Cantor Fitzgerald analyst reiterates Qualcomm (NASDAQ:QCOM) with a Neutral
Cantor Fitzgerald analyst C J Muse reiterates Qualcomm (NASDAQ:QCOM) with a Neutral and maintains $150 price target.
News & Forecast & Price target & Analyst Ratings & Estimates
Qualcomm (NASDAQ: QCOM) is enabling a world where everyone and everything can be intelligently connected. Our one technology roadmap allows us to efficiently scale the technologies that launched the mobile revolution — including advanced connectivity, high-performance, low-power compute, on-device intelligence and more — to the next generation of connected smart devices across industries. Innovations from Qualcomm and our family of Snapdragon platforms will help enable cloud-edge convergence, transform industries, accelerate the digital economy, and revolutionize how we experience the world, for the greater good.
Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.
Cantor Fitzgerald analyst C J Muse reiterates Qualcomm (NASDAQ:QCOM) with a Neutral and maintains $150 price target.
Qualcomm (NASDAQ: QCOM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/12/2024 -2.68% Cantor Fitzgerald → $150 Reiterates Neutral → Neutral 02/01/2024 7.05% Piper Sandler $140 → $165 Maintains Overweight 02/01/2024 10.29% Rosenblatt $160 → $170 Maintains Buy 02/01/2024 -2.68% Cantor Fitzgerald → $150 Reiterates Neutral → Neutral 02/01/2024 16.78% Keybanc $165 → $180 Maintains Overweight 02/01/2024 3.8% Mizuho $155 → $160 Maintains Buy 02/01/2024 10.29% JP Morgan $173 → $170 Maintains Overweight 02/01/2024 3.8% Citigroup → $160 Downgrades Buy → Neutral 01/23/2024 -2.68% Cantor Fitzgerald → $150 Initiates Coverage On → Neutral 01/19/2024 13.54% Canaccord Genuity $152 → $175 Maintains Buy 01/18/2024 3.8% Rosenblatt → $160 Reiterates Buy → Buy 01/16/2024 0.56% Barclays $140 → $155 Maintains Overweight 01/16/2024 7.05% Keybanc $145 → $165 Maintains Overweight 01/12/2024 3.8% Citigroup → $160 Upgrades Neutral → Buy 12/08/2023 -14.36% Morgan Stanley $119 →…
Qualcomm, a maker of mobile processors and 5G wireless chips, will retain its robust modem share for the iPhone this year, says Piper Sandler. On Tuesday, analyst Harsh Kumar reiterated his Overweight rating on Qualcomm stock with his $165 price target. Shares were down 1.8% to $150.30 in midday Tuesday trading, while the S&P 500 and Nasdaq Composite were lower by 1.2% and 1.5%. “Historically, prior to a major global modem launch, the modem maker has to ratify and qualify the modem across the globe,” he wrote. “We have heard no such news about an internal Apple modem. This leads us to strongly believe that just like 2023 iPhone modems, the 2024 iPhone is also likely to be 100% reliant on a QCOM modem.” The analyst noted Qualcomm and Apple signed a new three-year deal last September for phones to be introduced in 2024, 2025, and 2026. He believes the…
Read More “Qualcomm’s Chip Share Inside IPhones Is Still Strong, Says Piper Sandler” »
Qualcomm Sees Q2 2024 Adj. EPS $2.20-$2.40 Vs $2.25 Est., Revenues $8.9B-$9.7B Vs $9.303B Est.
Qualcomm reported fiscal Q1 non-GAAP earnings Wednesday of $2.75 per diluted share, up from $2.37 a year earlier. Analysts polled by Capital IQ expected $2.37. Revenue in the quarter ended Dec. 24 rose to $9.92 billion from $9.46 billion a year earlier. Analysts surveyed by Capital IQ expected $9.52 billion. The company said it expects fiscal Q2 non-GAAP EPS of $2.20 to $2.40 on revenue of $8.9 billion to $9.7 billion. Analysts surveyed by Capital IQ project EPS of $2.24 on revenue of $9.3 billion.
By Denny Jacob Qualcomm logged better-than-expected revenue in the latest quarter, led by growth in handsets and automotive in its QCT segment. The mobile-phone chip maker posted net income of $2.77 billion, or $2.46 a share, for the fiscal first quarter ended Dec. 24, up from $2.24 billion, or $1.98 a share, a year earlier. Adjusted earnings were $2.75 a share, above analysts’ estimates of $2.37. Revenue increased 5% to $9.94 billion from $9.46 billion. Analysts polled by FactSet expected $9.51 billion. By segment, revenue in QCT grew 7% to $8.42 billion while QTL edged down 4% to $1.46 billion. QCT’s revenue streams consist of handsets, automotive and internet of things. Revenue in handsets and automotive grew 16% and 31%, respectively, from a year earlier, while IoT dived 32% during the same period. Qualcomm, which sells communication and data-processing chips crucial in phones from Apple and Samsung, forecast revenue between…
Read More “Qualcomm 1Q Revenue Tops Estimates on Growth in Handsets, Automotive” »
Qualcomm Executive Said Company Extended License Agreement With Apple Through March 2027.
Qualcomm Said Anticipate Android Revenues Will Be Approximately Flat QoQ -Conf Call.
Qualcomm Said We Do Not Expect Any Material Change In Qualcomm Technology Licensing Revenue Run Rate As A Result Of Licensing Extensions.
By Emily Bary Stock dips after earnings as revenue forecast lies in line with expectations Qualcomm Inc. blew out quarterly profit estimates in its most recent report Wednesday, but its shares moved lower in choppy aftermarket action as the company’s revenue forecast merely met expectations at the midpoint. As artificial intelligence increasingly dominates the narrative for the chip sector, Qualcomm’s (QCOM) management said the company is among the beneficiaries of the AI wave. Chief Executive Cristiano Amon called out how the company’s Snapdragon technology features into the Samsung Galaxy S24 Ultra platform. That device has various on-device AI features, including translation. “This marks the beginning of how [generative AI] will evolve the overall smartphone experience and highlights the significant opportunity for Snapdragon platforms,” he said. The company is also seeing favorable AI smartphone trends with some of its Chinese customers, Amon added. “Eventually, at a minimum it’s going to have…
Read More “Qualcomm Becomes Latest Chip Company to Cheer AI En Route to an Earnings Beat” »