QUALCOMM Incorporated (NASDAQ:QCOM) had its price objective boosted by Royal Bank Of Canada from $70.00 to $77.00 in a report issued on Tuesday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the wireless technology company’s stock.
Other equities analysts also recently issued research reports about the stock. Mizuho reaffirmed a buy rating and issued a $65.00 price objective on shares of QUALCOMM in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a buy rating on shares of QUALCOMM in a report on Thursday, October 12th. Zacks Investment Research raised shares of QUALCOMM from a hold rating to a buy rating and set a $59.00 price objective for the company in a report on Tuesday, October 17th. Canaccord Genuity lifted their price objective on shares of QUALCOMM from $70.00 to $76.00 and gave the stock a buy rating in a report on Thursday, November 2nd. Finally, UBS AG decreased their price objective on shares of QUALCOMM from $58.00 to $53.00 and set a buy rating for the company in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $65.42.
Shares of QUALCOMM (QCOM) opened at $66.72 on Tuesday. The firm has a market cap of $97,460.00, a P/E ratio of 17.46, a PEG ratio of 1.85 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. QUALCOMM has a 1 year low of $48.92 and a 1 year high of $70.24.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. research analysts expect that QUALCOMM will post 3.07 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.42%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,837 shares of company stock worth $1,512,049. Company insiders own 0.17% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in QCOM. Westwood Holdings Group Inc. purchased a new position in QUALCOMM during the 2nd quarter valued at about $114,000. Krilogy Financial LLC grew its stake in QUALCOMM by 47.0% during 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 in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new position in QUALCOMM during the 2nd quarter valued at about $141,000. Jacobi Capital Management LLC grew its stake in QUALCOMM by 10.8% during 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 in the last quarter. Finally, Alpha Windward LLC grew its stake in QUALCOMM by 6.1% during 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 in the last quarter. 76.93% of the stock is currently owned by institutional investors.
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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