Qualcomm (QCOM)

Re: Qualcomm (QCOM)

Postby winston » Sun Jul 21, 2019 6:26 pm

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Where Will Qualcomm Be in 10 Years?

by Leo Sun

Qualcomm's licensing business now faces fines and restrictions in China, South Korea, Europe, and the United States. It also faced lawsuits from defiant OEMs like Apple (NASDAQ: AAPL), Huawei, and LG.

Qualcomm allocated $30 billion to buybacks.

Big OEMs like Huawei and Samsung are using more first-party chips.

Qualcomm can pad its near-term EPS growth with cash from settlements with OEMs and big buybacks, but its long-term growth could sputter out unless it makes some aggressive acquisitions and moves into adjacent markets.


Source: The Motley Fool

https://finance.yahoo.com/news/where-qu ... 00923.html
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Re: Qualcomm (QCOM)

Postby winston » Mon Jul 29, 2019 7:42 am

Intel is going to be bailed out. And their saving grace is a tech king.

As reported by Yahoo Finance on Wednesday, Apple will be buying out Intel's 5G smartphone modem business for a price of $1 billion.

It was recently revealed that Intel was drowning, losing $1 billion annually on its modem operations .

And it looks like Apple has been ready to pounce and take advantage for some time.

The market powerhouse has been eyeing the assets, and it makes complete sense considering they also recently hired Intel's 5G chief, Messay Amerga, and Umashankar Thyagarajan, a project engineer and senior director on the same 5G team.

What does this mean for Apple?

Well, they will now be in excellent position to start producing their own 5G modems for iPhones, instead of continuing to rely on Qualcomm for it's hardware.

And his will not only create incredible benefits for Apple, but for the 5G market boom as a whole.

5G could quite possibly become the greatest wealth creator in American history.

When a tech titan like Apple wants to get their hands on something, you know it's going to be huge... and insanely profitable.

It's not just about changing how smartphones operate. It's going to transform everything- cars, computers, streets, homes, schools, banks... there are endless possibilities.

Essentially, it's going to change the world.

Source: Strategic Tech Investor
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Re: Qualcomm (QCOM)

Postby winston » Fri Aug 02, 2019 2:48 pm

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5G Stocks to Watch: Qualcomm (QCOM)

Qualcomm is the chip giant behind the 5G movement, owning a wide portfolio of 5G-related IP that will enable it to benefit in a big way as all that 5G-related IP is deployed across the world over the next several years.

Its legal issues have been momentarily sidelined, as Apple (NASDAQ:AAPL) has come back on as a Qualcomm customer in a move that solidifies Qualcomm as a 5G leader.

The DoJ has essentially asked that a federal appeals court pause enforcement of an antitrust ruling which would have had a negative impact on Qualcomm’s licensing business during the 5G boom.

Consequently, this company appears ready to benefit in a big way over the next few years from the widespread and mainstream roll-out of 5G technology.

The T-Mobile/Sprint merger doesn’t have a big impact on that bull thesis for QCOM stock. If anything, it actually improves it.

T-Mobile likely now has the resources to compete on more equivalent footing with Verizon and AT&T, which should promote better 5G coverage offerings across the board.

The better those offerings, the more 5G related products will be sold. The more 5G related products are sold, the more money Qualcomm makes.

As such, QCOM stock looks like a solid stock to buy for the forthcoming 5G boom, especially with the T-Mobile/Sprint merger winning approval.

Source: investor Place
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Re: Qualcomm (QCOM)

Postby winston » Tue Aug 06, 2019 2:22 pm

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Qualcomm Inc. (QCOM)

While its litigation with Apple Inc. (AAPL) has cast a shadow over the chip maker, some analysts are telling investors not to count Qualcomm out just yet.

Many point to QCOM as one of the original forces behind the 5G movement. The company has a wide variety of 5G internet protocols and modem chips, with it only standing to benefit as 5G is more widely deployed.

QCOM also wouldn't be negatively impacted by the T-Mobile/Sprint merger. T-Mobile now has a greater competitive advantage and the resources to offer improved 5G coverage. The better the offerings, the more 5G products that will be sold to consumers, which is good news for Qualcomm.

Despite reporting an earnings miss on July 31 in which revenue dropped 13% year-over-year to almost $5 billion, the company expects a large boost in 2020 and 2021 after the widespread release of 5G smart phones.

Raymond James analyst, Chris Caso, said, “While we can't be as confident in the timing, the improvement is inevitable. The near-term issues don’t change the 5G story.” On August 1, he reiterated his Buy rating and price target of $115, suggesting a whopping 62% upside.

Another analyst, Tal Liani, agrees that demand weakness is a temporary issue ahead of the 5G smart phone release. On August 1, he reiterated his Buy rating and lowered the price target from $105 to $100.

Despite the price target drop, he believes share prices could jump 41% over the next twelve months. “We believe Qualcomm's bull case is unchanged, with global 5G roll outs expected to increase both royalty income and demand for semiconductors beginning in 2020.

Press reports suggest that all of Apple's 2020 iPhones will contain Qualcomm's 5G chipset, which could drive a 5G cycle across the entire industry," the Merrill Lynch analyst said.

QCOM has a ‘Moderate Buy’ analyst consensus and a $79 average price target, indicating 11% upside potential.

Source: Tip Ranks
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Re: Qualcomm (QCOM)

Postby winston » Tue Nov 26, 2019 9:51 pm

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Nov 22, 2019

Is Qualcomm Stock A Buy Right Now? Here's What Earnings, Chart Say

by APARNA NARAYANAN

Analysts on average expect Qualcomm earnings per share to grow 18% to $4.19 in 2020, then jump 46% in 2021.

Qualcomm has two main revenue streams:
1. It makes integrated circuits and system software for device makers, mainly smartphone vendors.
2. It also holds essential 3G and 4G wireless patents, which produce licensing or royalty income.

In 2019, chips accounted for about 60% of total revenue and technology licensing for 19%, according to the Qualcomm Annual Report

While smaller in size, licensing is more profitable and boasts a bigger competitive advantage.

Apple's pending acquisition of Intel's smartphone modem business highlights a headwind for Qualcomm stock — the vertical integration trend, as device makers develop in-house chip expertise.

An appeal of the FTC antitrust ruling is underway. President Donald Trump's Huawei ban and China trade war have also hit chip stocks broadly.

New alliance with China's Tencent (TCEHY) tied to mobile gaming devices.

The outlook for earnings is improving for 5G chip leader Qualcomm, but growth isn't returning anytime soon.

A final ruling on the antitrust issue is outstanding, and Qualcomm management awaits U.S. approval to keep selling technology to Huawei.

Moreover, QCOM stock's most recent breakout is struggling and could fail.

Bottom line: Qualcomm stock is not a buy right now, though investors can keep it on their watch lists. Check back here for updates.


Source: Investor's Business Daily

https://www.investors.com/research/qual ... yptr=yahoo
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Re: Qualcomm (QCOM)

Postby winston » Tue Jan 07, 2020 2:32 pm

Top Picks 2020- Qualcomm QCOM

Last year, Jim Kelleher, an analyst with Argus Research, chose NVidia Corp., (NVDA) as his Top Pick; the stock rose 80% and he believes long-term growth prospects remain strong. For 2020, he suggests another chipmaker.

Qualcomm (QCOM) is a designer and manufacturer of advanced semiconductors for mobile phones and commercial wireless applications. It provides integrated solutions, including processors, GPS, WiFi, basebands and other applications, for smartphones, tablets, and mobile PCs.

Qualcomm has extended its leadership in the 3G CDMA wireless standard into the 4G LTE niche. It derives substantial royalty and licensing revenue from its extensive intellectual-property portfolio for 3G, 4G and now 5G technologies.

Qualcomm had a highly eventful fiscal 2019, which began with the company battling both Apple and regulatory agencies in the U.S. and other jurisdictions.

The May settlement and licensing agreement with Apple caused the stock to surge higher, only to retreat when the U.S. FTC reiterated its position that Qualcomm's licensing model violated FRAND standards.

Qualcomm exited the fiscal year having successfully executed on its strategic priorities. These include helping drive commercialization of 5G globally, completing a number of important 'anchor' license agreements, and executing across the product roadmap.

CEO Steve Mollenko explains pf that 5G is a meaningful step-change in complexity from 4G, given that 5G requires new and dense network architectures, high-performance basebands, advanced RF front end designs, increased processing requirements, and leading-edge process nodes.

Additionally, Qualcomm is actively supporting release 16 and 17, which support 5G in adjacent markets such as IoT. Qualcomm believes that '5G will represent the biggest opportunity in Qualcomm's history, according to the CEO.

Looking ahead to fiscal 2020, a key priority is to continue executing on the 5G transition with partners around the world. Currently, more than 40 device OEMs and more than 30 network operators are launching or announcing 5G products or services; those numbers have doubled since the beginning of calendar 2019.

Qualcomm hit revenue and non-GAAP EPS peaks over five years ago in fiscal 2014, at $26.8 billion and $5.27 per diluted share, respectively.

With Apple signed, a potential settlement with the FTC, and 5G looming, Qualcomm may finally be in position to take operating results to new highs, though it won't happen overnight.

Source: Yahoo Finance

https://finance.yahoo.com/news/top-pick ... 00374.html
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Re: Qualcomm (QCOM)

Postby winston » Tue Feb 18, 2020 10:16 pm

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Now Could Be a Great Time to Buy This Stock

by Laura Hoy

The legal issues that Qualcomm is facing with the EU and Huawei aren’t enough to derail the firm’s long-term growth story.

Declining sales in China, however, could become a problem.

The firm reported that its revenue from China was down more than 20% in 2019, likely a product of the trade war.

Worryingly, Chinese sales make up nearly half of the firm’s overall gross sales. The coronavirus issues could further pressure Qualcomm’s Chinese sales.


Source: Investor Place

https://dailytradealert.com/2020/02/18/ ... his-stock/
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Re: Qualcomm (QCOM)

Postby winston » Tue Mar 10, 2020 1:36 pm

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Qualcomm, Inc. (QCOM)

This semiconductor chip maker saw gains in 2H19, after concluding several legal battles. The most important was a royalty fight with Apple, which resulted in a settlement that saw Qualcomm solidify its position as the iPhone maker’s primary supplier of modem chips and take home a significant (though undisclosed) financial award.

The legal settlements came just as QCOM started fiscal 2020, and the company’s Q1 report showed some gains.

Revenue was up 4.9% year-over-year, and at $5.08 billion beat the forecast by 5.2%. EPS also beat estimates, by 14%, and came in at 99 cents per share. That was, however, a sharp 17% drop year-over-year.

Qualcomm has been cautious in its forward guidance, accepting that the coronavirus outbreak will slow down 5G implementation in China, along with impacting factory supply lines to smartphone manufacturers.

In the long run, however, the company sees 5G as an important driver of chip demand, both for the new infrastructure and the updated handsets. The Apple settlement, locking in the giant company as a chip customer, is seen as a clear positive in this regard.

QCOM, like GM, is a high-yield dividend stock, paying out $2.48 per share annually, or 62 cents per quarter. The yield, at 3.1%, is more than 50% higher than the S&P average, and the company has kept the payments reliably for the last 16 years while making periodic increases. The payment was last raised in 2018.

Writing for JPM, 4-star analyst Samik Chatterjee cites QCOM’s strong 5G moves, and says, “We expect Qualcomm’s QCT group to benefit substantially from 5G modem and RFFE sales to smartphone manufacturers and non-handset OEMs as well.

In addition to the strong growth expectations for the QCT group, Qualcomm will stabilize its QTL licensing revenue as a consequence of a landmark agreement reached with Apple, which will also mitigate potential risk from litigations from other OEMs.”

Chatterjee gives this stock a Buy rating with a $105 price target, suggesting a solid upside potential of 36%.

Overall, Qualcomm has a Moderate Buy consensus rating based on 10 Buys and 7 Holds. The stock is selling for $77.47, and the $99.80 average price target suggests an upside potential of 29%.

Source: TipRanks
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Re: Qualcomm (QCOM)

Postby winston » Wed Apr 22, 2020 1:11 pm

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Qualcomm Inc. (QCOM)

Qualcomm has cemented its status as one of the top players in the semiconductor space. However, Goldman Sachs believes weakening smartphone demand will be its downfall.

Speaking directly to this issue, Hall argues that decelerating smartphone demand will hamper both its Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing (QTL) segments. As a result, the analyst expects earnings to come in below the consensus estimate for not only 2020 but also 2021.

Expounding on this, Hall stated, “We are reducing our calendar year 2020 and calendar year 2021 3G/4G/5G units estimate by 12.5% and 10.0%, respectively, to 1,588 million and 1,758 million, due to the anticipated impacts from COVID-19 and weakening consumer confidence which we believe reduces smartphone replacement rates. We have also reduced our iPhone units expectations by 7% in calendar year 2021 to 177 million.”

It should be noted that Hall believes the 5G category won’t be hit as hard thanks to the high likelihood of faster demand recovery in China, but this won’t make up for weakness in the other categories.

That being said, several factors could strengthen QCOM’s long-term growth narrative. “A sharper recovery in consumer spending on smartphones or a faster adoption of mmWave 5G devices could meaningfully increase our estimates and cause us to become more constructive.

On mmWave in particular we would see a higher likelihood of faster adoption if smartphone ASPs did not deteriorate the way that we currently expect them to in our Central case modeling,” Hall explained.

In the meantime, Hall downgraded his rating from Neutral to Sell. In addition, he cut the price target from $77 to $61, implying 18% downside potential.

Turning now to the rest of the Street, other analysts are more optimistic. 12 Buys, 6 Holds and 1 Sell add up to a Moderate Buy analyst consensus. At $91.94, the average price target puts the upside potential at nearly 28%.

Source: GS
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Re: Qualcomm (QCOM)

Postby behappyalways » Fri May 01, 2020 4:19 pm

Qualcomm stock rises following earnings beat, no change to 5G forecast
https://www.marketwatch.com/story/qualc ... ck_seemore
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