Qualcomm (QCOM-Q)

He likes them without them buying Intel. It is one of the cheapest players in the chip space from a multiples perspective. For example Apple's P/E is near 40 but Qualcomm's is 25. They are working on new semi-conductor technology. He thinks it will re-visit its highs relatively soon, and considers it more of a trade than an investment.          Buy 29  Hold 14  Sell 1

A play in the semiconductor space, if you really want to take some risk.

He sold some when it got above $200, then bought back below $150. It's 2% of his portfolio; when it gets to 2.5%, he brings it back to 2%. If it goes below 2%, he brings it back up. Likes it long term. 

The negative is repeated fights with AAPL; if the relationship ends, looking at $20 downside. Sexy side is AI on a chip; if that comes through, probably $70-80 upside.

It has been the beneficiary of the AI boom and he is not active in that space which is cyclical with high multiples. Also the big techs ate starting to produce their own chips.

A royalty play in semis. You get an Apple scare from time to time, that Apple will stop using their chips (8-10% of QCOM's overall business). But he expects QCOM to keep making chips for Apple, but the future trend will be big companies making their own chips. He'd buy pullbacks but expects an uptick in shares by year's end.

She prefers QCOM as a long-term hold. 9/10 on fundamentals. Small pullback presents a great entry point, still upside. Has participated in the chip rally. Wait for more of a pullback, as the broadening across other sectors will continue to bring up the market.

The whole mobile network works on Qualcomm technology. It has a connection to AI since it owns patents for robotic cars to talk to each other, although this is 5 to 10 years away. It became an AI play last fall. He still holds a core position.

It has stunk the previous two years, but  broken out and will continue to rally. Their chips are powering MSFT's tablets, and there's more to come.

Has just added more shares and owned this while, despite shares lagging in recent weeks. It's well-positioned considering Apple. Also, it pays nearly a 2% dividend. Will buy more if this pulls back.

Pretty fully priced, he took profit. He deploys profits into other names with decent runways. To determine if fully priced, he reviews the published analysts' price targets and does his own.

Like Nvidia, though growth and volatility are a little less. Their deal with Microsoft of putting chips into PCs is great. And Apple extended their partnership by a year. Grows at 15% at a good 20x PE.

Last week, MSFT announced they will put Qualcomm chips in their tablets which was powerful news. So, the forward PE has risen to 18x, high for the company, and so are price targets but deserved

None of the chip companies should be considered a long-term hold. Very cyclical sector. Great space, but be selective. This name has diversification to offset some of that risk, with good exposure to AI.

They dominate chips for phones, but phone sales were declining post-pandemic and everyone's got 5G. Also, Apple was talking about building its own chip, but eventually didn't. Shares have run up, but he targets $180. Trades at 16x PE and pays a 2.5% dividend. QCOM is also specializes in assisted driving systems.