2. As of noon trading, Qualcomm ( QCOM) is up $1.50 (2.5%) to $61.33 on average volume Thus far, 8.3 million shares of Qualcomm exchanged hands as compared to its average daily volume of 11.5 million shares. The stock has ranged in price between $59.90-$61.38 after having opened the day at $60.21 as compared to the previous trading day's close of $59.83.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $106.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 14.7% year to date as of the close of trading on Friday. Currently there are 31 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 3 rate it a hold.

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

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