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Analyst: Qualcomm shares may be volatile

Sterne Agee analyst Vijay Rakesh expects that Qualcomm Inc.'s (Nasdaq: QCOM) fiscal fourth-quarter results will meet Wall Street's expectations, but he warned that shares may be volatile immediately after the mobile phone chip company reports.

Several other companies that are suppliers to Apple Inc.'s iPhone — such as Skyworks Solutions Inc. and Cirrus Logic Inc. — are down 10 percent to 15 percent after giving guidance that either met or was better than Wall Street's expectations, he said.

But he remains optimistic about the company's long-term prospects and kept a “Buy” rating on the shares.

Analysts polled by FactSet expect Qualcomm to post earnings of 82 cents per share and revenue of $4.67 billion for the fourth quarter.

Shares added $1.13, or 1.9 percent, to close Monday at $60.43.

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Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
QCOM
59.91
  0.65  
+ 1.10%
8,924,775,000
78.53
52.17

Insider Trade Data

Date Insider Shares Type Value
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
09/11/2015 Vinciquerra, Anthony J 1,000 Purchase $54,700

Qualcomm Inc. Executive(s):

Irwin Mark Jacobs

  • Founding Chairman, CEO Emeritus

Paul Jacobs

  • Executive Chairman

Tamar Elkeles

  • Vice President

Don Jones

  • Vice President

Don Rosenberg

  • General Counsel

Mark Leslie

  • Vice President, External Affairs

Steven Altman

  • Vice Chairman

Steve Mollenkopf

  • Chief Executive Officer

Derek Aberle

  • President

Navrina Singh

  • Director of Product Management

Related Videos

Top Attorneys 2015: Andrew Newton

Aug. 10, 2015 -- Reporter Katherine Connor speaks with Andrew Newton, a patent counsel at Qualcomm Inc. and a 2015 Top Attorney, about his work in the ever-changing world of patent law.

Watch all of our Top Attorneys 2015 videos.

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SIC - 3663 - RADIO AND TELEVISION BROADCASTING AND COMMUNICATIONS EQUIPMENT
SIC - 3663 - ELECTRONIC COMPONENTS, NOT ELSEWHERE CLASSIFIED

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