|Bid||66.58 x 3200|
|Ask||66.75 x 800|
|Day's range||65.97 - 69.15|
|52-week range||49.10 - 90.34|
|Beta (3Y monthly)||1.32|
|PE ratio (TTM)||34.96|
|Forward dividend & yield||2.48 (2.88%)|
|1y target est||N/A|
Following the U.S. Commerce Department’s addition of Huawei and its affiliates to its Entity List—which prohibits the sale of certain U.S.-origin technologies to Huawei without a license—Qualcomm’s shares have sold off. While the Huawei uncertainty could impact the timing of QTL [Qualcomm Technology Licensing] negotiations, we believe there is minimal impact to QCT [actual chipsets, used in phones, for example]. In fact, we believe that Huawei is a minor customer for QCT, and we believe that Huawei’s losing share in the handset market is a net positive for Qualcomm, as that share loss is likely to be borne by handset original equipment manufacturers, or OEMs, that are paying full royalties to Qualcomm.
Qualcomm investors thought some of its biggest legal issues were abating after the company’s recent agreement with Apple. But a federal court ruling has tossed the chip maker right back into a sea of uncertainty.
With President Donald Trump’s latest move to put Huawei on an export blacklist, U.S. companies that supply components, services, or technical support to the Chinese telecom giant will all take a hit.
The Qualcomm antitrust case illustrates unusual friction between the Federal Trade Commission and the Justice Department—with 5G in the background.
Qualcomm stock’s big plunge this week is a buying opportunity, according to Bank of America Merrill Lynch.
Tech stocks fell further than most other sectors -- they sank in response to an apparent escalation of the trade war between the U.S. and China. West Texas crude oil prices dropped even more than that. The chip maker’s stock started tumbling after a U.S. court ruled against it in an antitrust case late on Tuesday.
Dhiraj Bajaj, whose Lombard Odier Asia Value Bond Fund outperformed 98% of peers this year, sold the fund’s Huawei 2026 dollar notes after the Trump administration placed the company on a blacklist that curtails access to U.S. suppliers. The world’s largest provider of networking gear has become a key focus for global investors as they assess the fallout from rising tensions between China and the U.S. over everything from trade to espionage and technological dominance. While some analysts have argued that Huawei’s default risk is minimal given its large cash holdings and potential support from China’s government, Bajaj said the U.S. blacklist has raised questions about future cash flows.
Politics hung heavily over the business world this week. Shares fell as the trade dispute between the US and China deepened. Elections for a new European Parliament raised fears of protectionism from the populist right.
Heightened worries that the U.S. and China are headed for a long standoff in their costly trade dispute put investors in a selling mood Thursday
The Latest on Market Volatility, Apple, Chip Stocks, and More(Continued from Prior Part)Qualcomm fell 11% after judge ruled that it violated antitrust lawQualcomm (QCOM) stock fell 10.9% on May 22 and an additional 3.3% in after-hours trading on the
Just about any company that wants its smartphones or other computer devices to connect to the internet needs to pay Qualcomm licensing fees for its patents, even if they don’t buy Qualcomm’s components. The unusual business model made Qualcomm incredibly profitable but also the target of many lawsuits and regulatory challenges. The litigation disclosures in Qualcomm’s annual securities filing run for 10 pages.
Qualcomm (QCOM) is expected to remain unaffected by the Huawei ban, while T-Mobile (TMUS) is leaving no stone unturned to win regulatory clearance for its merger with Sprint (S).
What do you get when you employ some of the world’s top mobile communications engineers alongside leading patent lawyers? A highly durable moneymaking machine called Qualcomm. Leading handset makers, from Nokia to Apple, have balked at the US chip company’s success in extracting royalties for its intellectual property.
Given the widespread uncertainty over the future course of the equity market, investing in stocks unperturbed by market gyrations is the need of the hour.
These Tech Stocks Lost Big on May 22(Continued from Prior Part)Qualcomm stock lost 10.9% overnightQualcomm (QCOM) fell 10.9% yesterday to close trading at $69.31. A US district judge issued a judgment against Qualcomm. In 2017, the FTC (Federal
In January, the chief investment officer at Kerrisdale Capital said that Qualcomm would lose the Federal Trade Commission’s antitrust case, resulting in a halving of the firm’s licensing revenue, earnings and share price, and that he’s short the stock. Adrangi’s bet on Qualcomm losing the legal fight was prescient, though his short call was four months early and, despite the recent collapse, the stock remains up 28% since then. Qualcomm, which brought in more than $5 billion in licensing revenue last year, vowed to appeal the ruling, but the process can take months if not years.
Qualcomm stock was dropping sharply Wednesday after a U.S. district court ruled in favor of the Federal Trade Commission in its antitrust lawsuit against the chipmaker.
The San Diego-based chipmaker is dealing with the fallout from a decision by a California federal judge, who sided with the Federal Trade Commission in a case brought in 2017 accusing the company of anticompetitive practices. Qualcomm is asking that U.S. District Judge Lucy Koh’s decision be put on hold while it pursues a rapid appeal, where it may get support from other branches of the federal government, which in the past have indicated the company’s importance to U.S. technology leadership and security outweigh questions about how it does business. Koh’s judgment this week came about a month after Qualcomm settled a worldwide legal fight with Apple Inc. The relief gained by that settlement and the hope for a future clear of costly legal entanglements, which had sent Qualcomm’s stock rallying this year, is now on hold.
SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes.
NEW YORK (AP) — A federal judge has ruled that Qualcomm unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple in a decision that undercuts a key part of its business.
An official report on the first nine months showed 206,000 cases recorded, which included 95,000 complaints and 65,000 data security breach notifications. National data protection agencies in 11 countries had levied €56m in fines. Companies can be fined up to 4 per cent of global annual turnover under the landmark legislation and Ireland’s data protection commissioner, Helen Dixon, has been particularly active against tech companies.
US District Judge Lucy Koh made a ruling on the FTC's Qualcomm case, saying they did violate US anti-trust laws. The cyclical nature of the semiconductor business makes it very sensitive to economic factors.