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Is this Large Market Cap Stock target price reasonable for QUALCOMM Incorporated (NASDAQ:QCOM)?

The company in question is, QUALCOMM Incorporated (NASDAQ:QCOM) currently with a stock price of 60.97 (1.74% today). The market cap for QUALCOMM Incorporated is 88240.93, and is in the sector Technology, and Communication Equipment industry. The target price for QUALCOMM Incorporated is 56.91. Currently QUALCOMM Incorporated is trading with a P/E of 18.93, and a forward P/E of 12.96. Average volume for QUALCOMM Incorporated is 9605.96 and so far today it is 5999662.

Performance in the last year for QUALCOMM Incorporated has been -3.11%. For EPS growth, QUALCOMM Incorporated has seen a growth of -26.90%, and is looking to grow in the next year to 13.39%. More long term stats show that EPS growth has been 8.70% over the last five years and could be 11.33% for the next five years. QUALCOMM Incorporated has seen sales growth quarter over quarter at -19.50%, with EPS growth quarter over quarter at 23.00%. The 20-day simple moving average is 13.23%, with the 200-day simple moving average coming to 19.39%.

Since the IPO date for QUALCOMM Incorporated on the 12/16/1991, QUALCOMM Incorporated has seen performance year to date to be 22.17%. With QUALCOMM Incorporated trading at 60.97, the dividend yield is 3.54%, and the EPS is 3.17.

So could QUALCOMM Incorporated, be undervalued? Well as said before P/E is 18.93. The PEG is 1.67, P/S is 3.9 and the P/B is at 3.01. The P/cash is 5.38, with P/free cash flow at 24.81.

QUALCOMM Incorporated ability to deal with debt shows that the current ratio is 2.9, and the quick ratio is 2.7. This is with long term debt/equity at 0.34, and total debt/equity at 0.4.

In terms of margins, QUALCOMM Incorporated has a gross margin of 60.20%, an operating margin of 23.40% and a profit margin of 21.70%.Payout ratio for QUALCOMM Incorporated is 60.00%. Return on assets come to 9.70% with return on investment coming to 10.30%.

Insider ownership for QUALCOMM Incorporated, is at 0.17% and institutional ownership comes to 79.50%. Outstanding shares are at 1472.4. While shares float is 1466.74. The float short is currently 1.21%, and short ratio is 1.84.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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