News headlines about QUALCOMM (NASDAQ:QCOM) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. QUALCOMM earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the wireless technology company an impact score of 44.9889227605493 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- Qualcomm Announces Quarterly Cash Dividend (finance.yahoo.com)
- Trilogy Global Advisors LP Has Raised Qualcomm (QCOM) Position By $23.86 Million; Hitchwood Capital … – Hill Country Times (hillcountrytimes.com)
- QUALCOMM, Inc. to Issue Quarterly Dividend of $0.57 (QCOM) (americanbankingnews.com)
- NTT DoCoMo, Ericsson, Qualcomm Plan Cellular V2X Trials in Japan (lightreading.com)
- Qualcomm Reportedly Nears EU Approval for NXP Deal, but Real Test Awaits (finance.yahoo.com)
A number of research firms recently weighed in on QCOM. Zacks Investment Research downgraded QUALCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Vetr downgraded QUALCOMM from a “buy” rating to a “hold” rating and set a $69.52 target price for the company. in a research report on Thursday, November 23rd. Stifel Nicolaus downgraded QUALCOMM from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $75.00 in a research report on Tuesday, November 28th. Sanford C. Bernstein reiterated a “hold” rating on shares of QUALCOMM in a research report on Monday, November 13th. Finally, BMO Capital Markets boosted their price objective on QUALCOMM from $55.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $66.06.
Shares of QUALCOMM (NASDAQ QCOM) opened at $65.38 on Friday. The firm has a market capitalization of $96,380.00, a price-to-earnings ratio of 39.62, a P/E/G ratio of 1.86 and a beta of 1.39. QUALCOMM has a 12 month low of $48.92 and a 12 month high of $69.28. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. analysts predict that QUALCOMM will post 3.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.49%. QUALCOMM’s dividend payout ratio is currently 138.18%.
In other news, EVP Alexander H. Rogers sold 919 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total transaction of $59,110.08. Following the transaction, the executive vice president now directly owns 11,116 shares of the company’s stock, valued at $714,981.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew S. Grob sold 43,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the transaction, the executive vice president now directly owns 43,000 shares in the company, valued at $2,810,050. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,989 shares of company stock worth $4,678,794. Insiders own 0.17% of the company’s stock.
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QUALCOMM Company Profile
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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