Qualcomm (QCOM) shares cut at HSBC on 'lack of catalysts'

Qualcomm (QCOM) Declares $0.85 Quarterly Dividend; 1.6% Yield

Qualcomm (NASDAQ: QCOM) declared a quarterly dividend of $0.85 per share, or $3.4 annualized.

The dividend will be payable on September 26, 2024, to stockholders of record on September 5, 2024, with an ex-dividend date of September 4, 2024.

The annual yield on the dividend is 1.6... More

Qualcomm (QCOM) PT Raised to $250 at Susquehanna

Susquehanna analyst Christopher Rolland raised the price target on Qualcomm (NASDAQ: QCOM) to $250.00 (from $205.00) while maintaining a Positive rating.... More

HSBC Downgrades Qualcomm (QCOM) to Hold

(Updated - July 17, 2024 8:07 AM EDT)

HSBC analyst Frank Lee downgraded Qualcomm (NASDAQ: QCOM) from Buy to Hold with a price target of $200.00 (from $190.00).

The analyst comments "AI PC narrative not as bullish as earlier expected post Computex: In our 13 June Asia Technology report, we acknowledged that there are over... More

Citi expects a positive earnings season for chip stocks. Here are their top picks

Citi analysts are bullish on the semiconductor sector, anticipating a strong 2Q24 earnings season driven by AI growth, inventory replenishment in the industrial sector, and stabilization in key end markets like PCs, wireless, and data centers.

"We expect the 2Q24 earnings season to be a positive catalyst for the semi space with aggregate estimates moving higher," Citi said in a note to clients Monday.

They stated that AI remains a significant driver, with expanding demand from government agencies, universities, and businesses of various sizes.... More

Qualcomm (QCOM) PT Raised to $220 at Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the price target on Qualcomm (NASDAQ: QCOM) to $220.00 (from $172.00) while maintaining a Equalweight rating.... More

Qualcomm (QCOM) PT Raised to $200 at Citi

Citi analyst Christopher Danely raised the price target on Qualcomm (NASDAQ: QCOM) to $200.00 (from $170.00) while maintaining a Neutral rating.... More

This IT stock is 'yet-to-be discovered AI play'

In a recent note to clients, Jefferies analysts initiated research coverage on a software company they describe as a firmware leader and yet-to-be-discovered AI play, giving it a Buy rating.

The company in question is Insyde, a 26-year-old Taiwanese company that became one of the leading PC BIOS vendors with over 50% market share by playing a key role in the industrys transition from legacy BIOS to UEFI.

Moreover, the company has expanded into the server BIOS and BMC firmware market, which accounted for approximately 20% and 10% of its 2023 revenue, respectively.

According to Jefferies, Insyde has established strong... More