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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 1.59
NAS:QCOM's Cash to Debt is ranked higher than
50% of the 862 Companies
in the Global Semiconductors industry.

( Industry Median: 1.57 vs. NAS:QCOM: 1.59 )
Ranked among companies with meaningful Cash to Debt only.
NAS:QCOM' s Cash to Debt Range Over the Past 10 Years
Min: 1.11  Med: 5018.53 Max: No Debt
Current: 1.59
Equity to Asset 0.61
NAS:QCOM's Equity to Asset is ranked lower than
51% of the 858 Companies
in the Global Semiconductors industry.

( Industry Median: 0.62 vs. NAS:QCOM: 0.61 )
Ranked among companies with meaningful Equity to Asset only.
NAS:QCOM' s Equity to Asset Range Over the Past 10 Years
Min: 0.37  Med: 0.79 Max: 0.91
Current: 0.61
0.37
0.91
Interest Coverage 21.87
NAS:QCOM's Interest Coverage is ranked lower than
60% of the 656 Companies
in the Global Semiconductors industry.

( Industry Median: 55.25 vs. NAS:QCOM: 21.87 )
Ranked among companies with meaningful Interest Coverage only.
NAS:QCOM' s Interest Coverage Range Over the Past 10 Years
Min: 21.87  Med: 77.94 Max: 1510
Current: 21.87
21.87
1510
F-Score: 6
Z-Score: 4.92
M-Score: -2.54
WACC vs ROIC
12.49%
21.68%
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 : 8/10

vs
industry
vs
history
Operating margin (%) 27.58
NAS:QCOM's Operating margin (%) is ranked higher than
95% of the 859 Companies
in the Global Semiconductors industry.

( Industry Median: 4.15 vs. NAS:QCOM: 27.58 )
Ranked among companies with meaningful Operating margin (%) only.
NAS:QCOM' s Operating margin (%) Range Over the Past 10 Years
Min: 21.37  Med: 29.4 Max: 33.6
Current: 27.58
21.37
33.6
Net-margin (%) 24.22
NAS:QCOM's Net-margin (%) is ranked higher than
95% of the 858 Companies
in the Global Semiconductors industry.

( Industry Median: 2.69 vs. NAS:QCOM: 24.22 )
Ranked among companies with meaningful Net-margin (%) only.
NAS:QCOM' s Net-margin (%) Range Over the Past 10 Years
Min: 15.28  Med: 28.42 Max: 37.23
Current: 24.22
15.28
37.23
ROE (%) 18.56
NAS:QCOM's ROE (%) is ranked higher than
89% of the 843 Companies
in the Global Semiconductors industry.

( Industry Median: 3.90 vs. NAS:QCOM: 18.56 )
Ranked among companies with meaningful ROE (%) only.
NAS:QCOM' s ROE (%) Range Over the Past 10 Years
Min: 8.32  Med: 18.38 Max: 22.59
Current: 18.56
8.32
22.59
ROA (%) 11.22
NAS:QCOM's ROA (%) is ranked higher than
87% of the 866 Companies
in the Global Semiconductors industry.

( Industry Median: 2.00 vs. NAS:QCOM: 11.22 )
Ranked among companies with meaningful ROA (%) only.
NAS:QCOM' s ROA (%) Range Over the Past 10 Years
Min: 6.12  Med: 13.7 Max: 19.6
Current: 11.22
6.12
19.6
ROC (Joel Greenblatt) (%) 295.70
NAS:QCOM's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 865 Companies
in the Global Semiconductors industry.

( Industry Median: 7.28 vs. NAS:QCOM: 295.70 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NAS:QCOM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 54.24  Med: 247.53 Max: 295.7
Current: 295.7
54.24
295.7
Revenue Growth (3Y)(%) 3.50
NAS:QCOM's Revenue Growth (3Y)(%) is ranked higher than
55% of the 737 Companies
in the Global Semiconductors industry.

( Industry Median: 1.90 vs. NAS:QCOM: 3.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NAS:QCOM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -15.9  Med: 12.3 Max: 28.8
Current: 3.5
-15.9
28.8
EBITDA Growth (3Y)(%) 2.80
NAS:QCOM's EBITDA Growth (3Y)(%) is ranked lower than
51% of the 542 Companies
in the Global Semiconductors industry.

( Industry Median: 3.50 vs. NAS:QCOM: 2.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NAS:QCOM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -6.6  Med: 14.6 Max: 70.2
Current: 2.8
-6.6
70.2
EPS Growth (3Y)(%) -0.90
NAS:QCOM's EPS Growth (3Y)(%) is ranked lower than
54% of the 476 Companies
in the Global Semiconductors industry.

( Industry Median: 1.90 vs. NAS:QCOM: -0.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NAS:QCOM' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -12.9  Med: 14.7 Max: 78.9
Current: -0.9
-12.9
78.9
» NAS:QCOM's 10-Y Financials

Financials (Next Earnings Date: 2017-01-25)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

QCOM Guru Trades in Q4 2015

First Eagle Investment 1,023,522 sh (New)
Caxton Associates 360,000 sh (New)
Louis Moore Bacon 120,000 sh (New)
Jerome Dodson 325,000 sh (New)
Paul Tudor Jones 51,472 sh (+68.83%)
Manning & Napier Advisors, Inc 6,681,697 sh (+35.32%)
T Rowe Price Equity Income Fund 5,232,700 sh (+15.51%)
First Pacific Advisors 3,051,250 sh (+2.11%)
Richard Pzena 881,855 sh (+0.30%)
Sarah Ketterer 2,697,714 sh (+0.29%)
Steven Romick 2,726,990 sh (unchged)
Dodge & Cox 8,000 sh (unchged)
Louis Moore Bacon 186,000 sh (unchged)
Paul Tudor Jones 32,400 sh (unchged)
Paul Tudor Jones 22,400 sh (unchged)
Bill Nygren 4,845,000 sh (unchged)
John Hussman Sold Out
David Dreman Sold Out
John Burbank Sold Out
Zeke Ashton Sold Out
Ken Fisher 9,372,982 sh (-0.15%)
PRIMECAP Management 16,154,845 sh (-0.81%)
Barrow, Hanley, Mewhinney & Strauss 18,242,650 sh (-1.07%)
Mairs and Power 1,327,509 sh (-1.65%)
David Carlson 1,200,000 sh (-4.00%)
Jeremy Grantham 9,027,511 sh (-8.22%)
David Rolfe 8,444,517 sh (-11.55%)
Richard Snow 963,983 sh (-15.23%)
Ray Dalio 218,122 sh (-27.69%)
John Buckingham 19,641 sh (-42.79%)
Joel Greenblatt 528,967 sh (-47.23%)
Jana Partners 9,212,133 sh (-67.73%)
Pioneer Investments 261,984 sh (-83.06%)
» More
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
» Details

Insider Trades

Latest Guru Trades with QCOM

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Business Description

Industry: Semiconductors » Semiconductors
Compare:NAS:TXN, NAS:AVGO, NYSE:TSM, NAS:NVDA, NAS:INTC, NAS:NXPI, NAS:ADI, OTCPK:IFNNY, NAS:LLTC, NAS:SWKS, NAS:MCHP, NAS:XLNX, OTCPK:RNECF, NAS:MXIM, NYSE:ASX, NYSE:STM, NAS:AMD, NAS:MRVL, NAS:QRVO, NAS:MSCC » 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 Inc was incorporated in July, 1985 in California. The Company develops & commercializes 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. It is also engaged in the development and commercialization of OFDMA (Orthogonal Frequency Division Multiple Access) -based technologies for which it owns substantial intellectual property. Its products principally consist of integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. The Company also sells other products and services, which include: integrated circuits for use in wired devices, particularly broadband gateway equipment, desktop computers, televisions, set-top boxes and Blu-ray players; content enablement services to wireless operators; development, other services and related wireless communications products used by the United States government; location awareness and commerce services; and software and hardware development services. The Company conducts business through four reportable segments: QCT, QTL, QWI and QSI. QCT (Qualcomm CDMA Technologies), QIS (Qualcomm Internet Services) Division that provides software products and content enablement services to wireless operators to support and accelerate the growth and advancement of wireless data products and services, QGOV (Qualcomm Government Technologies) Division that provides development and other services and related products involving wireless communications technologies to U.S. government agencies and their contractors. QRS (Qualcomm Retail Solutions) Division includes its retail services business, builds and manages software applications that enable certain mobile location-awareness and commerce services. QSI (Qualcomm Strategic Initiatives) Segment makes strategic investments that may open new or expand opportunities for its technologies, support the design and introduction of new products and services for voice and data communications capabilities or technology. Non-reportable segments are comprised of its QMT (Qualcomm MEMS Technologies) division and other display, wireless technology and services initiatives that include, but are not limited to: low power consumption, high optical performance flat display modules; medical device connectivity and related data management; augmented reality; and device-to-device communications and supplier of integrated circuits and system software based on CDMA, OFDMA and other technologies for use in voice and data communications, networking, application processing, and multimedia QCTs integrated circuit products and system software are sold to and/or licensed to manufacturers that use its products in wireless devices, particularly mobile phones, tablets, laptops, data modules, handheld wireless computers and gaming devices, access points and ro

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

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...
A Missed Opportunity in Qualcomm Renewed market appreciation in the semiconductor giant observed
First Pacific Adivsors Add to Qualcomm, Bank of America Top trades of the past 2 quarters
Robert L. Rodriguez is the CEO of First Pacific Advisors (Trades, Portfolio). He bought shares in the following stocks in the first and second quarter of 2016: Read more...
Why Qualcomm’s Slump will not Last The smartphone industry is going through a spasm, but Qualcomm has a shot at outlasting it
Qualcomm (NASDAQ:QCOM) is the world’s leading smartphone chipmaker. According to ABI research, Qualcomm was the undisputed leader in LTE baseband chipsets, with a 65% market share in 2015. Long-Term Evolution, or LTE, is a 4G wireless broadband technology that has been growing steadily over the years. Read more...
Qualcomm’s Rally Still has Legs Improving smartphone segment, drone market can help sustain its rally
Qualcomm (NASDAQ:QCOM) has been a great performer for investors who have been able to correctly time the stock’s bottom. Qualcomm has appreciated almost 50% since hitting the 52-week low levels earlier in February. Despite the massive gains, I expect Qualcomm to continue moving higher on the back of several tailwinds mentioned below. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 18.37
QCOM's P/E(ttm) is ranked higher than
61% of the 560 Companies
in the Global Semiconductors industry.

( Industry Median: 21.22 vs. QCOM: 18.37 )
Ranked among companies with meaningful P/E(ttm) only.
QCOM' s P/E(ttm) Range Over the Past 10 Years
Min: 13.18  Med: 20.1 Max: 49.59
Current: 18.37
13.18
49.59
Forward P/E 14.20
QCOM's Forward P/E is ranked higher than
77% of the 97 Companies
in the Global Semiconductors industry.

( Industry Median: 17.86 vs. QCOM: 14.20 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 18.37
QCOM's PE(NRI) is ranked higher than
61% of the 560 Companies
in the Global Semiconductors industry.

( Industry Median: 21.31 vs. QCOM: 18.37 )
Ranked among companies with meaningful PE(NRI) only.
QCOM' s PE(NRI) Range Over the Past 10 Years
Min: 13.18  Med: 20.53 Max: 49.59
Current: 18.37
13.18
49.59
Price/Owner Earnings (ttm) 17.23
QCOM's Price/Owner Earnings (ttm) is ranked higher than
55% of the 379 Companies
in the Global Semiconductors industry.

( Industry Median: 18.13 vs. QCOM: 17.23 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
QCOM' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 12.11  Med: 19.5 Max: 38.76
Current: 17.23
12.11
38.76
P/B 3.27
QCOM's P/B is ranked lower than
76% of the 838 Companies
in the Global Semiconductors industry.

( Industry Median: 1.60 vs. QCOM: 3.27 )
Ranked among companies with meaningful P/B only.
QCOM' s P/B Range Over the Past 10 Years
Min: 2.18  Med: 3.39 Max: 6.7
Current: 3.27
2.18
6.7
P/S 4.44
QCOM's P/S is ranked lower than
82% of the 846 Companies
in the Global Semiconductors industry.

( Industry Median: 1.42 vs. QCOM: 4.44 )
Ranked among companies with meaningful P/S only.
QCOM' s P/S Range Over the Past 10 Years
Min: 2.96  Med: 5.9 Max: 13.77
Current: 4.44
2.96
13.77
PFCF 15.28
QCOM's PFCF is ranked higher than
58% of the 410 Companies
in the Global Semiconductors industry.

( Industry Median: 17.38 vs. QCOM: 15.28 )
Ranked among companies with meaningful PFCF only.
QCOM' s PFCF Range Over the Past 10 Years
Min: 10.58  Med: 20.06 Max: 40.16
Current: 15.28
10.58
40.16
POCF 14.16
QCOM's POCF is ranked lower than
59% of the 502 Companies
in the Global Semiconductors industry.

( Industry Median: 10.88 vs. QCOM: 14.16 )
Ranked among companies with meaningful POCF only.
QCOM' s POCF Range Over the Past 10 Years
Min: 8.55  Med: 16.65 Max: 34.02
Current: 14.16
8.55
34.02
EV-to-EBIT 13.49
QCOM's EV-to-EBIT is ranked higher than
62% of the 568 Companies
in the Global Semiconductors industry.

( Industry Median: 16.57 vs. QCOM: 13.49 )
Ranked among companies with meaningful EV-to-EBIT only.
QCOM' s EV-to-EBIT Range Over the Past 10 Years
Min: 10.1  Med: 15.2 Max: 31.9
Current: 13.49
10.1
31.9
EV-to-EBITDA 11.24
QCOM's EV-to-EBITDA is ranked higher than
55% of the 629 Companies
in the Global Semiconductors industry.

( Industry Median: 11.57 vs. QCOM: 11.24 )
Ranked among companies with meaningful EV-to-EBITDA only.
QCOM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.3  Med: 13.2 Max: 25.7
Current: 11.24
8.3
25.7
PEG 3.04
QCOM's PEG is ranked lower than
64% of the 183 Companies
in the Global Semiconductors industry.

( Industry Median: 1.96 vs. QCOM: 3.04 )
Ranked among companies with meaningful PEG only.
QCOM' s PEG Range Over the Past 10 Years
Min: 0.6  Med: 1.29 Max: 6.3
Current: 3.04
0.6
6.3
Shiller P/E 23.26
QCOM's Shiller P/E is ranked higher than
82% of the 100 Companies
in the Global Semiconductors industry.

( Industry Median: 40.58 vs. QCOM: 23.26 )
Ranked among companies with meaningful Shiller P/E only.
QCOM' s Shiller P/E Range Over the Past 10 Years
Min: 15.72  Med: 35.26 Max: 81.81
Current: 23.26
15.72
81.81
Current Ratio 3.14
QCOM's Current Ratio is ranked higher than
65% of the 863 Companies
in the Global Semiconductors industry.

( Industry Median: 2.34 vs. QCOM: 3.14 )
Ranked among companies with meaningful Current Ratio only.
QCOM' s Current Ratio Range Over the Past 10 Years
Min: 1.74  Med: 3.83 Max: 8.08
Current: 3.14
1.74
8.08
Quick Ratio 2.93
QCOM's Quick Ratio is ranked higher than
71% of the 862 Companies
in the Global Semiconductors industry.

( Industry Median: 1.79 vs. QCOM: 2.93 )
Ranked among companies with meaningful Quick Ratio only.
QCOM' s Quick Ratio Range Over the Past 10 Years
Min: 1.31  Med: 3.6 Max: 7.91
Current: 2.93
1.31
7.91
Days Inventory 52.64
QCOM's Days Inventory is ranked higher than
71% of the 826 Companies
in the Global Semiconductors industry.

( Industry Median: 78.21 vs. QCOM: 52.64 )
Ranked among companies with meaningful Days Inventory only.
QCOM' s Days Inventory Range Over the Past 10 Years
Min: 43.34  Med: 49.92 Max: 57.06
Current: 52.64
43.34
57.06
Days Sales Outstanding 34.39
QCOM's Days Sales Outstanding is ranked higher than
82% of the 782 Companies
in the Global Semiconductors industry.

( Industry Median: 63.29 vs. QCOM: 34.39 )
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: 34.39
24.23
132.28
Days Payable 69.57
QCOM's Days Payable is ranked higher than
69% of the 756 Companies
in the Global Semiconductors industry.

( Industry Median: 50.75 vs. QCOM: 69.57 )
Ranked among companies with meaningful Days Payable only.
QCOM' s Days Payable Range Over the Past 10 Years
Min: 45.72  Med: 71.27 Max: 107.55
Current: 69.57
45.72
107.55

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.03
QCOM's Dividend Yield is ranked higher than
70% of the 591 Companies
in the Global Semiconductors industry.

( Industry Median: 1.88 vs. QCOM: 3.03 )
Ranked among companies with meaningful Dividend Yield only.
QCOM' s Dividend Yield Range Over the Past 10 Years
Min: 0.68  Med: 1.63 Max: 4.23
Current: 3.03
0.68
4.23
Dividend Payout 0.53
QCOM's Dividend Payout is ranked higher than
91% of the 399 Companies
in the Global Semiconductors industry.

( Industry Median: 0.48 vs. QCOM: 0.53 )
Ranked among companies with meaningful Dividend Payout only.
QCOM' s Dividend Payout Range Over the Past 10 Years
Min: 0.14  Med: 0.31 Max: 0.7
Current: 0.53
0.14
0.7
Dividend Growth (3y) 19.00
QCOM's Dividend Growth (3y) is ranked higher than
70% of the 293 Companies
in the Global Semiconductors industry.

( Industry Median: 6.40 vs. QCOM: 19.00 )
Ranked among companies with meaningful Dividend Growth (3y) only.
QCOM' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 16.3 Max: 70.3
Current: 19
0
70.3
Forward Dividend Yield 3.14
QCOM's Forward Dividend Yield is ranked higher than
71% of the 570 Companies
in the Global Semiconductors industry.

( Industry Median: 2.05 vs. QCOM: 3.14 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 7.44
QCOM's Yield on cost (5-Year) is ranked higher than
90% of the 734 Companies
in the Global Semiconductors industry.

( Industry Median: 2.29 vs. QCOM: 7.44 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
QCOM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 1.64  Med: 3.94 Max: 10.22
Current: 7.44
1.64
10.22
3-Year Average Share Buyback Ratio 4.30
QCOM's 3-Year Average Share Buyback Ratio is ranked higher than
96% of the 600 Companies
in the Global Semiconductors industry.

( Industry Median: -2.70 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/Net Current Asset Value 41.82
QCOM's Price/Net Current Asset Value is ranked lower than
97% of the 571 Companies
in the Global Semiconductors industry.

( Industry Median: 4.01 vs. QCOM: 41.82 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
QCOM' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 7.04  Med: 13.95 Max: 42.02
Current: 41.82
7.04
42.02
Price/Tangible Book 4.45
QCOM's Price/Tangible Book is ranked lower than
82% of the 808 Companies
in the Global Semiconductors industry.

( Industry Median: 1.73 vs. QCOM: 4.45 )
Ranked among companies with meaningful Price/Tangible Book only.
QCOM' s Price/Tangible Book Range Over the Past 10 Years
Min: 3.62  Med: 4.53 Max: 11.35
Current: 4.45
3.62
11.35
Price/Projected FCF 0.98
QCOM's Price/Projected FCF is ranked higher than
65% of the 479 Companies
in the Global Semiconductors industry.

( Industry Median: 1.31 vs. QCOM: 0.98 )
Ranked among companies with meaningful Price/Projected FCF only.
QCOM' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.83  Med: 1.58 Max: 337.86
Current: 0.98
0.83
337.86
Price/DCF (Earnings Based) 1.06
QCOM's Price/DCF (Earnings Based) is ranked higher than
76% of the 17 Companies
in the Global Semiconductors industry.

( Industry Median: 1.47 vs. QCOM: 1.06 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 0.74
QCOM's Price/Median PS Value is ranked higher than
81% of the 746 Companies
in the Global Semiconductors industry.

( Industry Median: 1.05 vs. QCOM: 0.74 )
Ranked among companies with meaningful Price/Median PS Value only.
QCOM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.03  Med: 1.19 Max: 3.02
Current: 0.74
0.03
3.02
Price/Graham Number 1.88
QCOM's Price/Graham Number is ranked lower than
65% of the 520 Companies
in the Global Semiconductors industry.

( Industry Median: 1.33 vs. QCOM: 1.88 )
Ranked among companies with meaningful Price/Graham Number only.
QCOM' s Price/Graham Number Range Over the Past 10 Years
Min: 1.65  Med: 2.32 Max: 8.51
Current: 1.88
1.65
8.51
Earnings Yield (Greenblatt) (%) 7.38
QCOM's Earnings Yield (Greenblatt) (%) is ranked higher than
75% of the 853 Companies
in the Global Semiconductors industry.

( Industry Median: 2.70 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: 6.6 Max: 9.9
Current: 7.38
3.1
9.9
Forward Rate of Return (Yacktman) (%) 10.40
QCOM's Forward Rate of Return (Yacktman) (%) is ranked higher than
58% of the 361 Companies
in the Global Semiconductors industry.

( Industry Median: 6.37 vs. QCOM: 10.40 )
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: 1.8  Med: 18.3 Max: 44.2
Current: 10.4
1.8
44.2

More Statistics

Revenue (TTM) (Mil) $23,554
EPS (TTM) $ 3.81
Beta1.51
Short Percentage of Float1.46%
52-Week Range $42.24 - 71.62
Shares Outstanding (Mil)1,476.89

Analyst Estimate

Sep17 Sep18 Sep19
Revenue (Mil $) 24,050 24,627 25,075
EPS ($) 4.72 5.05 5.00
EPS w/o NRI ($) 4.72 5.05 5.00
EPS Growth Rate
(3Y to 5Y Estimate)
10.62%
Dividends Per Share ($) 1.99 1.97 2.42
» More Articles for QCOM

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