Multinational semiconductor firm, Qualcomm's shares are showing upward trend and more stability as it released its new Drone platform.
According to the report by TheStreet, a global semiconductor company, known as QUALCOMM Inc. (NASDAQ:QCOM) shares are improving by 1.32% to $55.04 on Thursday as the company released a new platform for consumer drones, named as Qualcom Snapdragon Flight.
Senior Vice President of Qualcomm technologies, Raj Talluri, affirmed some line regarding their new release. He said that the Snapdragon Flight is delivering technologies that have delineate the mobile industry over a single board, empowering OEMs to build drones that have less weight, easy to operate, and economical with long battery backup and superior configurations.
Moreover, the platform also put forward some advanced aspects, such as 4K camera for video, couple of cameras for depth, and one camera for indoor balance, according to Fast Company. The company acknowledged that its first customer is Chinese drone maker Yuneec.
Individually, TheStreet Ratings team recommended a hold rating to the Qualcom stock and put forward the grade C+ to the company. The stock specialist team from TheStreet gave a brief account regarding their suggested rating.
They concluded a hold rate for the organization. The basic factor that have affected their rating are mixed, some mentioned potential, few indicating weaknesses, with few documentations to justify the anticipation of negative or positive progress for this stock parallel to other stocks. The association’s potential can be observed in many areas including its highly strong financial position with justifiable credit levels by most evaluations, increasing profit ranges and eminent return on equity. However to overcome these potentials, they also find instabilities as well as decreasing net income, weak executing cash flow, and a typically displeasing progress in the stock itself.
TheStreet Rating team concluded some recommendation and estimations over the company based on their analysis, which includes the following:
The company’s EPS showed a downward steep by 44.3% during the most recent quarter against the same quarter last year. The semiconductor company has stated unstable earnings lately. However, it stood for the earnings per growth in the upcoming year. In the past budgetary year, the organization raised its bottom line by making $4.40 compared to the $3.91 during the last year. It is expected that these earnings will show an improvement in earnings; i.e., $4.60 against $4.40.
Currently, the company’s debt to equity ratio stands at 0.33, which is below the industry average, indicating that there has been fortunate management of credit levels. With respect to this, it maintains a rapid ratio around 3.83, which describes the capability to cover cash requirements.
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