|Bid||264.11 x 100|
|Ask||264.26 x 100|
|Day's range||263.20 - 267.00|
|52-week range||177.56 - 285.68|
|PE ratio (TTM)||65.73|
|Earnings date||27 Feb 2018 - 5 Mar 2018|
|Forward dividend & yield||7.00 (2.65%)|
|1y target est||315.69|
Shares of Qualcomm (QCOM) are up $1.59, or 2.4%, at $66.97, after the company this morning made a series of announcements to beat back Broadcom's (AVGO) hostile bid. The company has posted a video from CEO Steve Mollenkopf and his executives on its Web site, urging them to reject a slate of directors Broadcom has proposed to replace Qualcomm’s board. Interestingly, this morning, just before the announcement was made, Instinet's Romit Shah raised his rating on the shares this morning to Buy from Neutral, and raises his price target to $75 from $58, after concluding that the company’s hostile takeover bid from Broadcom is a “gun to the head” for management that is making Qualcomm mangenement be “more aggressively focused” on shareholder value.
Shares of Qualcomm Inc. rose 2.9% in Tuesday morning trading after analysts at Instinet upgraded the stock to buy from neutral. The analysts, led by Romit Shah, believe that Broadcom Ltd.'s attempt at ...
Apple's return to a buy zone Friday had key shortcomings. Meanwhile, iPhone chip suppliers such as Broadcom, Qualcomm and Skyworks have been bigger laggards.
Qualcomm Inc. has begun its public defense against the $105 billion hostile takeover attempt by Broadcom Ltd, asking shareholders to have confidence in management’s strategy and push aside the suitor.
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The members of Barron’s 2018 Roundtable arrived at our annual gathering in a jolly mood. And why not? U.S. stocks returned an impressive 20% last year, and are off to the races again this year, propelled ...
Case in point: wireless-chip giant Qualcomm (QCOM), which is under a hostile takeover attack by even-more-gigantic rival, Broadcom (AVGO). Last week at the Consumer Electronics Show in Las Vegas, Qualcomm announced some new business it won in the radio frequency, or RF chip, business. Broadcom in early November made an unsolicited $130 billion bid for Qualcomm.
Qualcomm Inc., as it fights what would be the largest technology takeover, is guaranteeing that any acquirer would have to pay up if existing employees are fired after a corporate change of control.
SAN JOSE, Calif. and SINGAPORE, Jan. 09, 2018-- Broadcom Limited announced today that two of its subsidiaries, Broadcom Corporation and Broadcom Cayman Finance Limited, have commenced an exchange offer ...
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Qualcomm (QCOM) held a press conference Monday afternoon at the Consumer Electronics Show in Las Vegas, where Qualcomm’s president, Cristiano Amon, used the talk to focus attention on how the company is expanding beyond its traditional business in mobile modems and processors. It was also a bit of a shot over the bow to Broadcom (AVGO), which has been lobbying Qualcomm shareholders for its hostile bid for Qualcomm. Amon said Qualcomm is making progress in its quest to invade the market for chips for the so-called front end radio systems of wireless devices, essentially the power amplifier and attendant filtering, where it is a relative newcomer and where Broadcom has an existing business, along with Skyworks Solutions (SWKS) and Qorvo (QRVO).
Qualcomm Inc., the biggest maker of chips that run smartphones, unveiled a raft of products and customer wins beyond its mobile stronghold, trying to show it can continue as an independent company.
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Chip giant Broadcom (AVGO) this afternoon said it has mailed out proxy materials to shareholders of Qualcomm (QCOM), urging them to vote for its 11 nominees to Qualcomm’s board during Qualcomm’s meeting of shareholders, as part of Broadcom’s bid to take over Qualcomm. Broadcom offered $70 per share in cash and stock for Qualcomm in early November, but Qualcomm rejected the offer.
Nvidia’s GPUs are preferred by many data center and cloud companies for their AI tasks. That saw its data revenue grow in the triple digits in 2017.