Market Overview

UPDATE: Goldman Sachs Reiterates Buy Rating on QUALCOMM; Buyback Positive for the Stock

Related QCOM
Barron's Recap: Impact Investing Done Right
Early Global News: Clinton's $275 Billion Infrastructure Plan, US Proximity Mobile Payment Transactions to Reach $8.71 Billion And More
Qualcomm vs. Samsung (Investor's Business Daily)

In a report published Tuesday, Goldman Sachs reiterated its Buy rating on QUALCOMM (NASDAQ: QCOM) and keeps its price target at $80.00.

Goldman Sachs reported that, “Qualcomm announced a 40% dividend increase, raising its quarterly dividend to $0.35 from $0.25, effective for dividends payable after March 27, 2013. Qualcomm also announced a $5.0bn stock repurchase program, replacing the prior $4.0bn stock repurchase program, of which $2.5bn was remaining. The new stock repurchase program has no expiration date."

QUALCOMM shares closed at $66.63 on Monday.

Latest Ratings for QCOM

Nov 2015NomuraDowngradesBuyNeutral
Oct 2015BarclaysMaintainsOutperform
Sep 2015JP MorganAssumesNeutral

View More Analyst Ratings for QCOM
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Reiteration Analyst Ratings


Related Articles (QCOM)

View Comments and Join the Discussion!

Get Benzinga's Newsletters