Qualcomm (QCOM) Stock: The Biggest Screaming Buy in the Tech Sector

Qualcomm, Inc. (QCOM), is the world’s largest supplier of smartphone chips, a $122 billion technology giant. It boasts a robust army of high-value patents that it licenses out to heavy-hitters like Apple Inc. (AAPL), Samsung (SSNLF), and LG Display Co Ltd. (ADR) (LPL).
Yet QCOM stock has been a lackluster performer in 2014, with its 2% loss lagging the S&P 500 by more than 13 percentage points.
In light of its sluggish year, QCOM stock now trades at a forward price-to-earnings ratio below 13 — making it more conservatively valued than peers like Broadcom Corporation (BRCM), Intel Corporation (INTC), and Texas Instruments Incorporated (TXN).  (more)

Please share this article