The Online Investor
QCOM Buyback image

Qualcomm Incorporated Buyback

OLI recorded this information on 9/13/2018

Company: Qualcomm Incorporated
Buyback: QCOM buyback
$Amount Authorized: $16,000,000,000
Buyback Details: Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into accelerated share repurchase agreements (ASR Agreements) with each of Bank of America, N.A., Citibank, N.A. and Morgan Stanley & Co. LLC to repurchase an aggregate of $16 billion of Qualcomm's common stock, with an initial delivery to Qualcomm of approximately 178 million shares in the aggregate. The final number of shares to be repurchased will be based on the volume-weighted average price of Qualcomm's common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. Qualcomm is funding the accelerated share repurchase with existing cash resources.

Qualcomm is engaged in the development and commercialization of foundational technologies for the wireless industry. Co.'s reportable segments include: Qualcomm CDMA Technologies, which is a developer and supplier of integrated circuits and system software based on third generation/fourth generation/fifth generation and other technologies; Qualcomm Technology Licensing, which grants licenses or otherwise provides rights to use portions of Co.'s intellectual property portfolio, which, among other rights, includes certain patent rights essential to and/or useful in the manufacture, sale and/or use of certain wireless products; and Qualcomm Strategic Initiatives, which makes investments.

Qualcomm SEC Filing Email Alerts Service

Open the QCOM Page at The Online Investor »

Company Name: 
Qualcomm Inc
Stock buyback: 
QCOM buyback
Website: 
www.qualcomm.com
Sector: 
Manufacturing
Number of ETFs Holding QCOM: 
131
Total Market Value Held by ETFs: 
$20.41B
Total Market Capitalization: 
$145.44B
% of Market Cap. Held by ETFs: 
14.04%
 

Open the QCOM Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Buy (3.21 out of 4)
42nd percentile
(ranked lower than approx. 58% of all stocks covered)

Analysts' Target Price:
QCOM Stock Forecast

Based on Zacks ABR data;
powered by Xignite

QCOM Buyback Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.