Microsoft Corporation (NASDAQ:MSFT) and Qisda Corp. signed a worldwide patent licensing agreement that provides broad coverage under Microsoft’s patent portfolio for an array of Qisda and BenQ devices, including smartphones and tablets, running the Android and Chrome operating systems.

“Today’s agreement demonstrates the power of licensing to accelerate innovation, because it will provide Qisda with greater patent protection as it brings new devices to market,” said Nick Psyhogeos, vice president and executive director of Microsoft Technology Licensing LLC. “With this agreement, Microsoft has now entered into patent licensing collaboration agreements with nearly all the top Taiwanese original device manufacturers (ODMs). We are pleased that companies around the world continue to see the value of our patent portfolio, and view mutual respect for patents as an important element of building broader business partnerships.”

“The patent agreement with Microsoft provides additional freedom to innovate as we deliver our very own exceptional products,” said Peter Chen, president of Qisda. “As a leading innovator in the design and manufacture of electronic products, we recognize the value of intellectual property.”

Although the contents of the agreement are confidential, the parties indicate that Microsoft will receive royalties from Qisda under the agreement. (Original Source)

Shares of Microsoft closed today at $47.7, up $4.36 or 10.06%. MSFT has a 1-year high of $50.05 and a 1-year low of $38.51. The stock’s 50-day moving average is $42.07 and its 200-day moving average is $44.61.

On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report released today, Goldman Sachs analyst Heather Bellini maintained a Sell rating on MSFT, with a price target of $40, which represents a potential downside of 16.4% from where the stock is currently trading. Separately, also today, Cowen’s Gregg Moskowitz maintained a Hold rating on the stock and has a price target of $49.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Heather Bellini and Gregg Moskowitz have a total average return of 18.1% and 11.3% respectively. Bellini has a success rate of 71.8% and is ranked #154 out of 3579 analysts, while Moskowitz has a success rate of 73.7% and is ranked #717.

The street is mostly Bullish on MSFT stock. Out of 24 analysts who cover the stock, 13 suggest a Buy rating , 8 suggest a Hold and 3 recommend to Sell the stock. The 12-month average price target assigned to the stock is $47.16, which represents a slight downside potential from current levels.