QCOM
$131.66+2.27 (+1.75%)
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide.
Recent News
Can Intel's Partnership With NVIDIA on Xeon 6 Propel Its Shares?
INTC's new Xeon 6 processors are set to power NVIDIA's DGX Rubin NVL8 systems, boosting real-time AI performance across cloud and edge devices.
Qualcomm Buying Back $20 Billion in Shares, Boosts Dividend
The chipmaker’s board has approved the new stock repurchase program, which adds to previous buybacks announced in November 2024, according to a company statement. The San Diego-based company’s quarterly dividend will rise to 92 cents a share from 89 cents after March 26. Last month, Qualcomm issued a tepid forecast for revenue, saying a global shortage of memory chips means some of its customers, particularly those in China, will be making fewer handsets.
Qualcomm unveils $20 billion stock buyback program
Smartphone chip designer Qualcomm on Tuesday unveiled a $20 billion stock buyback program as it looks to take advantage of a steep drop in its share price, which has been hit by a global memory supply crunch that is expected to slow handset manufacturing. Shares of the company rose more than 3% on Tuesday, after a year-to-date drop of over 24% as the widespread shortage of memory chips hit Qualcomm's customers, mainly smartphone makers. The new buyback is in addition to its existing $2.1 billion share buyback plan, the company said, adding that Qualcomm is also increasing its quarterly cash dividend by more than 3% to 92 cents per share from 89 cents.
Is It Time To Reconsider Qualcomm (QCOM) After Recent Share Price Weakness?
If you are wondering whether QUALCOMM's current share price lines up with its underlying value, you are not alone. That is exactly what this article tackles. The stock recently closed at US$129.39, with returns of a 6.3% decline over 7 days, an 8.0% decline over 30 days, a 25.2% decline year to date, and a 16.2% decline over 1 year, while the 3 and 5 year returns stand at 13.7% and 7.6% respectively. These moves have come alongside ongoing attention on QUALCOMM's role in the semiconductor...
Another deep tech chip startup becomes a unicorn: Frore hits $1.64B
At Nvidia CEO Jensen Huang's urging, Frore developed liquid-cooling tech for chips. That shift helped it raise $143 million.