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QUALCOMM INC

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QCOM trade ideas

Qualcomm Surpasses Consensus Estimate; Posts 8% YoY EPS Growth IQualcomm Surpasses Consensus Estimate; Posts 8% YoY EPS Growth In Q3 themarketsignal.com The parabolic SAR of Qualcomm, Inc. (NASDAQ:QCOM) is $91.46 and QCOM is trading above this point. The stock appears bullish. Qualcomm has seen an upward trend throughout the week. This can be attributed to its Q3-2020 earnings, which surpassed expectations. Another key factor is its long-term agreement regarding a patent with Huawei. Qualcomm’s Q3-2020 non-GAAP earnings per share came in at $0.86, beating consensus estimate of $0.71. The EPS went up 8% on YoY basis. In the third quarter, the company generated $4.89 billion revenue versus $4.8 billion estimated. Revenues remained flat when compared with previous year. Qualcomm is eyeing benefits from 5G network in the months to come. It has also additionally issued stronger forecast for its next quarter.
NASDAQ:QCOM
by Sector_Reports
QCOM time to fly higher?Qualcomm expects to generate an estimated $1.8 billion in revenues. The company is poised to record royalty revenue from Huawei starting in its fourth fiscal quarter. Looking ahead, Qualcomm provided guidance for fourth-quarter adjusted revenue to be in a range of $5.5 billion and $6.3 billion, versus analysts’ estimates of $5.78 billion. EPS in the current quarter is forecast to be in a range of $1.05 to $1.25. The guidance includes an impact of greater than $0.25 reflecting the reduction in handset shipments as a result of COVID-19, including a partial impact from the delay of a 5G flagship phone launch, the company added. “As 5G continues to roll out, we are realizing the benefits of the investments we have made in building the most extensive licensing program in mobile and are turning the technical challenges of 5G into leadership opportunities and commercial wins,” said Qualcomm CEO Steve Mollenkopf. “We delivered earnings above the high end of our range, continued to execute in our product and licensing businesses and entered into a new long-term patent license agreement with Huawei, all of which position us well for the balance of 2020 and beyond.” Qualcomm said that during the third quarter of fiscal 2020, it returned $843 million to stockholders, including $733 million, or $0.65 per share, of cash dividends paid and $110 million through repurchases of 1.6 million shares of common stock. Shares in Qualcomm have recouped all of this year’s earlier losses and are now up almost 6% year-to-date.
NASDAQ:QCOMLong
by ShukriMahadi
2
V BottomQCOM is one I have owned since the bottom. Gr8 dividend payer and for me it is a keeper. V bottom and possibly formed a handle there, so may say it is a cup and handle. Either way break out is the same Earnings 7-29 AMC Possible pull back to 87ish or 88ish so I plan to buy more if this happens. The stock is in a small rising wedge which it may or may not fall out of. (Rising wedges happen often in bear markets) I do not feel we are in a bear market but it is true we went down awfully quick and many stocks went back up like a lightning bolt! Rising wedges can form when folks get a little too excited (o: I do not have a stop and I know that is a NO NO..lol but if I did it would be very loose at 74ish as I plan on keeping this one. If I was buying this short term, I would place my stop at gap down from before Corona Balona. Good luck. I do own this stock but do not mean to recommend it to you. Be safe
NASDAQ:QCOMLong
by lauralea
QCOM: Expect the bulls to win the $92.0the bulls have been very persistent with QCOM. it took more than 4 attempts to break the $81 and the $89. next we should expect to breach the $92, maybe today by market close (that would be great), maybe Monday? we have good tail wind and positive/green sentiment - but the current short term move is not yet a fully formed uptrend (on the 1hr and Renko views) let's keep watching. Projected target of $98 by Wk4 July still holds so far. thoughts?
NASDAQ:QCOMLong
by RedKTrader
1
V BottomQCOM seems to be pulling back it would appear and solid support looks to be at 78 and 80 (ish) QCOM looks to be in a rising wedge right now and could fall out. Breakout from a V bottom would be over the prior high so possibly at 97.2. Due to stocks often pulling back when they reach a high as of late, unless the stock is SQ or PYPL, ETSY etc.. LOL..definitely do research and adjust accordingly. Targets would be 120 to 126, then second targets would possibly be 143 to 155 I like this stock and feel it is a keeper. I have owned it since close to the bottom and plan to buy more when the time is right
NASDAQ:QCOMLong
by lauralea
Trading at Pre-Covid Levels w/ Volume profile support +2.9% DiviEV/Sales Consensus.. sitting at 5.1x WHY QCOM?? Qualcomm pushes 5G tech into chips for cheaper phones June 16 (Reuters) - Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as $300 and that will come to market in the second half of this year. San Diego-based Qualcomm is the biggest supplier of processors for smartphones and the modem chips that connect the phones to wireless data networks. The company's chips featuring fifth-generation (5G) cellular telecommunications technology are currently in many premium-priced smartphones such as Samsung Electronics Co Ltd's Galaxy devices. But Qualcomm has also been working to get the technology into cheaper devices. The new chip, called the Snapdragon 690, will go into devices that it expects to retail at $300 to $500, Qualcomm said. Phone makers such as HMD Global, the owner of the Nokia phone brand, LG Electronics Inc and Lenovo Group Ltd's Motorola plan to use the chips, Qualcomm said. The push into lower price points means higher volumes for Qualcomm. According to data from Counterpoint Research, smartphones with wholesales prices of $100 to $400, which are somewhat lower than the prices consumers pay, made up about 50% of the overall smartphone market in the first quarter of 2020.
NASDAQ:QCOMLong
by SwingingForward