Monday, August 28, 2017

Recent Buy - QUALCOMM Incorporated (QCOM)

Friday August 25, I bought 25 shares of QUALCOMM Incorporated at $ 52.13 per share plus commission.

QUALCOMM Incorporated develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of certain wireless products comprising products implementing CDMA2000, WCDMA, CDMA TDD, and/or LTE standards, as well as their derivatives. The QSI segment invests in early-stage companies in various industries, including digital media, e-commerce, healthcare, and wearable devices for supporting the design and introduction of new products and services for voice and data communications. The company also develops and offers products for implementation of small cells; mobile health products and services; software products, and content and push-to-talk enablement services to wireless operators; and development, and other services and related products to the United States government agencies and their contractors. In addition, it licenses chipset technology and products for data centers. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.

QCOM is a Dividend Contenders with a 15 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 11.3, 16.8 , 19.9 and 16.5. (DividendChampions.xls) QUALCOMM Incorporated now pays dividends of $ 0.57 per share normally in March, June, September and December.

If you are interested, you can read analysis of QUALCOMM Incorporated by Bob Ciura at Sure Dividend here and by Jason Fieber, Mr. Free at 33 at Daily Trade Alert here.

Details of my purchase:

As you can see, on Friday I also added some IPL.TO shares to my portfolio.

Some ratings for QCOM:

    Yahoo:  Mean Recommendation 2.4, 1y Target Est $ 59.89
    Reuters: Mean Rating 2.39
    Morningstar:  (****) 

At today's exchange rate, this purchase 25 shares of QCOM will increase € 35.59 ($ 42.47) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 10,920.00. With purchase price $ 52.13 plus commission ($ 5.00) my starting yield on cost is 4.36%. After this acquisition, QCOM's weight of my portfolio is about 0.30% and its share of future annual dividend income is approximately 0.33%. I hope QCOM's price remains at these levels or falls to allow me to double my ownership in October or November.

Click here to see my portfolio.

Full Disclosure: Long QCOM, IPL.TO 

Thanks for stopping by!


  1. I think I like this buy. I just wrote about investing in the tech space a few days ago and wonder which tech stock should be my first. I like QCOM, CSCO and MSFT though MSFT still looks quite expensive. Thanks for sharing.

  2. Hawk -

    25 Shares on the 25th - coincidence? Congrats!


  3. Nice Hawk, I was just writing up my purchase of QCOM from earlier this month. I like this weakness it's been showing and think it has the chance for a big finish to the year. Keep on stackin' em!