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4-Traders Homepage  >  Equities  >  Nasdaq  >  Qualcomm    QCOM

QUALCOMM (QCOM)
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QUALCOMM, Inc. : Qualcomm raises dividend, increases share repurchase

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03/05/2013 | 03:23pm CEST
People sit next a Qualcomm stand at the Mobile World Congress at Barcelona

(Reuters) - Qualcomm Inc, the world's leading supplier of chips for cellphones, said it was raising its quarterly cash dividend by 40 percent and introduced a new $5 billion stock repurchase program, sending its shares higher in premarket trading.

The quarterly dividend will increase to 35 cents per share from 25 cents.

The $5 billion stock repurchase program, which has no expiration date, replaces a $4 billion buyback program. About $2.5 billion of "repurchase authority" had been remaining on the previous buyback program.

Shares rose $1.62 or 2.4 percent on the news to $68.25 per share in premarket trading.

The news comes as San Diego-based Qualcomm is benefiting from strong demand for smartphones and a move by network operators around the world to a high-speed wireless technology known as long term evolution (LTE), where Qualcomm is ahead of rivals.

On January 30, Qualcomm raised its financial targets for this year and also announced the retirement of its chief financial officer.

(Reporting By Liana B. Baker; Editing by Gerald E. McCormick)

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Financials ($)
Sales 2018 21 940 M
EBIT 2018 5 089 M
Net income 2018 -4 196 M
Finance 2018 7 599 M
Yield 2018 4,06%
P/E ratio 2018 -
P/E ratio 2019 19,88
EV / Sales 2018 3,61x
EV / Sales 2019 3,13x
Capitalization 86 733 M
Chart QUALCOMM
Duration : Period :
Qualcomm Technical Analysis Chart | QCOM | US7475251036 | 4-Traders
Technical analysis trends QUALCOMM
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 61,6 $
Spread / Average Target 5,3%
EPS Revisions
Managers
NameTitle
Steven M. Mollenkopf Chief Executive Officer & Director
Cristiano R. Amon President
Jeffrey William Henderson Non-Executive Chairman
George S. Davis CFO, Principal Accounting Officer & Executive VP
Mary Gendron Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
QUALCOMM-8.62%86 733
CISCO SYSTEMS12.79%203 165
ERICSSON27.39%25 812
ARISTA NETWORKS INC15.74%20 283
MOTOROLA SOLUTIONS30.30%19 085
HARRIS CORPORATION1.45%17 061