2. As of noon trading, Qualcomm ( QCOM) is down $0.61 (-0.8%) to $72.31 on light volume. Thus far, 2.4 million shares of Qualcomm exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $72.30-$73.00 after having opened the day at $72.70 as compared to the previous trading day's close of $72.92. QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $123.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 17.7% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 6 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, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Qualcomm Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.