March 21, 2013 at 10:12 AM EDT
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 Dividend.com 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.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here