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)
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