Qualcomm’s Stock Jump on New Chip Launch

Qualcomm , Inc. (NASDAQ: QCOM) stock is rallying after the company revealed its flagship Snapdragon smartphone chip earlier this week. The chip, called Snapdragon 888, will start shipping in smartphones in 2021. The new chip will have 5G mode, improved graphics processing, AI capabilities and support for advanced cameras. The new chip supports 26 trillion operations per second.

This chip and other technologies of Qualcomm are making the company ready to reap huge profits from the upcoming 5G revolution. Therefore, analysts believe that now is the suitable time to see Qualcomm as an investment opportunity.

Over the current book year the total revenu from the company based in San Diego will be 30,1 billion USD (consensus estimates). This is rather significant more than 2019's revenue of 21,73 billion USD.

Historical revenues and results Qualcomm plus estimates 2020

The analysts expect for 2020 a net profit of 8,13 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 7,07 USD. Based on this the price/earnings-ratio is 21,2.

For this year the analysts expect a dividend of 2,6 USD per share. The dividend yield is then 1,73 percent. The average dividend yield of the telecommunications companies is a moderate 0,62 percent.

Qualcomm 's market capitalization is based on the number of outstanding shares around 171,65 billion USD. The Qualcomm stock was the past 12 months quite unstable. Since last December the stock is even 86 percent higher. This year the stock price moved between 58 and 153 dollar.

Historical stock prices Qualcomm past 10 years

Click here for dividend Qualcomm. At 21.33 the stock trades 4,75 percent higher at 149,91 USD.

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