PREVIEW: Qualcomm shares edge up; results due after the bell

Shares of Qualcomm QCOM.O up 0.2% in Wed afternoon trading, with the chipmaker seen reporting higher yr-over-yr qtrly rev in its results due after the closing bell

The broader mkt is lower on the day

Qualcomm is expected to show report fiscal Q2 rev of $10.66 bln vs $9.39 bln in the yr-ago period, and EPS of $2.82/shr vs $2.44 a yr ago, according to LSEG

Investors are looking for any details on potential impact from the China-U.S. trade war on rev

Analyst recommendations on the stock include 21 "strong buy" or "buy" ratings, 19 "hold" ratings and one "sell" rating

Earlier this week, Bernstein cut its PT on QCOM to $185 from $215

The median 12-mo PT for Qualcomm is $185; the stock was last at $147.55

On Tuesday, British semiconductor company Alphawave IP Group AWE.L said the UK takeover panel has extended the deadline for a takeover offer by Qualcomm to May 12.

Including the session move, QCOM is down more than 4% YTD compared with a more than 10% decline in the Nasdaq .IXIC