Company Update: QUALCOMM, Inc. (NASDAQ:QCOM) Under Investigation

[The Street] QUALCOMM, Inc. (NASDAQ:QCOM) is under investigation for potential antitrust breaches in Europe as well as the U.S., the company disclosed Wednesday. These new antitrust probes add to legal woes the company is already facing in China, which could undermine its business opportunities there.Click Here for a Free Analysis of QCOM

Taking a look at the stock's recent performance, QUALCOMM, Inc.(QCOM) has increased 2.03% over the past week and 6.98% below its all time high and 21.67% above its 52-week low. }. The stock price of the company has yielded a return of 14% for the year and is up 7% over the past quarter. In terms of market cap, QUALCOMM is now valued at 129 billion.What are analysts saying?Research firm RBC Capital Mkts weighed in on the stock on November 6th, reiterating their Outperform rating. The firm moved its price target of the stock from $85 to $80. The consensus price target sits at $84.30. Northland Capital also recently issued a note to investors giving their outlook on the company. They reiterated their Outperform rating and moved their price target from $90 to $85.Company ProfileQUALCOMM, Inc. (NASDAQ:QCOM) designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. It operates in four segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on CDMA, OFDMA, and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses to use portions of its intellectual property portfolio, which includes patent rights useful in the manufacture and sale of various wireless products, such as products implementing CDMA2000, WCDMA, CDMA TDD, GSM/GPRS/EDGE, and OFDMA standards, as well as their derivatives. The QWI segment provides fleet management, satellite- and terrestrial-based two-way wireless information and position reporting, and other services; software and hardware to transportation and logistics companies; content enablement services for the wireless industry; push-to-talk and other software products and services for wireless network operators; and development, and other services and related products of wireless communications technologies to government agencies and their contractors, as well as builds and manages software applications that enable certain mobile location-awareness and commerce services. The QSI segment invests in early-stage companies that support the design and introduction of new products and services, as well as holds a wireless spectrum license. The company operates primarily in China, South Korea, Taiwan, and the United States. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.