Qualcomm Rises On Unusually High Volume (QCOM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Qualcomm (Nasdaq: QCOM) is trading at unusually high volume Thursday with 25.4 million shares changing hands. It is currently at two times its average daily volume and trading up $2.57 (+4%) at $66.10 as of 3:55 p.m. ET.

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Qualcomm has a market cap of $109.31 billion and is part of the technology sector and telecommunications industry. Shares are up 2.6% year to date as of the close of trading on Wednesday.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7.

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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Qualcomm Ratings Report.

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