3. As of noon trading, Qualcomm ( QCOM) is down $0.36 (-0.5%) to $66.92 on average volume Thus far, 5.6 million shares of Qualcomm exchanged hands as compared to its average daily volume of 11.2 million shares. The stock has ranged in price between $66.62-$67.60 after having opened the day at $67.24 as compared to the previous trading day's close of $67.28. 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 $113.3 billion and is part of the technology sector. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Wednesday. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Qualcomm Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.