NEW YORK ( TheStreet) -- This is a busy week for technology earnings. Apple (AAPL) reports results Tuesday and Qualcomm ( QCOM ) shares its second-quarter results Wednesday. Investors should anticipate the release shortly after the market closes.Apple's results have the potential to influence the expected results of Qualcomm. Texas Instruments (TXN) is a Qualcomm peer that reported Monday. You will want to keep track of industry observations from Texas Instruments for clues of what to expect from Qualcomm.
The last time Qualcomm missed was for the third quarter, reported on July 18, 2012. It wasn't much of a miss (only 1 cent) and was "close enough" for Wall Street. Shares jumped higher the next day and have trended mostly higher since. After Qualcomm's last report on Jan, 30, the shares closed before the release at $63.53 and opened the next day at $67.08, an increase of over 5%. Analysts have lower expectations for this quarter compared to last quarter. Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. The stock appreciated 2% in the last year; however, the average analyst target price is quite bullish at $75.39.