Charter Equity Remains a Hold on Qualcomm (QCOM)

By Ryan Adsit

Charter Equity analyst Edward F. Snyder maintained a Hold rating on Qualcomm (QCOMResearch Report) today. The company’s shares closed last Thursday at $101.66.

According to, Snyder is a 5-star analyst with an average return of 21.4% and a 62.7% success rate. Snyder covers the Technology sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Intel.

Currently, the analyst consensus on Qualcomm is a Moderate Buy with an average price target of $115.07, representing a 25.8% upside. In a report issued on July 17, UBS also maintained a Hold rating on the stock with a $95.00 price target.

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Qualcomm’s market cap is currently $104.7B and has a P/E ratio of 27.10. The company has a Price to Book ratio of -20.02.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QCOM in relation to earlier this year.

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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 grants licenses and 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.