QCOM has been the topic of a number of other research reports. BidaskClub raised QUALCOMM from a strong sell rating to a sell rating in a report on Sunday, July 16th. Sanford C. Bernstein reaffirmed a market perform rating and issued a $60.00 price objective on shares of QUALCOMM in a report on Friday, June 30th. BMO Capital Markets reaffirmed a market perform rating and issued a $55.00 price objective on shares of QUALCOMM in a report on Thursday, August 24th. Stifel Nicolaus reaffirmed a buy rating and issued a $65.00 price objective on shares of QUALCOMM in a report on Thursday, July 13th. Finally, Mizuho reaffirmed a buy rating and issued a $65.00 price objective on shares of QUALCOMM in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $63.96.
QUALCOMM (QCOM) opened at 52.19 on Wednesday. The firm has a market cap of $77.04 billion, a PE ratio of 19.99 and a beta of 1.29. The company has a 50-day moving average price of $52.11 and a 200-day moving average price of $55.07. QUALCOMM has a 12-month low of $48.92 and a 12-month high of $71.62.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the company posted $1.16 earnings per share. The business’s revenue was down 11.1% on a year-over-year basis. On average, equities analysts predict that QUALCOMM will post $4.16 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 annualized dividend and a dividend yield of 4.37%. QUALCOMM’s dividend payout ratio is currently 87.36%.
In related news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Derek K. Aberle sold 23,104 shares of QUALCOMM stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $55.38, for a total value of $1,279,499.52. Following the transaction, the president now owns 5,855 shares of the company’s stock, valued at $324,249.90. The disclosure for this sale can be found here. Insiders have sold a total of 28,995 shares of company stock valued at $1,587,390 over the last 90 days. Insiders own 0.17% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of QCOM. Westwood Holdings Group Inc. acquired a new position in QUALCOMM in the 2nd quarter valued at $114,000. Krilogy Financial LLC raised its holdings in QUALCOMM by 47.0% in the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after acquiring an additional 745 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. acquired a new position in QUALCOMM in the 2nd quarter valued at $141,000. Jacobi Capital Management LLC raised its holdings in QUALCOMM by 10.8% in the 1st quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after acquiring an additional 250 shares during the last quarter. Finally, Alpha Windward LLC raised its holdings in QUALCOMM by 6.1% in the 2nd quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock valued at $148,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 77.03% of the company’s stock.
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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