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. Conference calls are occasionally insightful for gauging the health of a particular space. Texas Instruments' conference call was expected after the earnings release. Qualcomm investors should expect an impact on Qualcomm shares if any unforeseen related market conditions were revealed. QCOM data by YCharts 52-Week Range: $53.09 to $68.50 Price To Book: 3.1 The analysts consensus profit appraisal is presently $1.16 a share, a gain of 15 cents (12.9%) from $1.01 during the corresponding quarter last year. The lowest analyst estimate this report is $1.12 per share, and the highest is $1.22 per share. If Qualcomm beats this week, the company will have only missed one quarter out of the last 14.
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.
Forget about short-sellers zeroing in on Qualcomm -- almost zero desire with only 0.8% of the float shorted. That's a lower rate than Apple even at Apple's $700 per share peak. Qualcomm investors appear to be in good shape now, and I expect the same after the company releases earnings. If you're an investor wanting to lower your volatility this week, look to sell the May $70 calls for 20 cents or more if your transaction costs are not cost-prohibitive. QCOM Revenue Quarterly data by YCharts At the time of publication the author had no position in any of the stocks mentioned. Follow @RobertWeinstein This article was written by an independent contributor, separate from TheStreet's regular news coverage.