QUALCOMM On the Verge of a Breakout: Jim Cramer

Qualcomm , Inc. (NASDAQ:QCOM) shares have lost about 14% in value year-to-date. But famous analyst Jim Cramer thinks the stock has a huge potential for a breakout because the company is working on disruptive technologies in innovative domains like Internet of Things and Connected Cars. Qualcomm , Inc. (NASDAQ:QCOM) is about to complete its $38 billion merger of the Netherlands-based semiconductor company NXP Semiconductors. Analysts think that risks associated with Qualcomm ’s royalties business would be undone after the NXP acquisition.

Qualcomm , Inc. (NASDAQ:QCOM) has a healthy dividend yield of 4.12%. The company generated $6.8 billion free cash flow in 2016, while its dividend payment was $3 billion. Qualcomm , Inc. (NASDAQ:QCOM)’s legal battles with Apple got investors worried as Apple was its primary customer. But analysts think that Qualcomm ’s smart strategy to cut its reliance on legacy business will pay off in the future.

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.