Other research analysts have also issued reports about the stock. Vetr upgraded shares of QUALCOMM from a hold rating to a buy rating and set a $74.63 price objective on the stock in a research note on Friday, January 26th. Nomura upgraded shares of QUALCOMM from a neutral rating to a buy rating and lifted their price objective for the company from $58.00 to $75.00 in a research note on Tuesday, January 16th. Canaccord Genuity lifted their price objective on shares of QUALCOMM from $83.00 to $86.00 and gave the company a buy rating in a research note on Wednesday, January 17th. Mizuho restated a buy rating and issued a $75.00 price objective (up from $65.00) on shares of QUALCOMM in a research note on Wednesday, January 17th. Finally, ValuEngine upgraded shares of QUALCOMM from a hold rating to a buy rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $68.25.
QUALCOMM stock opened at $60.62 on Friday. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81. The company has a market cap of $89,739.61, a price-to-earnings ratio of -21.34, a price-to-earnings-growth ratio of 1.89 and a beta of 1.35. QUALCOMM has a one year low of $48.92 and a one year high of $69.28.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. QUALCOMM’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 earnings per share. equities research analysts anticipate that QUALCOMM will post 2.8 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is currently -80.28%.
In related news, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the sale, the executive vice president now owns 10,403 shares of the company’s stock, valued at $709,484.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James H. Thompson sold 50,126 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $62.66, for a total transaction of $3,140,895.16. Following the sale, the executive vice president now directly owns 136,482 shares in the company, valued at approximately $8,551,962.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,938 shares of company stock worth $6,137,671. 0.17% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Truewealth LLC purchased a new stake in shares of QUALCOMM in the fourth quarter valued at about $102,000. Westwood Holdings Group Inc. purchased a new stake in shares of QUALCOMM in the second quarter valued at about $114,000. We Are One Seven LLC purchased a new stake in shares of QUALCOMM in the fourth quarter valued at about $119,000. Gradient Investments LLC purchased a new stake in shares of QUALCOMM in the fourth quarter valued at about $120,000. Finally, Cerebellum GP LLC purchased a new stake in shares of QUALCOMM in the fourth quarter valued at about $126,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “QUALCOMM (QCOM) Research Coverage Started at Wells Fargo” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.thelincolnianonline.com/2018/03/19/qualcomm-qcom-research-coverage-started-at-wells-fargo.html.
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.
Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.