Here's How Much Stock Qualcomm Repurchased in the Past Year
Tech giant Qualcomm (NASDAQ: QCOM) makes leading modem chips for smartphones and owns the key patents in cellular technology. Qualcomm has also recently invested in new growth markets such as automotive and Internet of Things chips.
As a large technology blue chip stock, Qualcomm has also been a regular repurchaser of its own stock. But how effective have these repurchases really been?
Qualcomm typically repurchases its stock in a consistent manner, buying back $2.05 billion over the past 12 months. Those buybacks also look well timed. Over the past 12 months, Qualcomm's stock is up 45%. So, those share repurchases look smart in the sense that Qualcomm bought back shares while they were undervalued.
Source Fool.com
Qualcomm Inc. Stock
€188.12
-0.700%
The stock is one of the favorites of our community with 39 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 186 € is below the current price of 188.12 € for Qualcomm Inc., so the potential is actually -1.13%.
