QCOM

Qualcomm Inc

TMT


Presented:10/31/2017
Price:$54.66
Cap:$81.50B
Current Price:$174.09
Cap:$193.94B

Presented

Date10/31/2017
Price$54.66
Market Cap$81.50B
Ent Value$85.88B
P/E Ratio20.94x
Book Value$21.20
Div Yield4.17%
Shares O/S1,491.00M
Ave Daily Vol7,798,757
Short IntN/A

Current

Price$174.09
Market Cap$193.94B
QUALCOMM, Inc. engages in the development, design and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment provides rights to use portions of the firm's intellectual property portfolio. The QSI segment focuses on opening new or expanding opportunities for its technologies and supporting the design and introduction of new products and services for voice and data communications. The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.

Publicly traded companies mentioned herein: Apple Inc (AAPL), Intel Corp (INTC), NXP Semiconductors NV (NXPI), Qualcomm Inc (QCOM), Samsung Electronics Co Ltd (005930 KS)

Highlights

The presenter is long shares of Qualcomm (QCOM), viewing the current outlook around the closing of the NXP Semiconductors (NXPI) acquisition and royalty disputes with Apple and other manufacturers as overly conservative. The presenter thinks QCOM is well-positioned in the dispute with Apple, and has strong competitive advantages moving into the tail-end of the 4G cycle and the start of the 5G cycle. He believes there is an attractive risk/reward set-up, with downside limited to the mid- to high-$40 range, and upside to $80 - $90.

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Idea Discussion

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