QCOM - QUALCOMM Incorporated
78.90 0.00 (0.00%)
After hours: 4:00PM EDT
| Previous Close | 78.69 |
| Open | 78.69 |
| Bid | 78.94 x 1300 |
| Ask | 78.94 x 1100 |
| Day's Range | 77.64 - 79.07 |
| 52 Week Range | 49.10 - 90.34 |
| Volume | 4,282,382 |
| Avg. Volume | 10,535,270 |
| Market Cap | 95.916B |
| Beta (3Y Monthly) | 1.51 |
| PE Ratio (TTM) | 28.88 |
| EPS (TTM) | 2.73 |
| Earnings Date | Nov 6, 2019 |
| Forward Dividend & Yield | 2.48 (3.10%) |
| Ex-Dividend Date | 2019-09-11 |
| 1y Target Est | 78.99 |
- Market Realist
Why Micron Has Become an Analyst Favorite
Chip maker Micron Technology (MU) is suddenly gaining the attention of analysts despite struggling with several challenges.
- Zacks
Qualcomm Buys Remaining Ownership Stake in RF360 Holdings
The acquisition of RF360 Holdings allows Qualcomm (QCOM) to provide its customers with a complete end-to-end solution from modem to antenna.
- Zacks
Near-Term Wireless Equipment Industry Outlook Appears Murky
Near-Term Wireless Equipment Industry Outlook Appears Murky
- Market Realist
NVIDIA Stock: Are Analysts Losing Confidence?
NVIDIA (NVDA) stock had fallen over 1% in today's trading session as of 10:50 AM ET. The stock was also down in premarket trading.
- Bloomberg
Qualcomm Spends $1.15 Billion to Buy Joint Venture From TDK
(Bloomberg) -- Qualcomm Inc. paid $1.15 billion to buy the rest of a partnership it had with Japan’s TDK Corp. The deal will help Qualcomm sell more chips for smartphones supporting the latest 5G wireless standard, the U.S. company said.The two firms set up their RF360 Holdings partnership in 2016 to design radio frequency components. Qualcomm contributed cash and TDK spun off its design and manufacturing assets into the endeavor, which was 51% owned by the San Diego-based company.Radio frequency components help convert radio waves into signals that semiconductors can turn into data. They are a crucial part of smartphones, and an important ingredient in a soup of chips and software that Qualcomm is concocting for makers of new 5G handsets.Qualcomm is already the biggest maker of modems for phones and also provides many of the processors that run software in handsets. It’s trying to combine all these elements into a single offering for smartphone makers. Taking control of the RF joint venture will make the company a bigger competitor to Skyworks Solutions Inc., Qorvo Inc., Broadcom Inc. and other industry players.Increasing mobile data speeds partly come from combining more bands of radio frequency. Modern smartphones access more than 50 bands, up from three in early data-capable phones more than a decade ago. That requires more complex RF components.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist
Broadcom Stock: Why Is It Falling Today?
Broadcom stock hasn't been a great performer compared to its semiconductor peers this year. So far, the stock has fallen more than 4% today.
- Yahoo Finance
Here are 3 key players in Apple’s massive supply chain
Apple has very deep relationships with Hon Hai Precision, ON Semiconductor and Qualcomm.
- Bloomberg
U.S. Semiconductor Companies Urge Trump to Hurry Huawei Licenses
(Bloomberg) -- The U.S. semiconductor industry urged President Donald Trump to make good on his promise to ease the ban on sales to China’s Huawei Technologies Co.“We encourage prompt action to issue approvals for sales that do not implicate national security concerns, particularly where there is foreign availability for competing products,” the Semiconductor Industry Association said in a letter dated Sept. 11 to Commerce Secretary Wilbur Ross, which was seen by Bloomberg News. Intel Corp., Qualcomm Inc. and Texas Instruments Inc. and are among members of the association.China’s largest technology company has found itself at the center of a trade conflict between Beijing and Washington that’s weighing on the global economy.After meeting with Chinese President Xi Jinping in late June, Trump said he would loosen restrictions on Huawei export licenses and that Beijing had agreed to buy more U.S. farming goods. But neither side has followed through on those pledges, and the U.S. has since increased tariffs on Chinese goods, sparking retaliation by China.In July, Trump met with chief executives from major technology companies including Micron Technology Inc. and Alphabet Inc.’s Google who asked for a timely decision on the resumption of sales to Huawei.Trade BlacklistAmerican businesses require a special license to supply goods to Huawei after the U.S. added the Chinese company to a trade blacklist in May over national-security concerns.Huawei is the third-largest buyer globally of U.S. semiconductors, the association said in the letter. Sales to Huawei of “non-sensitive” products ranging from mobile phones to smart-watches “do not implicate national security concerns,” the group said. The ban is making it more difficult for U.S. firms to compete against foreign rivals that don’t face the same restrictions, according to the letter.Delays in awarding the special licenses could weaken the U.S. semiconductor industry because it will lead to lower profits, forcing some companies to cut research and eroding their dominance in the global market, the association said.To contact the reporters on this story: Jenny Leonard in Washington at jleonard67@bloomberg.net;Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Sarah McGregor, Robert JamesonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Qualcomm (QCOM) Stock Sinks As Market Gains: What You Should Know
Qualcomm (QCOM) closed at $79.08 in the latest trading session, marking a -1.03% move from the prior day.
- Yahoo Finance
Former Homeland Security Secretary on Huawei: 'It's pretty clear ... they're an instrumentality' of China
Former Homeland Security Secretary Tom Ridge called on Trump not to use Chinese telecommunications giant Huawei as leverage in broader trade negotiations with China, saying national security should be a “non-negotiable item.”
- Zacks
Telecom Stock Roundup: Qualcomm Plans Low-Priced 5G Chips, CenturyLink's Deal & More
While Qualcomm (QCOM) is planning to develop cheap 5G chipsets for the masses, CenturyLink (CTL) aims to strengthen its position in the content delivery network with the acquisition of Steamroot.
- Market Realist
China Tariff Delays Put Semiconductor Stocks in Focus
Yesterday, President Trump tweeted that he would delay the upcoming hike on the China tariffs. US semiconductor companies are sensitive to trade wars.
- Yahoo Finance
Kroger, Broadcom earnings — What to know in markets Thursday
Grocery giant Kroger and chipmaker Broadcom are scheduled to release quarterly results Thursday.
- Bloomberg
Huawei Tries to Romance a Washington That Spurns Its Overtures
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Huawei Technologies Co., after having practically shut down its Washington operation, last month added a trio of well-connected lobbyists to a swelling corps of influencers.It has sent executives to schmooze journalists and even started using Twitter to persuade the Trump administration not to ruin its business.But it may be an unwinnable fight.“Huawei is mistrusted by intelligence community careerists, congressional Democrats and Republicans, and many (but not all) American tech companies,” Bruce Mehlman, former assistant secretary of commerce for technology policy, said in an email. “They have a much larger problem than just the Trump administration.”The White House has been pushing allies to cut ties with the Chinese company over allegations its networking gear poses an espionage risk. The campaign has had mixed success but Vice President Mike Pence last week urged Iceland not to use Huawei gear and recently signed a security agreement with Poland that could block the company from the Eastern European nation.At home, the Trump administration banned U.S. companies from doing business with the Chinese technology giant. Lawmakers who last year blocked government agencies from buying Huawei gear are considering more legislation aimed at the company that Senator Ted Cruz called “a state spy agency masquerading as a technology company.”The company isn’t giving up trying to win friends and influence people in Washington. In March, it registered Washington lobbyists with Congress for the first time since 2012. Those hired include Samir Jain, a Jones Day partner who was a cybersecurity official under Democratic President Barack Obama.Huawei also has engaged the law firms Sidley Austin LLP and Steptoe & Johnson, and Michael Esposito, who on his firm’s website is described as part of the senior leadership of the Republican National Committee.On Aug. 30, three lobbyists from Squire Patton Boggs registered to work for Huawei. They include Edward Newberry, who once was deemed a “King of K Street” in a New York Times article, according to the law firm. Jack Deschauer, a former director of Senate affairs for the secretary of defense and Jeff Turner, an expert on U.S. scrutiny of foreign companies, also registered. None of the three returned a telephone call seeking comment.The company has also hired Boston-based Racepoint Global Inc. and WPP’s BCW LLC.Racepoint, with a two-year agreement signed in September 2018, is to provide “ongoing public relations support” including advice on strategy and social media, according to a foreign-agent disclosure filing with the Justice Department. Racepoint won’t have direct contact with government officials, the firm said in the filing.BCW in March registered its agreement to provide advice to Huawei, with a budget not to exceed $160,000 and work to include media outreach and opinion research “to be billed at crisis rates,” according to the filing. In an August filing, BCW said its relation with Huawei had ended. Catherine Sullivan, a BCW spokeswoman, declined to take questions about the relationship.Huawei has deployed Tim Danks, a vice president with the company since 2009, and Andy Purdy, its chief U.S. security officer in the U.S. Purdy joined Huawei in 2012. Earlier he helped establish the Department of Homeland Security’s cybersecurity office and served as its leader for two years ending in 2006.“We’d like to engage,” Danks said in an interview with Bloomberg reporters and editors. “The U.S. government hasn’t been very forthcoming.”In a Bloomberg TV interview Aug. 29, Danks said, “We believe that there is a way forward. We’re hoping that with further engagement with the U.S. government that we’ll be able to find a solution to the current situation.”Days after Danks spoke, Trump renewed his criticism of Huawei, calling it “a big concern of our military, of our intelligence agencies.” Earlier his administration had moved to bar the gearmaker from American markets and deny it key U.S. parts. U.S. officials say Huawei gear could be used for spying by Beijing -- an allegation rejected by the company.“The administration has pretty much made is position clear,” said James Lewis, director of the technology policy program at the Center for Strategic & International Studies in Washington. “How are you going to to talk them out of that?”As the company has become a focal point for U.S.-Chinese tensions, some have regarded it as bargaining chip in sensitive trade negotiations. China and the U.S. on Sept. 5 announced that face-to-face negotiations aimed at ending their tariff war will be held in Washington in the coming weeks, amid skepticism on both sides that progress can be made.Even as Danks and Purdy propose ways to end the standoff with the U.S., Huawei elsewhere has veered to defiance. The company in a tweet last week cast his visit as part of a political agenda that will disrupt Europe’s adoption of fast 5G mobile technology, and cited “U.S. pressure against China and Huawei.”Trump’s export restrictions stand to cut off vital supplies, from Qualcomm Inc. chipsets to Google’s Android operating software.The crisis may be deepening: Google confirmed the upcoming Huawei flagship smartphone won’t have licensed Google apps, a minus for consumers wanting access to the search giant’s proprietary maps and other features. Sales outside China could be slashed in half, Bloomberg Intelligence analyst Charles Shum said in a Sept. 4 note. Huawei’s sales in China, where consumers have had no access to Google services since 2009, won’t be affected.Danks and Purdy, the Huawei executives, in the Aug. 28 interview suggested that security concerns could be met by applying uniform standards to all companies involved in telecommunications networks.Huawei executives reject the notion that the company may do the bidding of China’s spy agencies by relaying traffic that flows through its network gear. “We couldn’t comply. We don’t have access to that data,” Danks said.The Trump administration has delayed implementation of its Huawei restrictions. Purdy said that if Huawei reaches an agreement with the administration, “We’re hoping we can continue to serve our small rural carriers.”The company’s founder and chief executive officer, Ren Zhengfei, in an interview with the New York Times published Tuesday, proposed negotiations with the U.S.Ren’s daughter, Meng Wanzhou, is in Canada awaiting extradition proceedings after her arrest last year at the behest of the U.S. government, on charges related to trade sanctions.The Trump administration was right to move against Huawei, and shouldn’t ease restrictions as part of trade talks, billionaire investor George Soros said in a Sept. 9 opinion piece in the Wall Street Journal.While the largest U.S. carriers have spurned Huawei gear over security concerns, smaller operators have purchased it, citing low prices and good reliability. Some of them cite a lack of public evidence pinpointing the alleged security risk, and suspect the entire dispute is tied to leverage in the trade talks.“We’re kind of in the middle,” said Jim Kail, president of LHTC Broadband, which serves rural communities in Pennsylvania.“We’re not going to jeopardize our national security just for a buck. But there’s no proof of it,” Kail said. “We’re going to continue using it until somebody tells us differently.”The idea of a uniform standard echoes proposals from European countries that are loath to annoy China by singling out its leading technology company, said Lewis, of the Center for Strategic & International Studies in Washington.“It depends where you set the standards,” Lewis said in an interview. “If you set them high, it makes it hard to buy Huawei gear. If you set them low, it makes it easy to buy Huawei.”Equipment from the Shenzhen-based company is not secure, in part because equipment can take in software updates that create vulnerabilities, even after being judged to be benign when installed, Lewis said.The Huawei executives said it’s a “misconception” to think that complex networks can be manipulated remotely.\--With assistance from Bill Allison.To contact the reporter on this story: Todd Shields in Washington at tshields3@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Late Rally Stretches Dow Winning Streak to 5 Days
Late Rally Stretches Dow Winning Streak to 5 Days
- Market Realist
Apple Chip Supplier Stocks Rally Ahead of iPhone Launch
It's that time of year—Apple (AAPL), the world’s largest handset maker by revenue, is launching its new iPhones. Apple chip supplier stocks have rallied.
- Zacks
Sony (SNE) Aims to Tap Mobile Gaming Market With Xperia 5
The Xperia 5 smartphone by Sony (SNE) makes mobile gaming much easier by offering a compact console.
- Bloomberg
Huawei and Samsung’s New 5G Chips Pose Threat to Qualcomm
(Bloomberg) -- Samsung Electronics Co. and Huawei Technologies Co. took turns announcing new mobile processors at the IFA technology show in Berlin last week, and the big thing the new chips have in common is an integrated 5G modem.In a market dominated by U.S. rival Qualcomm Inc., the world’s two biggest smartphone manufacturers asserted a lead in delivering one of the keys to unlocking widespread availability of 5G devices. A system-on-chip that integrates the applications processor and a fifth-generation wireless modem significantly reduces the space and power requirements compared to existing solutions that use two separate chips.Qualcomm has such models on its 2020 road map, but this past week Samsung announced it’s planning mass production for its alternative at the end of 2019 and Huawei is moving even faster, promising to release its most advanced processor with the Mate 30 Pro smartphone on Sept. 19.The Kirin 990 5G from Huawei subsidiary HiSilicon is built at Taiwan Semiconductor Manufacturing Co. and packs more than 10.3 billion transistors into a space the size of a fingernail. It includes a graphics processor, an octa-core CPU, and the all-important 5G modem, along with dedicated neural processing units for accelerating artificial intelligence tasks.At Huawei’s Berlin launch event, consumer group Chief Executive Officer Richard Yu showed the high-end 990 5G achieving real-world download speeds on China Mobile’s network in excess of 1.7Gbps. That’s fast enough to download high-definition movies and demanding 3-D games in a matter of seconds.Samsung’s approach with its Exynos 980 is to target the mid-range. Along with 5G capabilities, this new chip integrates 802.11ax fast Wi-Fi along with Samsung’s own NPU. It won’t run apps and games quite as quickly as flagship chips, but should help the South Korean company garner a slice of the more mainstream market before Qualcomm brings out an armada of new 5G-capable chips next year.Samsung’s emphasis on this part of the mobile market was also signaled by its launch of the Galaxy A90 this month, one of the earliest examples of a mid-range device with 5G.Huawei’s Next Flagship Phone Set to Sink Without Google Apps (1)For its part, Qualcomm is promising to cover the entire range of price points and mobile device types with its 5G portfolio in 2020, however the world’s premier mobile chip designer is finding itself behind its faster-moving rivals.While Huawei is “pushing to show tech leadership,” the company has “made sacrifices in order to make an integrated SOC,” said Anshel Sag, mobile industry analyst at Moor Insights & Strategy. He cited the chip’s lack of support for mmWave -- the high-frequency 5G favored by U.S. carriers AT&T Inc. and Verizon Communications Inc. plus some European ones -- as an example. The Kirin 990 5G is fast by today’s standards and a great upgrade for Huawei’s upcoming devices in China, but Sag said it’ll find itself outpaced by rivals in 2020.The silver lining to the trade war for Qualcomm, however, is that Huawei’s Mate 30 Pro will struggle to sell in Europe so long as the Trump administration prevents it from offering Google services on new phones. Irrespective of how fast and advanced its Kirin 990 5G may be, the trade war will prevent Huawei from fully capitalizing on its capabilities and may, in fact, push the company to license the chip out to other smartphone vendors, such as Lenovo Group, which is not subject to the same sanctions.If the U.S. keeps Huawei on its blacklist, preventing it from buying American technology, the company faces further chip challenges. To develop successors to the Kirin 990, it needs to license the latest designs from SoftBank Group’s ARM, but that company discontinued work with Huawei because of the U.S. ban.(Updates with analyst comment in the third from last paragraph.)To contact the reporter on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Nate Lanxon, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Qualcomm Plans to Offer Low-Priced 5G Chipsets for Masses
Qualcomm (QCOM) envisions a huge revenue-generating potential in low-priced 5G chipsets and aims to expand its product portfolio to cater to the various customer segments.
- Market Realist
Qualcomm to Expand 5G Chip Tech Next Year
Qualcomm (QCOM) will expand its 5G chip technology next year. Qualcomm will soon power the mid-priced smartphones with its 5G wireless data networks.
- Reuters
Huawei shows off 'most powerful' chipset as forges ahead with 5G smartphone plan
Huawei Technologies showcased its chipset for a new high-end smartphone on Friday, pressing ahead with plans to launch its Mate 30 range, despite uncertainty about whether the new phones will be able to run Google's Android operating system and apps. The Chinese tech giant bills the Kirin 990 chipset as the first all-in-one 5G system on a chip, describing it as superior to alternatives from Qualcomm and Samsung that, it says, graft 5G modems on to 4G chips.
- Market Realist
Intel Stock Is Rallying Today: Are Its Troubles Over?
Chip maker Intel (INTC) stock rose in the premarket session today. At 9:26 AM ET, it was up 1.86% on expectations of a trade war truce.
- Bloomberg
Snake Helped Sell 10 Million Retro Nokias, Flip-Phone Is Next
(Bloomberg) -- The company behind Nokia-branded phones says it’s sold more than 10 million retro-revival handsets. Now it’s revamping the flip phone.Florian Seiche, chief executive officer of HMD Global Oy -- which produces consumer products under the Nokia name -- said the company would also release its first 5G smartphone in 2020. It would be “affordable, yet premium,” compared to what’s available to consumers in Europe today.“We’ve started making investments in 5G and have a very focused strategy together with Qualcomm and Google,” Seiche said.First launched in 2000, the Nokia 3310 featured a small monochrome display and the instant hit game Snake. It went on to sell in the millions. The revamped, slimmer version released two years ago included a color screen but many of the basic features remained intact, including Snake. An updated version of the Nokia 8110, as used by Keanu Reeves’s character Neo in 1999’s “The Matrix,” was released a year later.Seiche said the popularity of the two relaunched products led HMD Global to launch a classically-inspired “flip phone” in Berlin on Thursday, along with a range of new mid-range smartphones running Google’s Android operating system.The Nokia 2720 has two screens -- a primary display measuring 71 millimeters (2.8 inches), and a smaller, 33 mm one on the outside for notifications. Flipping open the device answers any calls. The phone doesn’t use Google’s Android, but does feature the Google Assistant as well as Facebook and WhatsApp. It’ll go on sale later in September across Europe and cost about 89 euros ($98). “It’s for people who were previously smartphone-rejectors,” Seiche said.Smartphone WarsPremium device makers have been trying to get consumers to upgrade their phones more frequently, but high prices, the increasing similarity of designs and strong competition from cheaper Chinese brands are making that harder.It also opened a window of opportunity for HMD to use a historic brand to market feature phones that can cost $30 or less, Seiche said. It’s been helped by the trade war between the U.S. and China that’s hit demand for devices from Huawei Technologies Co.“The strongest impact we’re seeing is the interest from European operator partners, and it’s meant we’ve been able to accelerate our U.S. growth plans,” Seiche said of the trade dispute.To contact the reporter on this story: Nate Lanxon in London at nlanxon@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investing.com
StockBeat: Semi Stocks Shine as Trade Tensions Ease
Investing.com – Semiconductor stocks delivered swashbuckling gains on Thursday thanks to easing U.S.-China trade tensions and expectations that chip stocks are set to accelerate in the second half of the year.
