4. Qualcomm (QCOM) designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access technology and other technologies.
In October, the company announced a quarterly cash dividend of 21 cents. Currently, the stock is trading with a dividend yield of 1.5% and one-year dividend growth of 12.8%, as per data compiled by Bloomberg.
Revenue for fiscal 2011 stood at $15.0 billion, up 31.3%, while net income was up 43% to $4.3 billion. Cash and cash equivalents at the end the year increased to $5.4 billion from $3.5 billion, up 54% compared to fiscal 2010.For full year 2012, QCOM expects revenue in the range of $18 billion to $19 billion and diluted EPS of $2.80 to $3.00. For the first quarter of 2012, it expects revenue between $4.35 billion and $4.75 billion and diluted EPS of 70 cents to 76 cents. In November, the company acquired HaloIPT and its wireless electric vehicle charging technology. Of the 44 analysts covering the stock, 84% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg foresee the stock gaining an average 24.4% to $66.54 in the upcoming 12 months.
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