Qualcomm recently reported earnings and shared thoughts about its upcoming legal fight with Arm Holdings.
The tech company looks poised to benefit from a smartphone upgrade cycle.
Qualcomm reported Q4 earnings last week. The company continues to see solid growth and to generate tons of cash. While there are risks, the potential benefits make QCOM a Buy.
Loop Capital analyst Gary Mobley initiated coverage of Qualcomm with a Hold rating and $180 price target.
Qualcomm appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Qualcomm's shares have stagnated, but AI smartphone growth is just starting and will significantly benefit Qualcomm, making shares a strong buy. Qualcomm's Q4 earnings exceeded expectations, with impressive handset revenue growth and strong performance in the AI chip sector. Qualcomm's valuation is attractive with a low P/E ratio and strong projected revenue growth, presenting significant upside potential.
Revenue and profits are growing, and the company expects the good times to continue well into 2025.
Qualcomm Incorporated's strong fiscal Q4 financials include over $10 billion in revenue, annualized EPS of $10/share, and a P/E ratio in the high teens. The company's guidance forecasts nearly $11 billion in revenue and EPS approaching $12/share, driven by strong margins and reduced share count. Qualcomm leads in segments like Snapdragon processors, automotive intelligence, and Wi-Fi 7, despite risks from potential Intel acquisition and Arm lawsuit.
Shares of Qualcomm Inc QCOM remained volatile in early trading on Thursday, after the company reported upbeat fiscal fourth-quarter results.
Alex Coffey discusses markets hitting new all-time highs on Thursday, and places example trades on Qualcomm (QCOM) and Arm Holdings (ARM) after earnings on today's The Daily Trader,
QCOM beats fourth-quarter fiscal 2024 earnings estimates on top-line growth led by solid automotive, handset and IoT revenues.
Semiconductor firm Qualcomm Inc (NASDAQ:QCOM) reported fiscal fourth-quarter results after yesterday's close, with earnings per share and revenue both beating estimates.