Recent Buy

ID-100426334-300x300 Recent BuyI purchased more shares of Qualcomm Inc (QCOM).

22 Shares @ $55.08 on 5-15-2017

This will increase my forward 12-months dividend income by $50.16 to a total of $3,635.66

I updated my Portfolio to reflect the change.

I find QCOM to be a great buy at these level. Matter fact this is my second buy of QCOM. My first buy was a few weeks ago. Here are some numbers to prove why I think it is a great buy right now.

 

Current PE: 18.67

Forward PE: 13.79

2016 EPS: $4.44

2017 Estimate EPS: $4.22

2018 Estimate EPS: $4.63

Dividend Payout: 70.67%

Currently, the Divided yield is at 4.06%. The 5-year average is 2.44%  The payout is somewhat on the high side but that is ok. QCOM has an A+ S&P Credit rating and 22% debt/cap.

S&P Capital IQ Fair Value: $59.40

Yahoo.com Price Target: $60.72

finbox.io Fair Value: $63.46

My DDM Analysis: $79.50

As you see above, QCOM is very much undervalued right now. I plan to add more at this level as money becomes available to me.

Thanks for reading.

Do you like QCOM at these prices? What have you been buying?

Image by Sira Anamwong at FreeDigitalPhotos.net

Comments

  1. Very nice purchase! Been keeping an eye on QCOM and am seeing a lot of different bloggers adding them to their portfolio. Congrats on the additional forward income in your portfolio.

    Bert

  2. Nice pick up. QCOM is one of my May considerations but I have not pulled the trigger yet. If I do it would be my first tech stock in my long term portfolio. Nice way to keep padding your dividend income stream.

    • Thanks DivHut! QCOM looks great right now at current levels. I am going to hold my current shares and only buy more if it goes under my cost basis. Thanks for stopping by!!

  3. Hi, Fiscal Voyage!

    I like QCOM, especially for its dividend yield of 3.95%! The company has been growing its dividend at quite a pace! Good buy and happy investing!

    Cheers
    FerdiS, DivGro

  4. I started up a Dividend Meter back in Sept 2016 within my Vanguard IRA. Most of it is just riding it out in VSTAX but about $32K is in stocks like MO, ABBV, KO, WDR and a bunch of other dividend aristocrats. I am up to about $440 in dividend income so far this year. My little pot of money is small but I like to watch it grow.

    • You have to start somewhere. I remember when I was making less than $10 a month. Just keep saving and investing. have a great day and thank you for stoping by.

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