Wednesday, April 22, 2015

Recent Buy: Qualcomm Inc

Apr 17, 2015: Bought 37 shares of QCOM at $68.01 per share.

Qualcomm Inc (NASDAQ:QCOM) designs, manufactures and markets digital communication products and services based on the company's CDMA digital technology. The company's products consist of integrated circuits and system software used in voice and data communications, networking, application processing, multimedia, and global positioning system products. QCOM was founded in 1985 and is headquartered in San Diego, California.

QCOM is the Information Technology sector winner and 2nd ranked stock in the April 2015 edition of my 10 Dividend Growth Stocks article series. The company has a 13-year streak of consecutive dividend increases and pays quarterly dividends of 48¢ per share in the months of March, June, September and December.

My buy price of $68.01 results in an initial yield on cost (YoC) of 2.82%. To see my analysis of QCOM and the reasons I bought shares, please read this Seeking Alpha article.

12 comments :

  1. I have been seeing a lot of fellow bloggers buying stocks lately.

    Great company at great price. I can't wait to own QCOM.

    BeSmartRich

    ReplyDelete
    Replies
    1. Hi, thanks for stopping by. I've been eyeing QCOM for a while and looking for a good entry points. I'm a little heavy in Information Technology now, but that's OK -- I think there are some good growth prospects out there.

      Take care!

      Delete
  2. Great buy. I've had my eyes on this one for a while. Keep chugging along. Your recent purchases have been great picks.

    Dividend Dreams

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    Replies
    1. Thanks, Dividend Dreams -- as you say, I'm chugging along... my 2015 goals are stretching and I'm doing my best to position the portfolio for success. We'll see how it goes...

      Delete
  3. I need to take a deeper look at QCOM also CSCO. I wouldn't mind upping my tech exposure a little bit. QCOM looks pretty solid from a valuation standpoint but I need to learn their technology a bit more and read through several annual reports. They're a little bit trickier than just selling soap. Thanks for the update.

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    Replies
    1. I agree. I'm in this industry and QCOM certainly is one of the more complex Tech company's to get an understanding of. (The have something like 17,000 patents). A large part of QCOM's income is highly profitable royalty income. But there are risks involved with that, as I tried to point out in the writeup.

      Take care -- I'd be curious to hear what you think of QCOM and CSCO.

      Delete
  4. I like QCOM. It's been beaten down for about a year now, so hopefully, you it goes back to that $80 level for you.

    ReplyDelete
    Replies
    1. You're right -- its been going down for a year now. Gave me an opportunity to get in at a reasonable price. We'll see where it goes from here... frankly, I don't really mind if it stagnates, as long as it continues to pay dividends and raise them at a reasonable rate!

      Delete
  5. No tech for me in my portfolio. I can understand why others might want some tech names such as CSCO, AAPL or QCOM but the volatility is just too high for my taste. Thanks for sharing.

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    Replies
    1. To each, his own. I now own 4 tech stocks in DivGro, IBM, INTC, MSFT, and QCOM. Thats 4 out of 44 stocks, which, in my view, is quite fine. Take care!

      Delete
  6. A friend of mine has been pushing the merits of QCOM for many years. I wish I would have listened to him those years ago. Hindsight is always 20/20. Anyhow, I think your QCOM purchase is a great move. The company is in high demand. You will benefit from that demand. Good luck.

    Keep cranking,

    Robert the DividendDreamer
    AKA -- Seeking Dividends

    Follow me on Twitter-- Seeking Dividends@DividendDreamer

    ReplyDelete
    Replies
    1. Thanks for commenting, dividenddreamer. Good to hear that QCOM has some other supporters! I'm looking forward to seeing you QCOM will perform over the years.

      Take care!

      Delete

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