Media headlines about QUALCOMM (NASDAQ:QCOM) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. QUALCOMM earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned headlines about the wireless technology company an impact score of 44.2495899948952 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of QUALCOMM opened at $58.50 on Friday, according to Marketbeat. The company has a quick ratio of 3.46, a current ratio of 3.60 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $87.18 billion, a P/E ratio of 15.48, a PEG ratio of 1.89 and a beta of 1.50. QUALCOMM has a 52-week low of $48.56 and a 52-week high of $69.28.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 25th. The wireless technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.21 billion. QUALCOMM had a positive return on equity of 16.48% and a negative net margin of 20.16%. QUALCOMM’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. analysts anticipate that QUALCOMM will post 2.71 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Wednesday, May 30th were issued a $0.62 dividend. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Tuesday, May 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.24%. QUALCOMM’s payout ratio is presently 65.61%.
QUALCOMM announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 9th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the wireless technology company to buy up to 12.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
Several equities research analysts have weighed in on QCOM shares. Deutsche Bank assumed coverage on QUALCOMM in a research note on Thursday, March 15th. They set a “hold” rating and a $60.00 price objective on the stock. Wells Fargo & Co assumed coverage on QUALCOMM in a research note on Friday, March 16th. They set a “market perform” rating on the stock. Morgan Stanley assumed coverage on QUALCOMM in a research note on Monday, March 19th. They set an “underweight” rating and a $55.00 target price on the stock. BidaskClub cut QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 22nd. Finally, UBS Group assumed coverage on QUALCOMM in a research note on Thursday, April 5th. They set a “neutral” rating and a $56.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. QUALCOMM currently has an average rating of “Hold” and a consensus target price of $63.50.
In other QUALCOMM news, EVP Alexander H. Rogers sold 662 shares of the company’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $50.75, for a total transaction of $33,596.50. Following the completion of the sale, the executive vice president now owns 8,132 shares in the company, valued at $412,699. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Donald J. Rosenberg sold 11,670 shares of the company’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $53.01, for a total value of $618,626.70. The disclosure for this sale can be found here. Insiders sold 30,129 shares of company stock valued at $1,605,378 in the last quarter. 0.17% of the stock is owned by company insiders.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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