QUALCOMM Inc. (NASDAQ:QCOM) traded today at a new 12-month high of $188.76. This new high was reached on below average trading volume as 2.6 million shares traded hands, while the average 30-day volume is approximately 11.7 million shares.
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company’s key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks. The firm is a leader in 5G network technology as well. Qualcomm’s IP is licensed by virtually all wireless device makers. The firm is also the world’s largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones and chips into automotive and Internet of Things markets.
QUALCOMM Inc. defies analysts with a current price ($187.76) 1.6% above its average consensus price target of $184.71.
In the past 12 months, QUALCOMM Inc. share prices are bracketed by a low of $122.17 and a high of $188.76 and are now at $187.76, 54% above that low price.
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