1. As of noon trading, Qualcomm ( QCOM) is up $0.39 (0.61) to $64.36 on average volume Thus far, 5.3 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.4 million shares. The stock has ranged in price between $63.90-$64.50 after having opened the day at $63.90 as compared to the previous trading day's close of $63.97.

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 $110.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Tuesday. Currently there are 27 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 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, impressive record of earnings per share growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

A reminder about TheStreet Ratings group: 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.
null

If you liked this article you might like

These Stocks Are Ready to Reverse Course

Stocks Lower as GE Depresses Dow, Microsoft Dips

Petrofac Falls 30% After Suspending COO Amid Fraud Investigation

General Dynamics, Raytheon, Northrop Grumman: 'Mad Money' Lightning Round

Profits and Tax Reform News Fuel Gains: Cramer's 'Mad Money' Recap (Thursday 4/20/17)