Qualcomm

Earnings season ramps up this week with quarterly reports due from the likes of tech companies such as IBM (NYSE: IBM) and Microsoft (NASDAQ: MSFT), big banks such as Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC), and consumer goods giants such as PepsiCo (NYSE: PEP) and Johnson &...

Credit Suisse has made a number of updated in a research report published today. Research In Motion Limited (NASDAQ: RIMM) had its rating downgraded from Outperform to Neutral. At the same time, credit Suisse lowered its price target on the company's stock from $70 to $30. In the report, Credit...

FBR Capital Markets has published a research report on QUALCOMM (NASDAQ: QCOM) after the company reported checks that show tracking in the upper half of 2Q calendar guidance. In the report, FBR writes, "some handset inventory adjustments occurring at Samsung, LG, and HTC may drive revenues towards...

Oppenheimer is out with its report today on Qualcomm (NASDAQ: QCOM), reiterating Outperform. In a note to clients, Oppenheimer writes, "Qualcomm closed its acquisition of Atheros on May 24th, reiterating expectations for the transaction to be modestly dilutive in FY11 and modestly accretive in...

This morning, Goldman Sachs writes "On Tuesday after the close, Qualcomm announced it had completed the acquisition of Atheros for an enterprise value of $3.1 bn. The acquisition is expected to be modestly dilutive to EPS in FY2011 and modestly accretive in FY12, consistent with Qualcomm's original...

Goldman Sachs is reiterating its Conviction Buy on shares of QUALCOMM Incorporated (NASDAQ: QCOM). “Qualcomm reported F2Q (Mar) revenue/non-GAAP EPS of $3.88 bn/$0.86 vs. GS at $3.71 bn/$0.85 and consensus at $3.62 bn/$0.80,” Goldman Sachs writes. “F3Q (Jun) revenue/non-GAAP EPS guidance was $3.35...

Deutsche Bank is maintaining its price target of $65 and is reiterating its Buy rating on Qualcomm (NASDAQ: QCOM) based upon strong results reported in Q2. In the report, Deutsche Bank writes, “Qualcomm reported solid Q2 results: revenues of $3.87 b; meaningfully ahead of our estimate of 3.51 b...

Piper Jaffray is maintaining its OW rating on shares of QUALCOMM Incorporated (NASDAQ: QCOM). “QCOM reported a solid quarter and raised guidance slightly going forward,” Piper Jaffray writes. “The company had a strong royalty quarter as it settled two disputes. Going forward we are increasing our...

Citigroup has raised the price target on QUALCOMM (NASDAQ: QCOM) from $60 to $67 and maintains its Buy rating.

Piper Jaffray is out with its report today on QUALCOMM (NASDAQ: QCOM), maintaining Overweight. In a note to clients, Piper Jaffray writes, "We believe that QCOM will report a strong quarter and provide strong guidance. We believe near-term demand is strong as the supply chain hoards components...

According to Deutsche Bank, Qualcomm (NASDAQ: QCOM) estimates are adjusted. Deutsche Bank reported that it believes supply-chain constraints for the whole industry may dampen June and September quarter growth. “However, we see these as short-lived. Our checks indicate that Qualcomm continues to...

In a preview of Qualcomm Incorporated's (NASDAQ: QCOM) FY2Q11, Credit Suisse said that its F2Q revenue/EPS estimates are $3.59bn/$0.82 versus consensus at $3.62bn/$0.80. “While we note modest risk to the company's forward guidance due to uncertainties around near-term demand push outs in Japan, we...

MKM Partners has upgraded Qualcomm (NASDAQ: QCOM) from Neutral to Buy.

FBR Capital is out with its report today on Qualcomm (NASDAQ: QCOM), maintaining Outperform. In a note to clients, FBR Capital writes, "For QCOM, recent investor concerns about smartphone production cuts at Samsung and LG, concerns about a non-Apple tablet glut, and profit taking weighed on QCOM...

Oppenheimer remains bullish on Qualcomm (NASDAQ: QCOM) long term, “but expect the company to potentially see near-term pressure on royalties and MSM shipments due to the tragedy in Japan and industry seasonality.” “We're cutting our estimates accordingly and could still see further cuts if handset...