NEW YORK (TheStreet) -- Shares of Qualcomm (QCOM) were declining in mid-afternoon trading on Tuesday ahead of the company's 2016 fiscal fourth quarter results, due out after tomorrow's closing bell.

Wall Street is expecting earnings and revenue to rise year-over-year.

Analysts surveyed by FactSet are forecasting adjusted earnings of $1.13 per share on revenue of $5.86 billion.

During the same period last year, the San Diego-based semiconductor company earned 91 cents per share on revenue of $5.45 billion.

Last week, Qualcomm agreed to acquire NXP Semiconductors (NXPI) for about $47 billion, or $110 per share, in cash.

(Qualcomm is held in David Peltier's Dividend Stock Advisor portfolio. See all of his holdings with a free trial.)

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. 

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: QCOM

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