News stories about QUALCOMM (NASDAQ:QCOM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. QUALCOMM earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the wireless technology company an impact score of 46.4727507691157 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several equities research analysts have recently commented on QCOM shares. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price objective for the company in a research note on Monday, November 13th. Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Canaccord Genuity upped their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Citigroup upped their price objective on shares of QUALCOMM from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Standpoint Research downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. QUALCOMM presently has an average rating of “Hold” and a consensus price target of $66.06.
QUALCOMM (NASDAQ QCOM) opened at $65.38 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 company has a market cap of $96,380.00, a price-to-earnings ratio of 39.62, a P/E/G ratio of 1.85 and a beta of 1.39. QUALCOMM has a 52-week low of $48.92 and a 52-week high of $69.28.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the firm posted $1.28 EPS. The company’s revenue was down 3.5% on a year-over-year basis. research analysts predict 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 Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.49%. QUALCOMM’s payout ratio is currently 138.18%.
In other news, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $60.44, for a total value of $1,208,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The disclosure for this sale can be found here. Insiders have sold a total of 72,989 shares of company stock worth $4,678,794 over the last three months. 0.17% of the stock is currently owned by insiders.
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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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