Qualcomm Incorporated Buyback
OLI recorded this information on 10/12/2021
Company:
Qualcomm Incorporated
Buyback:
QCOM buyback
$Amount Authorized:
$10,900,000,000
Buyback Details:
Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved, effective immediately, a new $10.0 billion stock repurchase authorization. The new stock repurchase authorization is in addition to the Company's stock repurchase program announced in July 2018, which has $0.9 billion of repurchase authority remaining.
Qualcomm engages in the development and commercialization of foundational technologies for the wireless industry. Co.'s segments are: Qualcomm Code Division Multiple Access 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 its intellectual property portfolio, that, 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.
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Buy (3.08 out of 4) 34th percentile
(ranked lower than approx. 66% of all stocks covered)
Analysts' Target Price: QCOM Stock Forecast Based on Zacks ABR data; powered by Xignite |