Wall Street analysts predict that QUALCOMM Incorporated (NASDAQ:QCOM) will report earnings per share (EPS) of $1.58 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for QUALCOMM’s earnings. The highest EPS estimate is $1.75 and the lowest is $0.77. QUALCOMM posted earnings of $0.88 per share during the same quarter last year, which suggests a positive year over year growth rate of 79.5%. The company is expected to announce its next quarterly earnings results on Wednesday, May 5th.
On average, analysts expect that QUALCOMM will report full-year earnings of $7.37 per share for the current financial year, with EPS estimates ranging from $7.10 to $7.66. For the next financial year, analysts forecast that the business will post earnings of $8.22 per share, with EPS estimates ranging from $7.29 to $9.26. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow QUALCOMM.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 3rd. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.07. QUALCOMM had a return on equity of 90.74% and a net margin of 22.09%. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The business’s revenue was up 62.2% on a year-over-year basis.
A number of research analysts recently weighed in on QCOM shares. Piper Sandler lifted their target price on QUALCOMM from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, December 4th. Susquehanna boosted their price objective on QUALCOMM from $165.00 to $175.00 and gave the stock a “positive” rating in a research note on Thursday, February 4th. Cowen boosted their price objective on QUALCOMM from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 9th. Royal Bank of Canada boosted their price objective on QUALCOMM from $126.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 4th. Finally, Barclays boosted their price objective on QUALCOMM from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $157.81.
QUALCOMM stock traded down $4.50 during midday trading on Tuesday, reaching $134.96. The stock had a trading volume of 829,090 shares, compared to its average volume of 10,313,883. QUALCOMM has a twelve month low of $58.00 and a twelve month high of $167.94. The stock has a market capitalization of $153.31 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 2.14. The stock’s 50-day simple moving average is $153.95 and its 200 day simple moving average is $135.95.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 25th. Stockholders of record on Thursday, March 4th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, March 3rd. QUALCOMM’s dividend payout ratio (DPR) is presently 77.84%.
In other news, President Cristiano R. Amon sold 73,220 shares of the business’s stock in a transaction that occurred on Wednesday, December 16th. The stock was sold at an average price of $148.72, for a total transaction of $10,889,278.40. Following the completion of the transaction, the president now directly owns 50,753 shares in the company, valued at $7,547,986.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alexander H. Rogers sold 35,102 shares of the business’s stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of $157.17, for a total value of $5,516,981.34. Following the transaction, the executive vice president now owns 64,365 shares of the company’s stock, valued at $10,116,247.05. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moser Wealth Advisors LLC increased its holdings in shares of QUALCOMM by 223.2% in the fourth quarter. Moser Wealth Advisors LLC now owns 181 shares of the wireless technology company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Capital Directions Investment Advisors LLC increased its holdings in shares of QUALCOMM by 100.0% in the fourth quarter. Capital Directions Investment Advisors LLC now owns 200 shares of the wireless technology company’s stock valued at $30,000 after buying an additional 100 shares in the last quarter. Addison Advisors LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at $32,000. ForthRight Wealth Management LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at $33,000. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 74.76% of the company’s stock.
QUALCOMM Company Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
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