Qualcomm (QCOM) Declares $0.48 Quarterly Dividend; 3% Yield

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Go back to Qualcomm (QCOM) Declares $0.48 Quarterly Dividend; 3% Yield

Canaccord Genuity Cuts Price Target on Qualcomm (QCOM) Following Weak Android Smartphone Sales

July 8, 2015 9:23 AM EDT

Canaccord Genuity maintains a Buy rating on Qualcomm (NASDAQ: QCOM), and cut the price target to $77.00 (from $80.00), due to weaker high-end Android smartphone sales. While near-term dynamics continue to negatively impact F2015 estimates, Analyst Michael Walkley anticipates gradually recovering earnings growth in F2016.

Walkley commented, "Due to... More