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Mizuho Securities disclosed Qualcomm (NASDAQ:QCOM), hiking its price target to $75.00 earlier today

Reporting a potential upside of 0.11%, Mizuho Securities upped the price target of Qualcomm (NASDAQ:QCOM) to $75.00

Having a price of $67.45, Qualcomm (NASDAQ:QCOM) traded 6.30% higher on the day. With the last stock price up 20.09% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. QCOM has recorded a 50-day average of $62.78 and a two hundred day average of $56.17. Trade Volume was up over the average, with 43,098,784 shares of QCOM changing hands over the typical 8,783,190

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Qualcomm (NASDAQ:QCOM)

Qualcomm has PE ratio of 19.75 with a one year low of $42.24 and a one year high of $68.83 and has a market capitalization of $0.

A total of 25 brokerages have released a report on Qualcomm. Seven brokerages rating the company a strong buy, ten brokerages rating the company a buy, sixteen brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $57.19.

General Company Details For Qualcomm (NASDAQ:QCOM)

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. The Company's segments include QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives). The Company also develops and commercializes a range of other technologies used in handsets and tablets that contribute to end user demand. The Company's products principally consist of integrated circuits (chips or chipsets) and system software used in mobile devices and in wireless networks.

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