Qualcomm
This stock has rolled over and is trading close to a 52-week low. Qualcomm Inc. (NASDAQ: QCOM) engages in the development and commercialization of foundational technologies for the wireless industry worldwide.
The Qualcomm CDMA Technologies segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia and global positioning system products.
The Qualcomm Technology Licensing segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and OFDMA-based 5G standards and their derivatives.
The Qualcomm Strategic Initiatives segment invests in early-stage companies in various industries (including 5G, artificial intelligence, automotive, consumer, enterprise, cloud and Internet of Things) and investment for supporting the design and introduction of new products and services for voice and data communications, new industries and applications. It also provides development and other services and related products to U.S. government agencies and their contractors.
Investors receive a 2.25% dividend. The BofA Securities price target is $150, but the consensus target is up at $171.35. After the company reported mixed quarterly results, Qualcomm stock closed 2% lower on Thursday at $135.85.
These seven top companies have been around for decades and have survived past tech selloffs. Each has a strong product or services portfolio, and all will still be around when the damage from last year is well in the rearview mirror. However, they will not be around at today’s prices.
Originally published at 24/7 Wall St.
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