If You Had Invested $1,000 in Qualcomm Stock 33 Years Ago, Here's How Much You Would Have Today

It was 33 years ago this month that Qualcomm (NASDAQ: QCOM) stock debuted. The company launched its initial public offering (IPO) to attract funding for research on code-division multiple access technology, better known by its acronym CDMA.The research in communications technology paid off, as Qualcomm became the leading chipset maker for communications. This success generated massive wealth, particularly for early investors in the semiconductor stock.A $1,000 investment in Qualcomm's IPO would be worth $450,000 today. This figure assumes reinvestment of dividends paid to investors. The company initiated the dividend in 2003 and has increased the total annual amount every year since that time. Not including those dividends, the returns would leave an investor with just under $300,000 in Qualcomm stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool