Qualcomm Inc
QCOM: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$417.00 | Pkzwm | Thvyzrt |
Qualcomm Earnings: A Slow and Steady Recovery in Smartphone Demand
Narrow-moat Qualcomm reported solid fiscal fourth-quarter results and provided investors with a decent outlook for the December quarter, as the company foresees an ongoing recovery in Android-based smartphone demand, especially among Chinese device makers. Further, we surmise that demand for chips going into Apple’s latest iPhones seems to be holding up well. We maintain our $140 fair value estimate and continue to view shares as undervalued.