I 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