What’s Goldman Sachs’s View on Corning and Qualcomm?

Corning

In the top-growing dividend stocks, Goldman Sachs (GS) also included two technology stocks—Corning (GLW) and Qualcomm (QCOM).

What’s Goldman Sachs’s View on Corning and Qualcomm?

Corning is a diversified electronics company. It operates in various segments such as Optical Communications, Display Technologies, and Environmental Technologies. The stock returned 26.9% on a YTD (year-to-date) basis as of August 24, 2016. Currently, it’s trading at a PE (price-to-earnings) multiple of 12.53x. Its quarterly earnings met analysts’ expectation in 2015. In 2Q16, it provided EPS (earnings per share) of $0.37—it beat analysts’ consensus estimate of $0.32. Currently, the stock’s dividend yield is 2.4%. According to Goldman Sachs, the dividend yield of this stock will increase gradually.

What’s Goldman Sachs’s View on Corning and Qualcomm?

Qualcomm

Qualcomm (QCOM) is a communication equipment company that develops, manufactures, and distributes digital communication products and services in China (YINN) (MCHI) (ASHR), South Korea, and the US (QQQ) (IWM). The stock returned 25% on a YTD (year-to-date) basis as of August 24, 2016. Currently, it’s trading at a PE (price-to-earnings) multiple of 18.40x. In 2Q16, it provided EPS (earnings per share) of $1.16—it beat analysts’ consensus estimate of $0.97. Currently, the stock’s dividend yield is at 3.3%. According to Goldman Sachs, the stock’s dividend yield will increase gradually. Bob Doll, a senior portfolio manager and chief equity strategist at Nuveen Asset Management, also had a positive stance on Qualcomm. Read Where Should Investors Look in the Slower Growth Environment? to learn more.