NEW YORK (

TheStreet

) --

Qualcomm

(Nasdaq:

QCOM

) hit a new 52-week high Monday as it traded at $59.50 compared with its previous 52-Week high of $59.43. Qualcomm is changing hands at $59.46 with 1.8 million shares traded as of 10:07 a.m. ET. Average volume has been 14.2 million shares over the past 30 days.

Qualcomm has a market cap of $95 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 19.3% year to date as of the close of trading on Friday.

QUALCOMM Incorporated engages in the development, design, manufacture, and marketing of digital wireless telecommunications products and services. The company has a P/E ratio of 26.6, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Qualcomm Ratings Report

.

See all

52-week high stocks

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