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