Citigroup Boost Estimates on Qualcomm (QCOM)

Analysts at Citigroup cite strength from Samsung and an improved smartphone market in China as reasons for their earnings estimate increase on semiconductor giant Qualcomm, Inc. (QCOM) on Thursday.

The analysts still see shares of QCOM reaching $81, which suggests a 23% upside to Wednesday’s closing price of $64.74.

Qualcomm shares were up slightly during Thursday morning trading. The stock is mostly flat over the past year.

The Bottom Line
Shares of Qualcomm (QCOM) have a dividend yield of 2.13% based on Thursday’s intraday trading price of $65.87 and the company’s annualized dividend payout of $1.40 per share.

Qualcomm, Inc. (QCOM) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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