 5G. As I write this, nearly all of the major wireless carriers are set to begin rolling out the latest generation of technology. There will be many beneficiaries of this shift. Everything from autonomous vehicles to the Internet of Things (IoT).But one area that has been overlooked is the augmented reality (AR) and virtual reality (VR) industry. Faster internet speeds combined with less latency (lag time) will result in a much smoother AR/VR experience.I have used VR headsets a few times, and I have to say I was quite impressed. That said, I am certainly not a hardcore gamer nor did I push the headset to its limits. Once 5G is rolled out, the future of the AR/VR industry will look very different."Things will be very different, indeed.John Kilhefner is the managing editor of InvestorPlace.com. As of this writing, John did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Dona€™t Miss Out on the Netflix of 5G Stocks appeared first on InvestorPlace.

  • Barrons.comyesterday

    Barry Diller and John Malone Do a Deal to Simplify Expedia

    The two media moguls arrange for Expedia to buy its controlling investor, Liberty Expedia in a bid to clean up a complicated ownership structure.

  • Barrons.comyesterday

    Intel Won’t Be in the 5G iPhone, So Why Are Investors So Thrilled?

    Hours after Qualcomm and Intel reached a deal around 5G chips, Intel decided to back away from its own wireless chip business. The step foreshadows a more disciplined approach from Intel.

  • Qualcomm Gets Multiple Upgrades after Apple Dispute Settlement
    Market Realist2 days ago

    Qualcomm Gets Multiple Upgrades after Apple Dispute Settlement

    Qualcomm Surges on Apple Settlement and Intel's 5G Chip Exit(Continued from Prior Part)Qualcomm rise after settling a dispute with Apple Qualcomm (QCOM) stock has gained 38.3% and added $30 billion to its market value since it resolved its legal

  • Why Intel's Smartphone Strategy Went off the Rails (Again)
    Motley Fool2 days ago

    Why Intel's Smartphone Strategy Went off the Rails (Again)

    The chipmaker’s second act in smartphones comes to an abrupt end as Apple switches to Qualcomm.

  • Why Apple Settled Dispute despite Concerns with Qualcomm
    Market Realist2 days ago

    Why Apple Settled Dispute despite Concerns with Qualcomm

    Qualcomm Surges on Apple Settlement and Intel's 5G Chip Exit(Continued from Prior Part)Apple’s concerns with Qualcomm Qualcomm (QCOM) was a major supplier of chips to Apple’s (AAPL) smartphones until the release of the iPhone 7 in September 2016.

  • Qualcomm's joint venture with Chinese province to shut down: The Information
    Reuters2 days ago

    Qualcomm's joint venture with Chinese province to shut down: The Information

    The joint venture, Huaxintong Semiconductor (HXT), was formed in 2016 for the design, development and sale of advanced server technology. Executives at the venture said in internal meetings on Thursday that it would close by April 30, The Information said, adding that Qualcomm and Guizhou province had invested a combined $570 million in HXT as of August 2018. Qualcomm did not respond to a request for comment outside regular U.S. business hours.

  • Financial Times2 days ago

    Qualcomm head proves his mettle fending off Apple

    There cannot be many chief executives who have faced as many crises as Steve Mollenkopf in his five years as chief executive of US mobile communications technology company Qualcomm. There was the campaign from an activist investor (Jana Partners) to break up the company, and the antitrust challenge that threatened to dry up revenue from Qualcomm’s largest market (China). It is almost an understatement when Tom Horton, who has just stepped down from Qualcomm’s board after 10 years as the company’s lead independent director, calls it “a pretty tumultuous time”.

  • Qualcomm (QCOM) Outpaces Stock Market Gains: What You Should Know
    Zacks2 days ago

    Qualcomm (QCOM) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Qualcomm (QCOM) closed at $79.95, marking a +1.1% move from the previous day.

  • Intel Announces 5G Exit: Can Qualcomm Be Apple’s Chip Supplier?
    Market Realist2 days ago

    Intel Announces 5G Exit: Can Qualcomm Be Apple’s Chip Supplier?

    Qualcomm Surges on Apple Settlement and Intel's 5G Chip Exit(Continued from Prior Part)Intel’s exit from the 5G phone business On April 16, Intel (INTC) announced that it is planning to exit the 5G smartphone modem market, as it wants to put its

  • Stocks Churn Amid Big Sector Swings; Qualcomm, UnitedHealth, Netflix, Union Pacific Are Key Weekly Movers
    Investor's Business Daily2 days ago

    Stocks Churn Amid Big Sector Swings; Qualcomm, UnitedHealth, Netflix, Union Pacific Are Key Weekly Movers

    The stock market churned. A Qualcomm-Apple deal led chips. Medical stocks dived on UnitedHealth. Software names fell. Netflix subscriber guidance was light. Rail stocks rallied on earnings.

  • Declining Smartphone Category: AAPL
    Zacks2 days ago

    Declining Smartphone Category: AAPL

    The smartphone industry has been losing steam for the last few years, with negative growth in 2018. Consumers don???t feel as strong of a need to replace their smartphones when the improvements made on the new models are becoming increasingly marginal.

  • Semiconductor ETFs Overbought: What to Do?
    Market Realist2 days ago

    Semiconductor ETFs Overbought: What to Do?

    Semiconductor ETFs Trade at 52-Week High: Time to Sell?(Continued from Prior Part)Semiconductor ETFs’ price momentum The iShares PHLX Semiconductor ETF (SOXX) and the VanEck Vectors Semiconductor ETF (SMH) hit a new 52-week high on April 17 due to

  • Semiconductor ETFs Trade at 52-Week High: Time to Sell?
    Market Realist2 days ago

    Semiconductor ETFs Trade at 52-Week High: Time to Sell?

    Semiconductor ETFs Trade at 52-Week High: Time to Sell?SMH hits a new 52-week high The VanEck Vectors Semiconductor ETF (SMH) hit a new 52-week high of $118.83 on April 17, driven by a more-than-20% increase in Qualcomm’s (QCOM) stock and

  • Qualcomm Stock Continues to Rise after Apple Settlement
    Market Realist2 days ago

    Qualcomm Stock Continues to Rise after Apple Settlement

    Qualcomm Surges on Apple Settlement and Intel's 5G Chip ExitQualcomm stock rose Qualcomm (QCOM) stock soared ~12.3% on April 17 to $79.08 as investors continued to celebrate the chipmaker’s announcement on April 16 that it had settled its

  • Thursday Apple Rumors: 2019 iPhone Lineup Will Sport Better Selfie Cams
    InvestorPlace2 days ago

    Thursday Apple Rumors: 2019 iPhone Lineup Will Sport Better Selfie Cams

    Leading the Apple (NASDAQ:AAPL) rumor mill today is news of improvements for cameras. Today, we'll look at that and other Apple Rumors for Thursday.Selfie Cams: A recent rumor claims that Apple is going to be beefing up the front-facing camera for its 2019 iPhone line, reports MacRumors. According to this rumor, the tech company will be including 12 megapixel cameras on the front of these devices. This includes three smartphones that rumors claim the tech company will release later this year. This is better than the 7-megapixel selfie cams found on the front of its 2018 smartphones.Watch Authentication: Rumors has it that the Apple Watch will be able to do more with Macs soon, 9to5Mac notes. These rumors claim that the tech company is going to allow for additional authentication from the smartwatch when macOS 10.15 comes out. The rumors doesn't go into more detail about what these additional options will be, but hopefully it will be useful to Watch and Mac owners.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPayments: One analyst claims to know how much AAPL is paying to Qualcomm (NASDAQ:QCOM), reports AppleInsider. UBS claims that the tech company is paying $6 billion in settlements to QCOM to bring the legal battles to an end. This same source also claims that royalties being paid to Qualcomm are also increasing. This will have AAPL paying around $8 or $9 in royalties for each iPhone sale. Previous estimates only had royalties at around $5 per iPhone sale.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: 2019 iPhone Lineup Will Sport Better Selfie Cams appeared first on InvestorPlace.

  • CNBC3 days ago

    Apple paid up to $6 billion to settle with Qualcomm, UBS estimates

    Apple could have paid Qualcomm between $5 and $6 billion to settle the two companies' bitter legal battle, according to a new estimate. Apple AAPL probably paid Qualcomm QCOM between $5 billion and $6 billion to settle the litigation between the two companies, UBS analyst Timothy Arcuri estimated in a note distributed on Thursday. Apple probably also agreed to pay between $8 and $9 in patent royalties per iPhone, estimated UBS, based on Qualcomm's guidance that it expects earnings per share to increase by $2 as a result of the settlement.

  • 5 Semiconductor Stocks to Buy for a Spring Charge
    InvestorPlace3 days ago

    5 Semiconductor Stocks to Buy for a Spring Charge

    The end of the litigation between Qualcomm (NASDAQ:QCOM) and Apple (NASDAQ:AAPL) sparked a fire for both of those stocks and the semiconductor sector as a whole. The renewed bullishness for semiconductor stocks could continue through to the rest of the year for one good reason -- Apple and Qualcomm agreeing to end the litigation set the stage for friendlier times among technology firms ahead. Instead of fighting for high IP royalty rates, semiconductor stocks could forge multiyear supply deals with its customers.Sure, investors could risk overpaying for stocks by blindly assuming IP deals are coming. Fortunately, Apple is a big customer and has a high demand for components, benefiting semiconductor suppliers. * 5 Dividend Stocks Perfect for Retirees What are the five semiconductor stocks to buy for a spring charge?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Semiconductor Stocks to Buy: Qualcomm (QCOM)Source: Shutterstock Qualcomm and Apple agreed to drop all litigation, including those with Apple's contract manufacturers. Instead, Apple will pay Qualcomm in addition to signing a six-year license agreement, effective as of Apr. 1, 2019. The companies have an option to extend the deal for another two years. Qualcomm disclosed that the deal will add $2 in incremental EPS.Even though QCOM shares rose 40% on the week, the company's fair value rises sharply thanks to the deal with Apple. At a recent price of $79, the stock is trading at a discount because the company could win more supply deals with the top Android phone makers. Competitors cannot afford to let Apple have the best technology and could order Qualcomm's latest chip solutions to stay ahead.In the near-term, QCOM stockholders get two immediate positive catalysts. First, uncertainties are no longer an overhanging to the stock because Qualcomm no longer needs to keep going to court. Second, Qualcomm has guaranteed a revenue stream for the next six years. That stability is worth paying for, especially in the cyclical semiconductor market. Intel Corporation (INTC)Source: Shutterstock The Qualcomm-Apple settlement led to shares of Intel (NASDAQ:INTC) rallying a few points. Intel announced that it would abandon 5G phone modem development. Previously, Apple was rumored to release a 5G iPhone in 2020 that used Intel's modem. But now that Apple has a deal that allows it to use Qualcomm's far superior modem instead. If Intel lost the modem business to Qualcomm, one would think INTC stock would fall, not rise.Intel's modems are generally inferior to that of QCOM-powered ones. By exiting this market, Intel will become less distracted from the mobile devices market. Instead, it may now turn its sights back on the more profitable business of CPUs in the PC and servers. * 10 S&P 500 Stocks to Weather the Earnings Storm Intel's valuations are very attractive, too. The stock trades at a trailing price-to-earnings ratio of 13x. Despite the worrying competition from Advanced Micro Devices (NASDAQ:AMD), Intel still has loyal customers on the consumer and business markets. Still, Intel has plenty of work ahead. It is behind on the 7nm chip manufacturing and its latest products are supply-constrained. This is putting a cap on its revenue growth for the near-term.Advanced Micro Devices (AMD)Source: Shutterstock Advanced Micro Devices is enjoying a nice uptrend that began at the start of 2019. Valuations are not that compelling, but markets are willing to pay a premium. AMD stock is undergoing a multiyear transition that led to multiple product launches across three main lines of business: server, desktop and graphics cards. All three of these products are potential growth generators for AMD.In the server space, EPYC's scalability and computing power give enterprise customers good value compared to Intel's Xeon chips. CEO Lisa Su may announce Ryzen getting a refresh with a third-generation release next month at Computex. As AMD discounts current-generation Ryzen CPUs for the PC and notebook markets, it could gain market share over Intel.In the GPU space, the announcement for Navi, a mid-range solution, could help AMD win back market share from Nvidia (NASDAQ:NVDA). Nvidia leaped ahead of AMD with a GTX 1660 Ti release a few months ago. Rumors that a GTX 1650 for just $149 could further Nvidia's lead over AMD. NXP Semiconductors (NXPI)Source: Elektor Labs via FlickrNXP Semiconductors (NASDAQ:NXPI) traded above $101 for the first time since Jul. 2018. The stock lost all its value when the Chinese government delayed approval of Qualcomm buying the firm. NXP then earned a break-up fee of $2 billion and proceeded to buy back billions of dollars' worth of its shares.Investors should look at NXPI stock again now that markets largely forgave the company for buying back stock at a higher price. Management has a five-year autonomous driving supply plan in place. And with more technology components in vehicles, NXPI will stand to benefit. At a 14.9 times trailing P/E and 11.2 times forward P/E, NXPI stock is an appropriate stock to buy for the spring 2019 session. * 7 Stocks to Buy for Spring Season Growth NXP is scheduled to reported earnings on April 29. The company's prudent cost management, design wins and supply deals in 2019 will attract more buyers to the stock, and its ability to focus back on its core strengths will drive the stock back to 52-week highs of over $122. And even at that level, the stock will trade at a discount relative to the free cash flow generation from its businesses. Micron Technology (MU)Source: Shutterstock Micron Technology's (NASDAQ:MU) downside third-quarter guidance failed to scare off investors as the stock rose 28.5% during the quarter. In its second-quarter report, Micron reported DRAM sales falling 28%. NAND did better year-over-year and up 2%. On a quarter-over-quarter comparison, NAND revenue fell 18%.Micron forecast third-quarter revenue of around $4.8 billion and EPS of between 75 cents and 95 cents. Both numbers are below consensus estimates. Unsurprisingly, several analysts issued "hold" or "sell" calls on MU stock in the last month, according to Tipranks. But collectively, the 25 analysts covering the stock have an average price target of $54.41, representing an upside of around 26%.Investors should add MU stock to their portfolios this spring for the simple reason that NAND and DRAM prices appear to be stabilizing. Markets adjusted to the U.S.-China tariffs now and place. A refresh in premium smartphones, ongoing demand for memory and high-speed storage for servers and the firming up of PC sales will benefit Micron in the current period.As of this writing, Chris Lau owned shares of NXP Semiconductors. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 5 Semiconductor Stocks to Buy for a Spring Charge appeared first on InvestorPlace.

  • The Qualcomm (QCOM) Hype Continues: Canaccord Boosts Price Target on the Stock
    SmarterAnalyst3 days ago

    The Qualcomm (QCOM) Hype Continues: Canaccord Boosts Price Target on the Stock

    At long last, Qualcomm (NASDAQ:QCOM) and Apple (NASDAQ:AAPL) have decided to end the courtroom drama. The two technology giants came to an agreement earlier this week to end settle their differences, thereby ending a two year legal war. While details have not been announced, investors are betting that Qualcomm is the big winner here, as its stock surged nearly 40% this week.The two had been battling over patent infringement and licensing agreement, with Apple suspending all royalties to Qualcomm until the settlement; as part of the agreement, the two companies are bound by a six-year licensing deal. On the news, Canaccord analyst Michael Walkley is raising his price target to $89 (from $75), while maintaining his Buy rating on the stock. (To watch Walkley's track record, click here) Though Walkley is waiting for Qualcomm’s earnings call scheduled for May 1, the analyst increased his estimates primarily for Apple licensing fees re-entering his model combined with lower legal expenses starting in 3Q/F19. Walkley also assumes “Qualcomm will start [supplying] 5G modems for future generation iPhones with sales starting to ramp in 4Q/F20.” Walkley says Qualcomm’s 5G prowess played a large part in getting this deal done. He believes “Apple and Qualcomm needed to start working together by April in order for Apple to launch 5G enabled smartphones for its September 2020 iPhone launch timeframe.” According to Walkley, "it is clear Apple’s settlement deal with Qualcomm likely means Apple will rely on Qualcomm for most if not all of its 5G modems in iPhones starting in 2020 with Qualcomm likely the leading to only supplier for the next several years," after Intel announced it would quit the 5G modems shortly after the agreement was reached. Walkley sees the settlement as a big win for Qualcomm’s financials. He says, “based on the settlement announcement, we estimate that an incremental $295M and $879M of royalty revenue from Apple will return to Qualcomm for 2H/F19 and F2020, respectively.” Walkley doesn’t factor in “one-time catch up payment for Apple not paying Qualcomm during the dispute,” which is expected to be a hefty sum. Furthermore, Walkley expects the Apple deal to help bring Qualcomm and Huawei together in an agreement of their own; the analyst says, “we believe Huawei could also reach a new licensing deal with Qualcomm in the near future that we estimate could add another $0.50 to $0.70 [EPS] to our F2020 estimates.” Even before the legal battle with Apple ended, Wall Street was bullish on Qualcomm. TipRanks analysis of 20 analyst ratings shows a consensus Moderate Buy rating, with 13 analysts saying Buy and eight Holding. As many analysts have yet to update their price targets, the average price target currently stands at $78.53, about even with current levels. (See QCOM's price targets and analyst ratings on TipRanks) More recent articles from Smarter Analyst: * Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction * Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock * Microsoft (MSFT) Stock's Big Rally Should Continue * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock

  • The Reviews of Samsung’s Galaxy Fold Are Great News … For Apple
    InvestorPlace3 days ago

    The Reviews of Samsung’s Galaxy Fold Are Great News … For Apple

    There are two pieces of very good news this week if you are an Apple (NASDAQ:AAPL) investor worried slumping iPhone sales could get even worse. The first was a dramatic end to the Qualcomm (NASDAQ:QCOM) lawsuit, saving the day for the prospect of 5G iPhones next year. The second had nothing to do with Apple, but it's sure taking some pressure off AAPL's incremental approach to smartphone design. Samsung's new $1,980 Galaxy Fold smartphone was released to reviewers this week and quickly ran into a storm of negative press. The smartphone with the futuristic new folding screen has suffered catastrophic failure for multiple high profile journalists.Source: Samsung Depending on how this plays out, Samsung's growing PR problem is likely to be good news for Apple stock. Samsung Galaxy Fold Review Units Failing With Broken ScreensAt the end of February, Samsung made a big splash with the announcement of the Galaxy Fold. The company's new flagship smartphone featured a futuristic Infinity Flex folding display that transformed it from a phone to a 7.3-inch tablet. Launching on April 26, the radical new smartphone would be priced starting at a whopping $1,980.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The Jobs Report Isn't an Effective Metric for the U.S. Economy It would also be the first folding smartphone to be widely commercially available in the U.S. China's Huawei has also announced a folding smartphone -- but the company lacks an American presence.So far, so good for Samsung. The company was in the spotlight once again, smartphones were cool once again (after a year where global smartphone sales had been sliding), and Samsung was looking like the industry design and engineering leader -- after years of being pegged as an iPhone copycat. Then the Galaxy Fold review units went out.Within a day, the reports of broken displays began to arrive. The Verge's Dieter Bohn reported his review unit's folding display developed a bulge then its OLED display failed after just one day of use. Bloomberg's Mark Gurman posted that his Galaxy Fold was "completely broken and unusable just two days in." Again it was a failure of the folding display. CNBC's review attempt ended when the Galaxy Fold they were given was "completely unusable after just two days of use."And there were more. It's possible the reviewers all received phones from an initial batch that suffered a manufacturing defect. It's also possible that Samsung's folding screen design is flawed and not ready for prime time. Samsung's ResponseSamsung issued a terse statement to The Verge:"A limited number of early Galaxy Fold samples were provided to media for review. We have received a few reports regarding the main display on the samples provided. We will thoroughly inspect these units in person to determine the cause of the matter.Separately, a few reviewers reported having removed the top layer of the display causing damage to the screen. The main display on the Galaxy Fold features a top protective layer, which is part of the display structure designed to protect the screen from unintended scratches. Removing the protective layer or adding adhesives to the main display may cause damage. We will ensure this information is clearly delivered to our customers."Company representatives also told The Verge they plan to continue with the Galaxy Fold's April 26 U.S. launch. Bad News for Samsung, But Good News for AppleFor Samsung, this is bad news.Comparisons have already been made to the Galaxy Note 7 disaster of 2016 that decimated the company's smartphone profits and allowed Apple to surpass Samsung as the world's top-selling smartphone maker -- at least for one quarter. It's not on the same level in the sense that the Galaxy Fold screen break isn't a safety issue, but at $1,980 a pop and with pre-orders selling out almost immediately, the company is facing a big PR issue and the possibility of a release delay (or a recall if it goes ahead as planned) while it investigates what's going wrong.For Apple, the very public and very rapid failure of multiple Galaxy Fold review units is nothing but good news.Apple stock has been under pressure from slowing iPhone sales. And with rivals like Samsung and Huawei showing off radical new folding smartphone flagships this year, AAPL's iPhones were looking far from exciting. If the initial Galaxy Fold failures develop into a full-scale debacle, the lack of its own folding smartphone at this time will turn from Apple falling behind, to Apple avoiding gimmicks and sticking with solid, proven engineering. * 5 Dividend Stocks Perfect for Retirees Incremental design updates may be boring, but quality and reliability is something that Apple can leverage as it works to boost iPhone sales.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post The Reviews of Samsung's Galaxy Fold Are Great News … For Apple appeared first on InvestorPlace.

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