QCOM - QUALCOMM Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
76.58
-0.57 (-0.74%)
As of 9:34AM EDT. Market open.
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Previous Close77.15
Open76.12
Bid76.51 x 1000
Ask76.89 x 1000
Day's Range76.08 - 76.65
52 Week Range49.10 - 90.34
Volume338,231
Avg. Volume12,354,667
Market Cap93.093B
Beta (3Y Monthly)1.64
PE Ratio (TTM)28.03
EPS (TTM)2.73
Earnings DateNov 6, 2019
Forward Dividend & Yield2.48 (3.48%)
Ex-Dividend Date2019-09-11
1y Target Est78.99
Trade prices are not sourced from all markets
  • Steve Mollenkopf joins Influencers with Andy Serwer
    Yahoo Finance Video

    Steve Mollenkopf joins Influencers with Andy Serwer

    Yahoo Finance Editor-in-Chief Andy Serwer sits down with Qualcomm CEO, Steve Mollenkopf.

  • Chipmakers and Apple Turn Lower After China Announces Tariffs
    Bloomberg

    Chipmakers and Apple Turn Lower After China Announces Tariffs

    (Bloomberg) -- Semiconductor companies and Apple Inc. turned lower in pre-market trading on Friday, following the latest escalation of tensions between the U.S. and China on trade.China’s Ministry of Finance said the country plans to levy retaliatory tariffs on another $75 billion of U.S. goods.Apple fell 1.4% before the bell in an abrupt move lower. The iPhone maker is heavily correlated to trade issues because China is both a major part of its supply chain and a notable market for its products. The company derived nearly 20% of its 2018 revenue from China, according to data compiled by Bloomberg.Chipmakers have been similarly volatile because of the trade war. The VanEck Vectors Semiconductor ETF, an exchange-traded fund that tracks the sector, fell 1.3% before the bell on volume of about 4,000 shares. Among specific stocks, Qualcomm Inc. lost 1.4% in pre-market trading while Nvidia Corp. was off 1.6% and Micron Technology shed 1.7%.To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editor responsible for this story: Catherine Larkin at clarkin4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Huawei Puts a Price on Trump’s Aggression
    Bloomberg

    Huawei Puts a Price on Trump’s Aggression

    (Bloomberg) -- Huawei Technologies Co. expects U.S. export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, as the company is banned from buying American components like semiconductors and software.China’s largest technology company is seeking ways to replace key U.S. suppliers such as Cadence Design Systems Inc. and Synopsys Inc., Deputy Chairman Eric Xu said Friday. The overall damage to the company will be a “little less” than billionaire founder Ren Zhengfei’s initial estimate, Xu added.Huawei is seeking to develop alternatives after coming under intense pressure from the Trump Administration, which has argued its technology represents a security threat. On Friday, it introduced its most powerful artificial intelligence chipset, the Ascend 910, which is poised to rival some of the best offerings from Qualcomm Inc. and Nvidia Corp. Earlier this month, it offered the first glimpse of an in-house software -- HarmonyOS -- that may someday replace Google’s Android.The company is also researching ways to replace chip-design software tools offered by Cadence and Synopsys, Xu told a news briefing in Shenzhen without elaborating. “There were no chip design tools 10 years ago, but the industry still developed chips,” said Xu, who argued that Cadence and Synopsys were not must-haves for design. “Intel started to develop chips in the 1970s, when those companies didn’t exist.”Since May, Huawei has occupied the uncomfortable position of being both an established global brand and a member of the U.S. Entity List, which bars it from trading freely with American suppliers. Despite a series of 90-day reprieves, the latest of which came this week, the uncertainty caused by American sanctions has already cost the company a great deal.Even if Huawei is eventually brought in from the cold, the impact of this summer’s upheaval will be widespread and painful. Already, it reported slower sales growth in the second quarter compared to the first as the ban started to bite, especially into a consumer business encompassing smartphones and laptops. That in turn is accelerating Huawei’s effort to become self-reliant.One area in which the Chinese company is rapidly developing in-house expertise is semiconductors, propelling Beijing’s ambitions of weaning itself off foreign chips. HiSilicon -- Huawei’s chip design subsidiary -- has been developing its capabilities for a long time, and it’s recently grown into the second largest customer (after Apple Inc.) for the world’s biggest chip manufacturing contractor Taiwan Semiconductor Manufacturing Co. Huawei has also elevated the presence of home-grown technologies throughout its product line -- from base stations to smartphones and servers -- as a key step to limiting the damage of the U.S. ban.The Ascend 910 processor unveiled Friday is a show of technological prowess. It will be used for AI model training, and Huawei says it outperforms all existing competition. Xu proclaimed that “without a doubt, it has more computing power than any other AI processor in the world.” The company also unveiled MindSpore, an AI computing framework that -- along with the 910 -- is supposedly twice as fast as Google’s TensorFlow.”The May 16 sanctions incident had no impact on the execution of Huawei’s AI strategy nor commercialization of AI products,” said Xu. “Our R&D project related to AI is building up steadily.”(Updates with Ascend’s specs from the third paragraph)To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Telecom Stock Roundup: Verizon-AT&T TV Strategies, Qualcomm's Patent Deal & More
    Zacks

    Telecom Stock Roundup: Verizon-AT&T TV Strategies, Qualcomm's Patent Deal & More

    Verizon (VZ) and AT&T (T) are deploying divergent TV service strategies, while Qualcomm (QCOM) inks a new licensing deal with LG Electronics.

  • Dividend Stocks: What to Buy amid Falling Treasury Yields
    Market Realist

    Dividend Stocks: What to Buy amid Falling Treasury Yields

    Currently, the global market is a mess. Investors want more conservative dividend stocks in defensive sectors like consumer staples and utilities.

  • Qualcomm Seeks Licensing Deals and 5G Market Growth
    Market Realist

    Qualcomm Seeks Licensing Deals and 5G Market Growth

    Qualcomm (QCOM) inked a new, five-year patent licensing deal with South Korea–based LG Electronics yesterday. Let's talk details.

  • Zacks

    Stocks Take a Break After 3 Days of Gains

    Stocks Take a Break After 3 Days of Gains

  • Qualcomm Inks New Global Patent License Agreement With LGE
    Zacks

    Qualcomm Inks New Global Patent License Agreement With LGE

    Qualcomm's (QCOM) new five-year, royalty-bearing agreement with LG Electronics includes 3G, 4G and 5G single and multimode devices.

  • Chip Companies to Gain as Trump Delays Huawei Ban
    Market Realist

    Chip Companies to Gain as Trump Delays Huawei Ban

    US Commerce Secretary Wilbur Ross granted a 90-day reprieve to Huawei on August 19, which came as a relief to chip companies.

  • Can Huawei's Harmony Match Up to Android?
    Zacks

    Can Huawei's Harmony Match Up to Android?

    With the ban on Huawei's trade still in force, the company develops Harmony OS as a counter measure. Will this hurt Google's Android demand?

  • Keysight Gains From High Demand of 5G Design & Test Solutions
    Zacks

    Keysight Gains From High Demand of 5G Design & Test Solutions

    Keysight's (KEYS) 5G testing and design solutions is anticipated to bolster the top line.

  • Stock market news: August 19, 2019
    Yahoo Finance

    Stock market news: August 19, 2019

    U.S. stocks rallied Monday morning in an at least temporary reprieve after a mid-August rout. U.S. government bond yields rose across the curve, led by yields on 30-year bonds and 10-year notes.

  • U.S. to Ease Huawei Sanctions for Another 90 Days, Ross Says
    Bloomberg

    U.S. to Ease Huawei Sanctions for Another 90 Days, Ross Says

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. will extend for another 90 days a limited set of exemptions that had protected rural networks and other U.S. customers from a ban on doing business with China’s Huawei Technologies Co., Commerce Secretary Wilbur Ross said Monday.Some telecom companies in the U.S. are “dependent” on Huawei, and so a 90-day reprieve was deemed appropriate, Ross said in an interview with Fox Business’s Maria Bartiromo. Still, the U.S. also added more than 40 Huawei affiliates to a trade blacklist.“We’re giving them a little more time to wean themselves off,” he added. Ross said the next deadline will be around Nov. 19. He added that Commerce decided to place 46 more Huawei subsidiaries on its entity list.The announcement doesn’t address the wider national-security concerns about Huawei and answer the bigger question of whether U.S. chip companies and other major suppliers will be allowed to sell parts to China.Huawei said in a statement that the temporary relief “does not change the fact that Huawei has been treated unjustly. Today’s decision won’t have a substantial impact on Huawei’s business either way.” The move to add more of Huawei’s affiliates to the so-called Entity List “at this particular time, is politically motivated and has nothing to do with national security,” the company said.QuickTake: How Huawei Became a Target for GovernmentsPresident Donald Trump over the weekend indicated the U.S. was “doing very well with China, and talking” but also suggested he wasn’t ready to sign a trade deal.U.S. stocks rallied Monday after the Trump administration signaled progress on trade negotiations and Ross announced the extension. Huawei, China’s largest technology company by sales, has been at the heart of worsening tensions and been called a bargaining chip in thorny trade negotiations between Washington and Beijing. Trump had said he anticipated talking with Chinese President Xi Jinping “very soon” and the Huawei move may sweeten the tone of those discussions.Huawei, for its part, has been trying to carry on operations in face of U.S. sanctions on the sale of the vital technology. The company this month announced its in-house HarmonyOS, an open-source operating system that could one day serve as a replacement for Google Inc.’s Android if its access to that software is curtailed.Without Android or the numerous American silicon, technology and consultancy suppliers that Huawei does business with, many of its most promising product lines would either cease their rapid growth or be thwarted entirely.Rural AreasThe U.S. Commerce Department previously granted a three-month temporary license to Huawei’s U.S. customers shortly after the Trump administration blacklisted the Chinese company. That allowed telecom carriers in rural areas to continue using Huawei equipment and Google to provide only key Android security updates to Huawei phones.The latest extension came after Trump met in July with the chief executives of key Huawei suppliers from Alphabet Inc.’s Google and Broadcom Inc. to Intel Corp. and Qualcomm Inc. to discuss economic issues including a possible resumption of sales to Huawei. U.S. companies argued that Huawei will turn to non-American suppliers if sanctions persisted, hurting the U.S. in the long run. But trade talks with Beijing ground to a halt and China refused to resume purchases of American agricultural products.National SecurityThe announcement Monday came one day after Trump suggested that Huawei was unlikely to receive another extension, pushing back against news reports about an expected reprieve.“At this moment, it looks much more like we’re not going to do business,” Trump told reporters on Sunday in New Jersey. “I don’t want to do business at all, because it is a national security threat.”The president tied trade negotiations with the ongoing situation in Hong Kong, saying that a deal between the U.S. and China would be harder if there’s a violent conclusion to protests there because of concerns raised by U.S. lawmakers.Earlier this month, the trade war between the two countries intensified as the U.S. announced a next round of 10% tariffs on Chinese imports between Sept. 1 and Dec. 15. China responded with a boycott of American farm products and allowed its currency to weaken, signaling that this can help cushion the tariff blow.(Updates with Huawei reaction in fifth paragraph.)\--With assistance from Gao Yuan and Kasia Klimasinska.To contact the reporters on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.net;Jordan Fabian in New York at jfabian6@bloomberg.net;Shawn Donnan in Washington at sdonnan@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Elizabeth Wasserman, Sarah McGregorFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Investing.com

    StockBeat: Semis Flying High, Led by Micron, as Huawei Ban Gets Pushed Back

    Investing.com - Micron (NASDAQ:MU) led semiconductor stocks higher on Monday, underpinning a broader rally in tech, as Washington decided to extended a reprieve given to Huawei that allowed the Chinese telecom to continue to do business with U.S. companies.

  • What's in the Offing for Keysight (KEYS) in Q3 Earnings?
    Zacks

    What's in the Offing for Keysight (KEYS) in Q3 Earnings?

    Keysight (KEYS) rides on robust adoption driven by high demand for 5G design and test solutions primarily from telecom vendors, and a strong pipeline for new business bookings.

  • Investing.com

    Stocks: Wall Street Surges as U.S. Extends Huawei Leniency

    Investing.com -- U.S. stocks surged at the start of the new week, with the Dow Jones rising nearly 300 points as the federal government signaled more soft-pedaling on the trade war with China for the time being.

  • Trump administration has ‘a lot of interest’ in input from companies affected by trade war
    Yahoo Finance

    Trump administration has ‘a lot of interest’ in input from companies affected by trade war

    Qualcomm CEO Steve Mollenkopf shared how he is educating the White House on how technology is affected by the U.S.-China trade war.

  • Gene Munster: 'We don't expect tariffs on Apple products'
    Yahoo Finance

    Gene Munster: 'We don't expect tariffs on Apple products'

    Loup Ventures Managing Partner Gene Munster says he doesn’t expect tariffs on Apple products despite Wall Street’s widespread speculation that the tech giant will be among the companies hurt by the U.S.-China trade war. “This is a critical misunderstanding. Ultimately, Apple products really don't have much tariff risk,” Munster said in an interview with Yahoo Finance’s The Final Round. “The reason is that Apple is an iconic U.S. brand that the U.S. government doesn't want to jeopardize. We don't expect tariffs on Apple products.”

  • Qualcomm CEO: We're not 'bitter enemies' with Apple despite legal battle
    Yahoo Finance

    Qualcomm CEO: We're not 'bitter enemies' with Apple despite legal battle

    Qualcomm and Apple have turned the page and are partnering on 5G chip service, according to Qualcomm CEO Steve Mollenkopf.

  • Qualcomm CEO: Your access to unlimited data plans will 'grow dramatically' under 5G
    Yahoo Finance

    Qualcomm CEO: Your access to unlimited data plans will 'grow dramatically' under 5G

    Qualcomm is committed to building a sustainable fifth-generation cellular network (5G), which CEO Steve Mollenkopf says will have a big impact on the American consumer.

  • Influencers Transcript: Qualcomm CEO Steve Mollencopf, August 15, 2019
    Yahoo Finance

    Influencers Transcript: Qualcomm CEO Steve Mollencopf, August 15, 2019

    Yahoo Finance Editor-in-Chief Andy Serwer sits down with Qualcomm CEO, Steve Mollenkopf.

  • GlobeNewswire

    Advanced Fan-out Technology Breakthrough: Deca Technologies’ M-Series™ Identified in Samsung S10, Xiaomi Mi 9 and LG G8 Handsets

    TEMPE, Ariz., Aug. 14, 2019 -- Deca Technologies, a wafer-level electronic interconnect solutions provider to the semiconductor industry, today announced that Industry.

  • US Semiconductor Firms, Huawei, and Trade War Politics
    Market Realist

    US Semiconductor Firms, Huawei, and Trade War Politics

    As US semiconductor companies firms adjust their supply chains to avoid tariffs, they are coming to terms with the trade restrictions on Huawei.

  • The Zacks Analyst Blog Highlights: Intel, QUALCOMM, Micron Technology, Advanced Micro Devices, Skyworks Solutions and Apple
    Zacks

    The Zacks Analyst Blog Highlights: Intel, QUALCOMM, Micron Technology, Advanced Micro Devices, Skyworks Solutions and Apple

    The Zacks Analyst Blog Highlights: Intel, QUALCOMM, Micron Technology, Advanced Micro Devices, Skyworks Solutions and Apple