Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

Wait Wait... Don't Sell Me; We Are Raising Our FVE for Qualcomm to $75 From $68

After taking a fresh look into Qualcomm concerning the pending NXP Semiconductors acquisition, dispute with Apple, attacks on its licensing business model, and a potentially higher Broadcom bid, we are increasing our fair value estimate to $75 per share from $68. We believe this updated fair value estimate better factors in the wide range of possible outcomes faced by the firm. To arrive at our $75 fair value estimate, we assume low-single-digit growth in QCT over the next five years, coupled wi...
Underlying
Qualcomm Inc

Qualcomm is engaged in the development and commercialization of foundational technologies for the wireless industry. The company's segments include: Qualcomm CDMA Technologies, which is a developer and supplier of integrated circuits and system software based on code division multiple access, orthogonal frequency division multiple access and other technologies; Qualcomm Technology Licensing, which grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, which, among other rights, include certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products; and Qualcomm Strategic Initiatives, which makes investments.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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