Qualcomm Inc
develops, markets and licenses cutting edge integrated circuits used primarily
in wireless applications, provides data and positioning services for
transportation applications, develops content management technologies and
provides a platform for wireless application development. QCOM has
grown profits at a 21%+ annual rate over the last 10 years; and has raised its
dividend per share from an initial $.09 in 2003 to $1.30 in 2013. It has done this while earning a 15%+ return
on equity. The company future appears
equally promising as a result of:
(1) it is a
major beneficiary of the growth in 3G/4G wireless technology,
(2) it is the
established technological leader in the high smart phone market,
(3) new product
development,
(4)
acquisitions.
Negatives:
(1)
the current global economic malaise could impact
demand,
(2)
it is in a highly competitive industry,
(3)
it is facing several patent infringement suits.
The company is
rated A++ by Value Line, has no debt but a huge cash position and its stock
yields 2.0%.
Statistical Summary
Stock Dividend Payout # Increases
Yield Growth Rate Ratio
Since 2002
Debt/ EPS Down Net Value Line
Equity ROE Since 2002 Margin Rating
**most companies in QCOM
industry do not pay a dividend
Chart
Note:
QCOM stock made good progress off its
November 2008 low, quickly surpassing the downtrend off its August 2008 high
(straight red line) and the November 2008 trading high (green line). Long term, the stock is in a trading range
(boundaries not visible). Intermediate
term, it is an uptrend (purple lines).
Short term it is in an uptrend (brown line). The wiggly red line is the 50 day moving
average. The Dividend Growth Portfolio
owns a 75% position in QCOM ; while the
Aggressive Growth Portfolio has a full position. The upper boundary of its Buy
Value Range Sell
Half Range
1/14
No comments:
Post a Comment