Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is NXPI a Lucrative Acquisition Target for QCOM, AVGO, or TXN?

[Market Realist] – Analysts believe Qualcomm (QCOM), Broadcom (AVGO), or Texas Instruments (TXN) will ultimately acquire NXP Semiconductors. Read more on this. QUALCOMM Incorporated (QCOM) , with a current value of $80.67B, opened this morning at $55.39. Today, shares have traded between $54.83 and $55.43 per share and has traded between $42.24 and $70.90 over the past year. QCOM shares are currently priced at 13.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -4.54x forward p/e ratio. The company pays shareholders $2.12 per share annually in dividends, yielding 3.84%. According to a consensus of 25 analysts, the earnings estimate of $0.96 per share would be $0.03 worse than the year-ago quarter and a $0.06 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.08 is a $0.58 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.57 Billion. If reported, that would be a 4.46% decrease over the year-ago quarter. In terms of ratings, Credit Agricole Initiated QCOM at Outperform (May 17, 2016). Previously, Rosenblatt downgraded QCOM from Buy to Neutral. The average price target for QCOM shares by the analysts covering the stock is $56.92, which is 2.76% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Has Qualcomm Become a Value Stock? (QCOM) Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Here’s Why Qualcomm (QCOM) Stock is Down Today