QCOM

Broadcom’s Outlook Falls Short

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Telecom equipment maker Broadcom (click ticker for report: ) announced relatively decent second quarter results Tuesday afternoon, but its outlook left much to be desired. Revenue increased 6% year-over-year to $2.09 billion, slightly below consensus estimates. Earnings, excluding a sizeable impairment attributable to its NetLogic acquisition, grew 8% year-over-year to $0.70 per share, modestly exceeding consensus expectations. Free cash flow was decent at $267 million, or 13% of revenue. Broadcom acquired NetLogic for $3.7 billion in 2012, and as is often the case with acquisitions, it turns out Broadcom paid too much. NetLogic products help improve network performance for 3G and 4G devices, and at the time of the acquisition, Broadcom paid a 57% premium to acquire the firm. After … Read more

Qualcomm’s Fall Is Baffling

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Chipmaker Qualcomm (click ticker for report: ) announced wonderful second-quarter results Wednesday afternoon. Revenue jumped 24% year-over-year to $6.1 billion, exceeding consensus expectations. Non-GAAP earnings per share rose 16% year-over-year to $1.17 per share, which was also above consensus estimates. Free cash flow for the quarter jumped 10% year-over-year to $1.99 billion, equal to a whopping 33% of revenue! On the expense side, the firm did a fairly good job of keeping costs contained. Research and development costs increased 100 basis points (28% year-over-year on an absolute basis) to 20% of revenue.  Management cited development of CDMA-based 3G tech and 4G LTE technology as the main drivers, though stock-based compensation was also 24% higher year-over-year at $156 million. Because the firm is … Read more

Firms Raising Their Dividends In The Week Ending April 12

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The week ending April 12 was a light week in terms of dividend raises, but we did see some significant increases. Firms Raising Their Dividends This Week: Bank of New York Mellon (BK): now $0.15 per share quarterly dividend, was $0.13. First Merchants Corp (FRME): now $0.05 per share quarterly dividend, was $0.03. IDEX Corporation (IEX): now $0.23 per share quarterly dividend, was $0.20. Lakeland Financial (LKFN): now $0.19 per share quarterly dividend, was $0.17 Qualcomm (QCOM): now $0.35 per share quarterly dividend, was $0.25. Select Income REIT (SIR): now $0.44 per share quarterly dividend, was $0.42. Stage Stores (SSI) now $0.125 per share quarterly dividend, was $0.10. Weyerhaeuser Company (WY): now $0.20 per share quarterly dividend, was $0.17.

Could the FCC Hurt Carriers’ Profits?

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Reports have surfaced that the FCC wishes to create a free, nation-wide WiFi network in order to facilitate web and cellular traffic. Though plans are only in the initial stages (and we are not jumping to any conclusions), the government could provide the US with a high-speed network at no cost, helping to put the nation on par with the Internet service achieved in several other countries. The news does not alter our fair value estimates for companies in our coverage universe, pending new details regarding probability and timing of implementation. Understandably, the companies that currently own spectrum and experience fantastic returns on networks are a bit upset about the possibility. The high margins achieved by wireless operators Verizon (click … Read more

Qualcomm’s First Quarter was Fantastic

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Chipmaker Qualcomm (click ticker for report: ) posted a fantastic first quarter, continuing its momentum from fiscal year 2012 into 2013. Revenue surged 28% year-over-year to $6 billion, easily exceeding the consensus estimate. Non-GAAP earnings were also better than the consensus anticipated, growing 30% year-over-year to $1.26 per share (Image Source: QCOM Earnings Presentation). If there’s any beneficiary of the smartphone revolution, it is most certainly Qualcomm. Aside from perhaps the phone carriers themselves, Qualcomm is the most OEM agnostic way to play massive smartphone growth. As the above chart shows, average selling prices continue to grow, and shipments look to exceed 1 billion units in Qualcomm’s 2013 fiscal year (shown above). While there’s no doubt Qualcomm benefited from spectacular … Read more

Special Dividends: A Fantastic Idea…Fiscal Cliff Has Started a Trend

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Throughout 2012, we’ve seen a huge surge in special dividends, with 59 companies in the Russell 3000 declaring special dividends from September to November compared to just 15 during the same period last year. The impetus is obvious: the impending fiscal cliff has left both companies and investors wondering what to do with the mountains of cash sitting on pristine balance sheets and low return prospects. As a result, companies across different sectors are declaring special one-time dividends. Costco (click ticker for report: ) will pay a one-time special dividend of $7 per share (amounting to $3 billion) as a reward to shareholders, while Tyson Foods (click ticker for report: ) declared a special one-time payment of $0.20 per share. … Read more

Qualcomm Well Positioned for 2013

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Chipmaker Qualcomm (click ticker for report: ) reported strong fourth quarter results last Wednesday afternoon. Revenue surged 18% year-over-year to $4.87 billion, easily exceeding consensus estimates. Non-GAAP earnings per share jumped 11% from last year’s quarter to $0.89, several cents better than consensus expectations. For the fiscal year, Qualcomm’s free cash flow jumped 8% to $5.2 billion, driven by revenue that grew 19% year-over-year to $19.1 billion. The company continues to be an excellent OEM-agnostic play on the growth of smartphones, as it shipped 141 million of its MSM chips during the fourth quarter. In addition to strong chip sales, the company continues to capitalize on its 3G and 4G patent profile via licensing agreements, with revenue from licensing growing 15% year-over-year … Read more

Search Dividend Reports by Company Name: Q to Z

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Going forward, please use the ‘Symbol’ search box to download stock and dividend reports of companies you are interested in. The ‘Symbol’ search box can be found in our website header. Image shown from above. Use the active search box in the website header above. Learn more about your membership >>  Note: We have now discontinued this list. Please use the ‘Symbol’ search box in the website header for stock and dividend reports. Please read about our Valuentum Dividend Cushion score (ratio) here. Just having access to this valuable metric alone could save your income portfolio thousands of dollars! The past meets the future as we showcase the Valuentum Dividend Cushion scores of Dividend Aristocrats in this article (click here). The dividend reports below … Read more