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Also traded in: Argentina, Brazil, Chile, Germany, Mexico, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash-to-Debt 0.93
QCOM's Cash-to-Debt is ranked lower than
62% of the 775 Companies
in the Global Semiconductors industry.

( Industry Median: 1.77 vs. QCOM: 0.93 )
Ranked among companies with meaningful Cash-to-Debt only.
QCOM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45  Med: No Debt Max: No Debt
Current: 0.93
Equity-to-Asset 0.60
QCOM's Equity-to-Asset is ranked lower than
52% of the 773 Companies
in the Global Semiconductors industry.

( Industry Median: 0.61 vs. QCOM: 0.60 )
Ranked among companies with meaningful Equity-to-Asset only.
QCOM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37  Med: 0.8 Max: 0.91
Current: 0.6
0.37
0.91
Interest Coverage 17.86
QCOM's Interest Coverage is ranked lower than
62% of the 731 Companies
in the Global Semiconductors industry.

( Industry Median: 43.04 vs. QCOM: 17.86 )
Ranked among companies with meaningful Interest Coverage only.
QCOM' s Interest Coverage Range Over the Past 10 Years
Min: 17.86  Med: 89.71 Max: 1510
Current: 17.86
17.86
1510
Piotroski F-Score: 6
Altman Z-Score: 4.26
Beneish M-Score: -2.00
WACC vs ROIC
11.94%
17.25%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating Margin % 23.50
QCOM's Operating Margin % is ranked higher than
93% of the 773 Companies
in the Global Semiconductors industry.

( Industry Median: 4.36 vs. QCOM: 23.50 )
Ranked among companies with meaningful Operating Margin % only.
QCOM' s Operating Margin % Range Over the Past 10 Years
Min: 21.37  Med: 29.4 Max: 33.94
Current: 23.5
21.37
33.94
Net Margin % 20.56
QCOM's Net Margin % is ranked higher than
92% of the 772 Companies
in the Global Semiconductors industry.

( Industry Median: 3.17 vs. QCOM: 20.56 )
Ranked among companies with meaningful Net Margin % only.
QCOM' s Net Margin % Range Over the Past 10 Years
Min: 15.28  Med: 28.42 Max: 37.23
Current: 20.56
15.28
37.23
ROE % 15.92
QCOM's ROE % is ranked higher than
84% of the 754 Companies
in the Global Semiconductors industry.

( Industry Median: 4.00 vs. QCOM: 15.92 )
Ranked among companies with meaningful ROE % only.
QCOM' s ROE % Range Over the Past 10 Years
Min: 8.32  Med: 18.38 Max: 22.59
Current: 15.92
8.32
22.59
ROA % 9.56
QCOM's ROA % is ranked higher than
84% of the 779 Companies
in the Global Semiconductors industry.

( Industry Median: 2.18 vs. QCOM: 9.56 )
Ranked among companies with meaningful ROA % only.
QCOM' s ROA % Range Over the Past 10 Years
Min: 6.12  Med: 13.7 Max: 19.6
Current: 9.56
6.12
19.6
ROC (Joel Greenblatt) % 267.38
QCOM's ROC (Joel Greenblatt) % is ranked higher than
99% of the 778 Companies
in the Global Semiconductors industry.

( Industry Median: 8.85 vs. QCOM: 267.38 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
QCOM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 54.24  Med: 232.41 Max: 320.43
Current: 267.38
54.24
320.43
3-Year Revenue Growth Rate 3.50
QCOM's 3-Year Revenue Growth Rate is ranked higher than
53% of the 716 Companies
in the Global Semiconductors industry.

( Industry Median: 2.90 vs. QCOM: 3.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
QCOM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -15.9  Med: 12.3 Max: 28.9
Current: 3.5
-15.9
28.9
3-Year EBITDA Growth Rate 2.80
QCOM's 3-Year EBITDA Growth Rate is ranked lower than
52% of the 530 Companies
in the Global Semiconductors industry.

( Industry Median: 4.10 vs. QCOM: 2.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
QCOM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -6.6  Med: 14.6 Max: 70.2
Current: 2.8
-6.6
70.2
3-Year EPS without NRI Growth Rate -0.90
QCOM's 3-Year EPS without NRI Growth Rate is ranked lower than
52% of the 474 Companies
in the Global Semiconductors industry.

( Industry Median: 1.30 vs. QCOM: -0.90 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
QCOM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -12.9  Med: 14.7 Max: 78.9
Current: -0.9
-12.9
78.9
» QCOM's 10-Y Financials

Financials (Next Earnings Date: 2017-04-19)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

QCOM Guru Trades in Q1 2016

Murray Stahl 5,688 sh (New)
Mario Gabelli 15,005 sh (New)
David Dreman 30,097 sh (New)
Jim Simons 285,860 sh (New)
John Burbank 46,086 sh (New)
George Soros 290,641 sh (New)
Joel Greenblatt 1,077,519 sh (+103.70%)
John Buckingham 35,430 sh (+80.39%)
Manning & Napier Advisors, Inc 9,416,581 sh (+40.93%)
Ray Dalio 258,247 sh (+18.40%)
First Pacific Advisors 3,482,560 sh (+14.14%)
Steven Romick 3,100,110 sh (+13.68%)
Mairs and Power 1,493,814 sh (+12.53%)
Barrow, Hanley, Mewhinney & Strauss 20,511,934 sh (+12.44%)
First Eagle Investment 1,145,698 sh (+11.94%)
Sarah Ketterer 2,795,794 sh (+3.64%)
Richard Snow 998,473 sh (+3.58%)
Ken Fisher 9,556,732 sh (+1.96%)
PRIMECAP Management 16,330,925 sh (+1.09%)
Richard Pzena 887,191 sh (+0.61%)
Jerome Dodson 325,000 sh (unchged)
Paul Tudor Jones 70,800 sh (unchged)
Paul Tudor Jones 63,700 sh (unchged)
Caxton Associates Sold Out
Jana Partners Sold Out
Louis Moore Bacon Sold Out
Bill Nygren 4,745,000 sh (-2.06%)
T Rowe Price Equity Income Fund 5,086,100 sh (-2.80%)
Jeremy Grantham 8,604,755 sh (-4.68%)
David Carlson 1,030,000 sh (-14.17%)
Paul Tudor Jones 37,818 sh (-26.53%)
David Rolfe 5,949,806 sh (-29.54%)
Dodge & Cox 5,430 sh (-32.13%)
Pioneer Investments 95,164 sh (-63.68%)
» More
Q2 2016

QCOM Guru Trades in Q2 2016

First Pacific Advisors 3,916,960 sh (+12.47%)
Sarah Ketterer 3,005,206 sh (+7.49%)
Jeremy Grantham 9,142,660 sh (+6.25%)
PRIMECAP Management 17,320,124 sh (+6.06%)
Barrow, Hanley, Mewhinney & Strauss 21,598,005 sh (+5.29%)
Joel Greenblatt 1,118,317 sh (+3.79%)
Ken Fisher 9,685,805 sh (+1.35%)
Richard Pzena 888,541 sh (+0.15%)
Mairs and Power 1,494,334 sh (+0.03%)
Steven Romick 3,100,110 sh (unchged)
Jerome Dodson 325,000 sh (unchged)
Dodge & Cox 5,430 sh (unchged)
Paul Singer 1,034,000 sh (unchged)
Paul Tudor Jones 21,900 sh (unchged)
Paul Tudor Jones 25,000 sh (unchged)
Murray Stahl 5,688 sh (unchged)
David Carlson 1,030,000 sh (unchged)
Bill Nygren 4,745,000 sh (unchged)
Ray Dalio Sold Out
Jim Simons Sold Out
John Burbank Sold Out
George Soros Sold Out
John Buckingham 35,312 sh (-0.33%)
Mario Gabelli 14,927 sh (-0.52%)
T Rowe Price Equity Income Fund 5,050,000 sh (-0.71%)
Manning & Napier Advisors, Inc 9,247,526 sh (-1.80%)
David Dreman 29,164 sh (-3.10%)
Richard Snow 943,836 sh (-5.47%)
David Rolfe 4,013,697 sh (-32.54%)
Pioneer Investments 61,773 sh (-35.09%)
Paul Tudor Jones 22,269 sh (-41.12%)
First Eagle Investment 562,788 sh (-50.88%)
» More
Q3 2016

QCOM Guru Trades in Q3 2016

John Hussman 127,000 sh (New)
Steven Cohen 628,600 sh (New)
David Tepper 900,000 sh (New)
Lee Ainslie 49,720 sh (New)
Ron Baron 4,000 sh (New)
Spiros Segalas 5,589,229 sh (New)
Paul Tudor Jones 83,173 sh (+273.49%)
First Eagle Investment 901,741 sh (+60.23%)
Sarah Ketterer 3,055,994 sh (+1.69%)
John Buckingham 35,814 sh (+1.42%)
Ken Fisher 9,691,241 sh (+0.06%)
Jerome Dodson 325,000 sh (unchged)
David Carlson 1,030,000 sh (unchged)
Paul Singer 1,034,000 sh (unchged)
Dodge & Cox 5,430 sh (unchged)
Murray Stahl 5,688 sh (unchged)
Bill Nygren 4,745,000 sh (unchged)
Mario Gabelli Sold Out
Mairs and Power 1,486,059 sh (-0.55%)
Richard Pzena 883,045 sh (-0.62%)
PRIMECAP Management 16,980,554 sh (-1.96%)
Barrow, Hanley, Mewhinney & Strauss 21,024,535 sh (-2.66%)
David Dreman 28,293 sh (-2.99%)
Richard Snow 910,253 sh (-3.56%)
Joel Greenblatt 1,069,733 sh (-4.34%)
Jeremy Grantham 8,287,646 sh (-9.35%)
T Rowe Price Equity Income Fund 4,425,000 sh (-12.38%)
David Rolfe 3,461,144 sh (-13.77%)
First Pacific Advisors 2,341,120 sh (-40.23%)
Steven Romick 1,815,560 sh (-41.44%)
Manning & Napier Advisors, Inc 4,739,875 sh (-48.74%)
Pioneer Investments 2,935 sh (-95.25%)
» More
Q4 2016

QCOM Guru Trades in Q4 2016

Mario Gabelli 3,547 sh (New)
Jim Simons 269,760 sh (New)
First Eagle Investment 2,254,453 sh (+150.01%)
David Tepper 1,400,000 sh (+55.56%)
John Buckingham 40,380 sh (+12.75%)
Sarah Ketterer 3,390,137 sh (+10.93%)
David Carlson 1,100,000 sh (+6.80%)
Joel Greenblatt 1,112,953 sh (+4.04%)
Murray Stahl 5,887 sh (+3.50%)
Spiros Segalas 7,101,639 sh (+27.06%)
Steven Romick 1,815,560 sh (unchged)
T Rowe Price Equity Income Fund 4,425,000 sh (unchged)
John Hussman 127,000 sh (unchged)
Ron Baron 4,000 sh (unchged)
Paul Singer 1,034,000 sh (unchged)
Bill Nygren 4,745,000 sh (unchged)
Dodge & Cox 5,430 sh (unchged)
Pioneer Investments Sold Out
Steven Cohen Sold Out
Ken Fisher 9,688,348 sh (-0.03%)
Mairs and Power 1,484,888 sh (-0.08%)
First Pacific Advisors 2,330,270 sh (-0.46%)
Lee Ainslie 47,900 sh (-3.66%)
Barrow, Hanley, Mewhinney & Strauss 20,101,407 sh (-4.39%)
PRIMECAP Management 16,108,699 sh (-5.13%)
Richard Snow 809,382 sh (-11.08%)
David Rolfe 2,920,979 sh (-15.61%)
Richard Pzena 743,731 sh (-15.78%)
Jeremy Grantham 6,805,290 sh (-17.89%)
Jerome Dodson 250,000 sh (-23.08%)
David Dreman 17,118 sh (-39.50%)
Paul Tudor Jones 4,878 sh (-94.14%)
Manning & Napier Advisors, Inc 219,275 sh (-95.37%)
» More
» Details

Insider Trades

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Business Description

Industry: Semiconductors » Semiconductors    NAICS: 334118    SIC: 3577
Compare: » details
Traded in other countries:QCOM.Argentina, QCOM34.Brazil, QCOM.Chile, QCI.Germany, QCOM.Mexico, QCOM.Switzerland, 0QZ3.UK,
Qualcomm Inc develops digital communication technology called CDMA (Code Division Multiple Access), & owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications & trade secrets.

Qualcomm develops and licenses wireless technology in addition to designing chips for mobile phones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks. In turn, Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying many premier handset makers with leading-edge processors.

Guru Investment Theses on Qualcomm Inc

Jerome Dodson Comments on Qualcomm - Nov 01, 2016

Qualcomm (NASDAQ:QCOM), a provider of software and semiconductor chips used in mobile phones, boosted the Fund’s return by 67 basis points, as its stock rose 27.9% from $53.57 to $68.50. Investors cheered the company’s progress in China, as it signed licensing agreements with several smartphone manufacturers and its new Snapdragon chips gained market share in the country. In late September, the stock jumped on reports that the company was in talks to acquire NXP Semiconductors, a leading provider of semiconductors to the automotive industry. If the deal occurs, it would be significantly accretive to earnings, as Qualcomm would add a new, fast-growing revenue stream while putting its $31 billion cash balance to work.

From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund third-quarter 2016 commentary.

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David Rolfe Comments on Qualcomm - Oct 21, 2016

Qualcomm (NASDAQ:QCOM) was also a top contributor to performance over the past three months. We saw Qualcomm make meaningful progress on its technology licensing (QTL) front after several quarters of patiently waiting for the Company to capture unpaid royalties in China. Although Qualcomm’s chipset franchise (QCT) usually garners most of the attention for the Company, its high-margin QTL segment actually generates two-thirds to three-quarters of consolidated profitability. So while revenues at Qualcomm grew 4%, operating income grew almost 30%, year-over-year. Although it has taken several quarters to eventually materialize, we think that the “lumpy” nature of QTL revenues does not make Qualcomm’s long-term prospects for monetizing its prolific research and development spend (cumulative $16 billion over the past three years), any less attractive. In our opinion, Qualcomm shares remain underappreciated by the market, trading at just 14X next 12 month earnings. In addition, the Company maintains a fortress-like balance sheet with about $20 billion in net cash. As a valuation thought-experiment, if Qualcomm levered its balance sheet to be at parity with the average S&P 500 company's (excluding financials) net debt-to-operating earnings ratio4, the Company would have close to 35% of its market cap available for redeployment. We continue to expect that the long-term growth of the business will drive the stock higher and help close that gap, but our conviction in the stock is reinforced by the Company’s excellent financial health, which is a byproduct of their superior profitability.

From David Rolfe (Trades, Portfolio)'s Wedgewood Partners third-quarter 2016 shareholder letter.

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David Rolfe Comments on Qualcomm - Oct 17, 2016

Qualcomm (NASDAQ:QCOM) was also a top contributor to performance over the past three months. We saw Qualcomm make meaningful progress on its technology licensing (QTL) front after several quarters of patiently waiting for the Company to capture unpaid royalties in China. Although Qualcomm’s chipset franchise (QCT) usually garners most of the attention for the Company, its high-margin QTL segment actually generates two-thirds to three-quarters of consolidated profitability. So while revenues at Qualcomm grew 4%, operating income grew almost 30%, year-over-year. Although it has taken several quarters to eventually materialize, we think that the “lumpy” nature of QTL revenues does not make Qualcomm’s long-term prospects for monetizing its prolific research and development spend (cumulative $16 billion over the past three years), any less attractive. In our opinion, Qualcomm shares remain underappreciated by the market, trading at just 14X next 12 month earnings. In addition, the Company maintains a fortress-like balance sheet with about $20 billion in net cash. As a valuation thought-experiment, if Qualcomm levered its balance sheet to be at parity with the average S&P 500 company's (excluding financials) net debt-to-operating earnings ratio4, the Company would have close to 35% of its market cap available for redeployment. We continue to expect that the long-term growth of the business will drive the stock higher and help close that gap, but our conviction in the stock is reinforced by the Company’s excellent financial health, which is a byproduct of their superior profitability.



From Wedgewood Partners' third quarter 2016 shareholder commentary.



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Wedgewood Partners Comments on Qualcomm - Jan 18, 2016

Of note regarding our continued conviction to hold onto Qualcomm (NASDAQ:QCOM), we think Qualcomm's underperformance during the quarter was largely attributed to customer compliance issues and increasing regulatory scrutiny. Both pertain to Qualcomm's lucrative licensing segment, which accounts for the majority of the Company's profitability. Qualcomm continues to represent an excellent risk-reward trade-off, with shares trading at historically low multiples. Ample growth catalysts include management's aggressive investment in increasing customer compliance with respect to signing licensing agreements, as well as retaking market share in its still-dominant chipset business.



We think the existential crisis that the market is pricing into Qualcomm’s shares is much too dire. First, China’s “techno-nationalism” has made it notoriously difficult for U.S. technology companies to compete on the Mainland 2. We believe too that Qualcomm’s 2015 settlement with Chinese regulators over licensing practices represents a very unique and attractive new source of high-margin, revenue growth. To date, it has been difficult for Qualcomm to begin collecting, per their settlement. However, during the quarter, the Company announced that they had signed licensing agreements with four of the five largest Chinese mobile device original equipment manufacturers, so we expect to see licensing revenue ramp faster than the market is expecting. Second, we think there is a good probability Qualcomm wins back share at some key chipset accounts, which should bode well for margins, especially as the Company has invested in a nimbler cost-structure. Last, while we can attribute some of Qualcomm’s recent stumbles to a mobile handset industry that is entering a more mature phase of growth, the Company is relatively further along in the process of converting its business model to reflect those realities, and we expect double-digit earnings per share gains over the next few years. We estimate that Qualcomm currently trades at a mid-single digit forward earning per share multiple, adjusted for net cash, which is a substantial discount to both the Russell 1000 Growth Index and S&P 500 Index. We expect continued significant buyback activity over the next several quarters, which should enhance the Company’s per-share growth prospects.



From Wedgewood Partners' fourth quarter 2015 client letter.



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David Rolfe Comments on Qualcomm - Oct 15, 2015

We incrementally added to our positions in Qualcomm (NASDAQ:QCOM) at the beginning of the quarter as we believe a slowdown in the Company’s chipset franchise (“QCT”) is more than discounted by the market. Further, we think QCT is at an earnings trough, as cost-containment efforts as well as restoration of socket share at key customers (e.g. Samsung) should restore the segment to mid-teen margins. We think Qualcomm’s licensing business (“QTL”) is also being dramatically undervalued. We expect “GDP-plus” revenue growth prospects and monopolistic operating margins well above 80% at QTL, and surmise that the market is assigning this business a single-digit, 2016 EV/EPS multiple, which is particularly attractive relative the “average” S&P 500 business trading in the mid to high teens multiples. We concluded that while the negative fundamental news on Qualcomm has lasted around 12 to 18 months, we think this is more than discounted in the current price and that this Company continues to have secular opportunities to grow earnings in the double-digit range.

From David Rolfe (Trades, Portfolio)'s Wedgewood Partners third quarter 2015 letter.

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Top Ranked Articles about Qualcomm Inc

Insider Buys Highlight for Week of Feb. 6 Insiders bought shares of Walgreens Boots Alliance and Qualcomm
Walgreens Boots Alliance Inc. (NASDAQ:WBA): Co-COO Ornella Barra bought 124,000 shares Read more...
Insider Buys 18,815 Qualcomm Shares Company has strong financial statements and is expanding operations
Qualcomm Inc. (NASDAQ:QCOM) EVP and President Cristiano Amon purchased 18,815 shares of the company for $53.13 per share on Feb. 3 according to a Form 4 filing with the Securities and Exchange commission. Amon now owns 22,039 shares of the company. Read more...
Apple Sues Qualcomm for Exorbitant Pricing What investors should do about the lawsuit
Published Jan. 29 by Bob Ciura Read more...
Korea Fair Trade Commission Fines Qualcomm Over Alleged Antitrust Violations Commission says company infringed on law by limiting competitors’ access to patents
Qualcomm Inc. (NASDAQ:QCOM) is facing a fine of $865 million for alleged antitrust violations made by the Korea Fair Trade Commission. Read more...
Hussman Gains Qualcomm, Dollar Tree, Lululemon in 3rd Quarter The guru’s top 3 new holdings
John Hussman (Trades, Portfolio), the founder and president of Hussman Strategic Advisors, acquired 39 new holdings in the third quarter. His top three new holdings are Qualcomm Inc. (NASDAQ:QCOM), Dollar Tree Inc. (NASDAQ:DLTR) and Lululemon Athletica Inc. (NASDAQ:LULU). Read more...
Jerome Dodson Comments on Qualcomm Guru stock highlight
Qualcomm (NASDAQ:QCOM), a provider of software and semiconductor chips used in mobile phones, boosted the Fund’s return by 67 basis points, as its stock rose 27.9% from $53.57 to $68.50. Investors cheered the company’s progress in China, as it signed licensing agreements with several smartphone manufacturers and its new Snapdragon chips gained market share in the country. In late September, the stock jumped on reports that the company was in talks to acquire NXP Semiconductors, a leading provider of semiconductors to the automotive industry. If the deal occurs, it would be significantly accretive to earnings, as Qualcomm would add a new, fast-growing revenue stream while putting its $31 billion cash balance to work. Read more...
David Rolfe Comments on Qualcomm Guru stock highlight
Qualcomm (NASDAQ:QCOM) was also a top contributor to performance over the past three months. We saw Qualcomm make meaningful progress on its technology licensing (QTL) front after several quarters of patiently waiting for the Company to capture unpaid royalties in China. Although Qualcomm’s chipset franchise (QCT) usually garners most of the attention for the Company, its high-margin QTL segment actually generates two-thirds to three-quarters of consolidated profitability. So while revenues at Qualcomm grew 4%, operating income grew almost 30%, year-over-year. Although it has taken several quarters to eventually materialize, we think that the “lumpy” nature of QTL revenues does not make Qualcomm’s long-term prospects for monetizing its prolific research and development spend (cumulative $16 billion over the past three years), any less attractive. In our opinion, Qualcomm shares remain underappreciated by the market, trading at just 14X next 12 month earnings. In addition, the Company maintains a fortress-like balance sheet with about $20 billion in net Read more...
David Rolfe Comments on Qualcomm Guru stock highlight
Qualcomm (NASDAQ:QCOM) was also a top contributor to performance over the past three months. We saw Qualcomm make meaningful progress on its technology licensing (QTL) front after several quarters of patiently waiting for the Company to capture unpaid royalties in China. Although Qualcomm’s chipset franchise (QCT) usually garners most of the attention for the Company, its high-margin QTL segment actually generates two-thirds to three-quarters of consolidated profitability. So while revenues at Qualcomm grew 4%, operating income grew almost 30%, year-over-year. Although it has taken several quarters to eventually materialize, we think that the “lumpy” nature of QTL revenues does not make Qualcomm’s long-term prospects for monetizing its prolific research and development spend (cumulative $16 billion over the past three years), any less attractive. In our opinion, Qualcomm shares remain underappreciated by the market, trading at just 14X next 12 month earnings. In addition, the Company maintains a fortress-like balance sheet with about $20 billion in net Read more...
Spiros Segalas Takes 3-for-2 in Third Quarter Guru reports quarterly portfolio
During the third quarter, Spiros Segalas (Trades, Portfolio) invested in Qualcomm Inc. (NASDAQ:QCOM), Halliburton Co. (NYSE:HAL) and Adidas AG (XTER:ADS). The manager of the Harbor Capital Appreciation Fund (HACAX) also axed his positions in Abbott Laboratories (NYSE:ABT) and Under Armor Inc. (NYSE:UA). Read more...
Qualcomm Holding On in the Face of Adversity Several external factors are negatively impacting Qualcomm
After declining through major parts of 2014 and 2015, Qualcomm’s (NASDAQ:QCOM) shares have rebounded by more than 25% in the last twelve months. The slowdown in smartphone sales has greatly affected the company, causing revenues to decline from $26.48 billion in 2014 to $25.28 billion in 2015. But the company managed to arrest the decline during the third quarter of the current fiscal, posting 4% year-over-year growth. Read more...

Ratios

vs
industry
vs
history
PE Ratio 17.44
QCOM's PE Ratio is ranked higher than
64% of the 671 Companies
in the Global Semiconductors industry.

( Industry Median: 24.20 vs. QCOM: 17.44 )
Ranked among companies with meaningful PE Ratio only.
QCOM' s PE Ratio Range Over the Past 10 Years
Min: 13.18  Med: 19.83 Max: 49.59
Current: 17.44
13.18
49.59
Forward PE Ratio 12.44
QCOM's Forward PE Ratio is ranked higher than
83% of the 143 Companies
in the Global Semiconductors industry.

( Industry Median: 19.46 vs. QCOM: 12.44 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 17.44
QCOM's PE Ratio without NRI is ranked higher than
65% of the 604 Companies
in the Global Semiconductors industry.

( Industry Median: 24.20 vs. QCOM: 17.44 )
Ranked among companies with meaningful PE Ratio without NRI only.
QCOM' s PE Ratio without NRI Range Over the Past 10 Years
Min: 13.18  Med: 20.24 Max: 49.59
Current: 17.44
13.18
49.59
Price-to-Owner-Earnings 19.42
QCOM's Price-to-Owner-Earnings is ranked higher than
53% of the 388 Companies
in the Global Semiconductors industry.

( Industry Median: 20.39 vs. QCOM: 19.42 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
QCOM' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 12.11  Med: 19.33 Max: 36.08
Current: 19.42
12.11
36.08
PB Ratio 2.71
QCOM's PB Ratio is ranked lower than
67% of the 876 Companies
in the Global Semiconductors industry.

( Industry Median: 1.85 vs. QCOM: 2.71 )
Ranked among companies with meaningful PB Ratio only.
QCOM' s PB Ratio Range Over the Past 10 Years
Min: 2.18  Med: 3.33 Max: 5.99
Current: 2.71
2.18
5.99
PS Ratio 3.59
QCOM's PS Ratio is ranked lower than
77% of the 863 Companies
in the Global Semiconductors industry.

( Industry Median: 1.72 vs. QCOM: 3.59 )
Ranked among companies with meaningful PS Ratio only.
QCOM' s PS Ratio Range Over the Past 10 Years
Min: 2.96  Med: 5.69 Max: 11.36
Current: 3.59
2.96
11.36
Price-to-Free-Cash-Flow 15.52
QCOM's Price-to-Free-Cash-Flow is ranked higher than
58% of the 423 Companies
in the Global Semiconductors industry.

( Industry Median: 17.99 vs. QCOM: 15.52 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
QCOM' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 10.58  Med: 19.16 Max: 40.16
Current: 15.52
10.58
40.16
Price-to-Operating-Cash-Flow 14.16
QCOM's Price-to-Operating-Cash-Flow is ranked lower than
55% of the 528 Companies
in the Global Semiconductors industry.

( Industry Median: 12.57 vs. QCOM: 14.16 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
QCOM' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 8.55  Med: 16.23 Max: 34.02
Current: 14.16
8.55
34.02
EV-to-EBIT 13.54
QCOM's EV-to-EBIT is ranked higher than
65% of the 667 Companies
in the Global Semiconductors industry.

( Industry Median: 17.62 vs. QCOM: 13.54 )
Ranked among companies with meaningful EV-to-EBIT only.
QCOM' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.4  Med: 15 Max: 31.9
Current: 13.54
9.4
31.9
EV-to-EBITDA 11.11
QCOM's EV-to-EBITDA is ranked higher than
58% of the 762 Companies
in the Global Semiconductors industry.

( Industry Median: 13.23 vs. QCOM: 11.11 )
Ranked among companies with meaningful EV-to-EBITDA only.
QCOM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.3  Med: 13.1 Max: 24.5
Current: 11.11
8.3
24.5
PEG Ratio 2.36
QCOM's PEG Ratio is ranked lower than
55% of the 201 Companies
in the Global Semiconductors industry.

( Industry Median: 1.84 vs. QCOM: 2.36 )
Ranked among companies with meaningful PEG Ratio only.
QCOM' s PEG Ratio Range Over the Past 10 Years
Min: 0.6  Med: 1.25 Max: 6.3
Current: 2.36
0.6
6.3
Shiller PE Ratio 18.85
QCOM's Shiller PE Ratio is ranked higher than
85% of the 103 Companies
in the Global Semiconductors industry.

( Industry Median: 9999.00 vs. QCOM: 18.85 )
Ranked among companies with meaningful Shiller PE Ratio only.
QCOM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.78  Med: 34.2 Max: 77.95
Current: 18.85
15.78
77.95
Current Ratio 1.97
QCOM's Current Ratio is ranked lower than
59% of the 771 Companies
in the Global Semiconductors industry.

( Industry Median: 2.40 vs. QCOM: 1.97 )
Ranked among companies with meaningful Current Ratio only.
QCOM' s Current Ratio Range Over the Past 10 Years
Min: 1.65  Med: 4.01 Max: 9.29
Current: 1.97
1.65
9.29
Quick Ratio 1.73
QCOM's Quick Ratio is ranked lower than
53% of the 770 Companies
in the Global Semiconductors industry.

( Industry Median: 1.84 vs. QCOM: 1.73 )
Ranked among companies with meaningful Quick Ratio only.
QCOM' s Quick Ratio Range Over the Past 10 Years
Min: 1.31  Med: 3.75 Max: 9.17
Current: 1.73
1.31
9.17
Days Inventory 56.29
QCOM's Days Inventory is ranked higher than
68% of the 745 Companies
in the Global Semiconductors industry.

( Industry Median: 77.40 vs. QCOM: 56.29 )
Ranked among companies with meaningful Days Inventory only.
QCOM' s Days Inventory Range Over the Past 10 Years
Min: 43.34  Med: 50.41 Max: 57.06
Current: 56.29
43.34
57.06
Days Sales Outstanding 32.01
QCOM's Days Sales Outstanding is ranked higher than
84% of the 699 Companies
in the Global Semiconductors industry.

( Industry Median: 62.63 vs. QCOM: 32.01 )
Ranked among companies with meaningful Days Sales Outstanding only.
QCOM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.23  Med: 28.89 Max: 132.28
Current: 32.01
24.23
132.28
Days Payable 62.29
QCOM's Days Payable is ranked higher than
62% of the 678 Companies
in the Global Semiconductors industry.

( Industry Median: 50.62 vs. QCOM: 62.29 )
Ranked among companies with meaningful Days Payable only.
QCOM' s Days Payable Range Over the Past 10 Years
Min: 45.72  Med: 71.04 Max: 112.12
Current: 62.29
45.72
112.12

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.71
QCOM's Dividend Yield % is ranked higher than
79% of the 597 Companies
in the Global Semiconductors industry.

( Industry Median: 1.65 vs. QCOM: 3.71 )
Ranked among companies with meaningful Dividend Yield % only.
QCOM' s Dividend Yield % Range Over the Past 10 Years
Min: 0.83  Med: 1.7 Max: 4.23
Current: 3.71
0.83
4.23
Dividend Payout Ratio 0.63
QCOM's Dividend Payout Ratio is ranked higher than
62% of the 410 Companies
in the Global Semiconductors industry.

( Industry Median: 0.44 vs. QCOM: 0.63 )
Ranked among companies with meaningful Dividend Payout Ratio only.
QCOM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27  Med: 0.35 Max: 0.7
Current: 0.63
0.27
0.7
3-Year Dividend Growth Rate 19.00
QCOM's 3-Year Dividend Growth Rate is ranked higher than
70% of the 283 Companies
in the Global Semiconductors industry.

( Industry Median: 6.30 vs. QCOM: 19.00 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
QCOM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 16.3 Max: 70.3
Current: 19
0
70.3
Forward Dividend Yield % 3.70
QCOM's Forward Dividend Yield % is ranked higher than
79% of the 573 Companies
in the Global Semiconductors industry.

( Industry Median: 1.84 vs. QCOM: 3.70 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 8.97
QCOM's 5-Year Yield-on-Cost % is ranked higher than
92% of the 738 Companies
in the Global Semiconductors industry.

( Industry Median: 2.17 vs. QCOM: 8.97 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
QCOM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.01  Med: 4.11 Max: 10.22
Current: 8.97
2.01
10.22
3-Year Average Share Buyback Ratio 4.30
QCOM's 3-Year Average Share Buyback Ratio is ranked higher than
98% of the 586 Companies
in the Global Semiconductors industry.

( Industry Median: -2.20 vs. QCOM: 4.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
QCOM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -11.1  Med: -0.7 Max: 4.3
Current: 4.3
-11.1
4.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 3.81
QCOM's Price-to-Tangible-Book is ranked lower than
74% of the 837 Companies
in the Global Semiconductors industry.

( Industry Median: 1.97 vs. QCOM: 3.81 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
QCOM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.18  Med: 4.6 Max: 33.82
Current: 3.81
3.18
33.82
Price-to-Intrinsic-Value-Projected-FCF 0.84
QCOM's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
81% of the 523 Companies
in the Global Semiconductors industry.

( Industry Median: 1.58 vs. QCOM: 0.84 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
QCOM' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.7  Med: 1.49 Max: 337.86
Current: 0.84
0.7
337.86
Price-to-Intrinsic-Value-DCF (Earnings Based) 1.03
QCOM's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked higher than
88% of the 34 Companies
in the Global Semiconductors industry.

( Industry Median: 2.30 vs. QCOM: 1.03 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 0.63
QCOM's Price-to-Median-PS-Value is ranked higher than
88% of the 802 Companies
in the Global Semiconductors industry.

( Industry Median: 1.20 vs. QCOM: 0.63 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
QCOM' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.03  Med: 1.23 Max: 5.05
Current: 0.63
0.03
5.05
Price-to-Peter-Lynch-Fair-Value 3.07
QCOM's Price-to-Peter-Lynch-Fair-Value is ranked lower than
77% of the 142 Companies
in the Global Semiconductors industry.

( Industry Median: 1.45 vs. QCOM: 3.07 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
QCOM' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.77  Med: 1.5 Max: 32.87
Current: 3.07
0.77
32.87
Price-to-Graham-Number 1.72
QCOM's Price-to-Graham-Number is ranked lower than
56% of the 542 Companies
in the Global Semiconductors industry.

( Industry Median: 1.53 vs. QCOM: 1.72 )
Ranked among companies with meaningful Price-to-Graham-Number only.
QCOM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.57  Med: 2.32 Max: 23.99
Current: 1.72
1.57
23.99
Earnings Yield (Greenblatt) % 7.38
QCOM's Earnings Yield (Greenblatt) % is ranked higher than
75% of the 991 Companies
in the Global Semiconductors industry.

( Industry Median: 3.01 vs. QCOM: 7.38 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
QCOM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 3.1  Med: 6.65 Max: 10.7
Current: 7.38
3.1
10.7
Forward Rate of Return (Yacktman) % 12.23
QCOM's Forward Rate of Return (Yacktman) % is ranked higher than
63% of the 362 Companies
in the Global Semiconductors industry.

( Industry Median: 6.69 vs. QCOM: 12.23 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
QCOM' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 2.2  Med: 19.55 Max: 44.2
Current: 12.23
2.2
44.2

More Statistics

Revenue (TTM) (Mil) $23,778
EPS (TTM) $ 3.28
Beta1.45
Short Percentage of Float1.05%
52-Week Range $49.67 - 71.62
Shares Outstanding (Mil)1,477.04

Analyst Estimate

Sep17 Sep18 Sep19
Revenue (Mil $) 23,853 24,610 25,253
EPS ($) 4.65 4.92 5.00
EPS without NRI ($) 4.65 4.92 5.00
EPS Growth Rate
(Future 3Y To 5Y Estimate)
9.76%
Dividends per Share ($) 2.19 2.31 2.42
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