Shares of QUALCOMM Incorporated (NASDAQ:QCOM) have earned a consensus rating of “Hold” from the thirty-four brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $65.88.
Several analysts have issued reports on the company. Royal Bank Of Canada boosted their price objective on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price objective on the stock in a report on Monday, November 13th. Sanford C. Bernstein restated a “hold” rating on shares of QUALCOMM in a report on Monday, November 13th. Canaccord Genuity boosted their price objective on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, November 13th. Finally, Raymond James Financial, Inc. upgraded QUALCOMM from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Wednesday, November 8th.
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Shares of QUALCOMM (NASDAQ QCOM) opened at $66.72 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. The firm has a market cap of $98,356.30, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.87 and a beta of 1.26. QUALCOMM has a 1-year low of $48.92 and a 1-year high of $70.24.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.22. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 EPS. equities research analysts anticipate that QUALCOMM will post 3.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be given a $0.57 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 annualized dividend and a dividend yield of 3.42%. QUALCOMM’s dividend payout ratio is 138.18%.
In related news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $51.88, for a total value of $245,911.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,837 shares of company stock valued at $1,512,049. 0.17% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Ronald Blue & Co. LLC lifted its position in QUALCOMM by 0.5% in the second quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock worth $208,000 after purchasing an additional 18 shares during the period. Hollencrest Securities LLC lifted its position in QUALCOMM by 0.9% in the second quarter. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company’s stock worth $241,000 after purchasing an additional 40 shares during the period. North Star Investment Management Corp. lifted its position in QUALCOMM by 0.4% in the second quarter. North Star Investment Management Corp. now owns 9,459 shares of the wireless technology company’s stock worth $522,000 after purchasing an additional 42 shares during the period. FCA Corp TX lifted its position in QUALCOMM by 0.9% in the first quarter. FCA Corp TX now owns 4,817 shares of the wireless technology company’s stock worth $276,000 after purchasing an additional 43 shares during the period. Finally, Farmers Trust Co. lifted its position in QUALCOMM by 0.9% in the second quarter. Farmers Trust Co. now owns 5,214 shares of the wireless technology company’s stock worth $288,000 after purchasing an additional 48 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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