Negative Media Coverage Extremely Likely to Impact QUALCOMM (QCOM) Stock Price

Press coverage about QUALCOMM (NASDAQ:QCOM) has trended negative this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. QUALCOMM earned a media sentiment score of -2.00 on their scale. InfoTrie also assigned headlines about the wireless technology company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted QUALCOMM’s analysis:

Shares of QCOM opened at $57.18 on Tuesday. The company has a market cap of $68.93 billion, a PE ratio of 17.92, a PEG ratio of 1.77 and a beta of 1.22. QUALCOMM has a 1 year low of $48.56 and a 1 year high of $76.50. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.38 and a current ratio of 1.54.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.11. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The company’s revenue for the quarter was down 21.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. As a group, equities analysts forecast that QUALCOMM will post 3.21 EPS for the current fiscal year.

QCOM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on QUALCOMM in a report on Wednesday, March 27th. They issued a “neutral” rating and a $54.00 price target on the stock. BidaskClub raised QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Evercore ISI reissued an “in-line” rating and issued a $60.00 price target (down from $68.00) on shares of QUALCOMM in a report on Monday, January 14th. Zacks Investment Research cut QUALCOMM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Barclays reissued a “buy” rating and issued a $70.00 price target on shares of QUALCOMM in a report on Friday, January 18th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $65.95.

In other news, EVP James H. Thompson sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the sale, the executive vice president now directly owns 62,301 shares of the company’s stock, valued at approximately $3,161,775.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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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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