QUALCOMM, Inc. (NASDAQ:QCOM) announced a quarterly dividend on Tuesday, October 15th, RTT News reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.62 per share by the wireless technology company on Thursday, December 19th. This represents a $2.48 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, December 4th.
Shares of QUALCOMM stock opened at $82.45 on Tuesday. QUALCOMM has a one year low of $49.10 and a one year high of $94.11. The company has a market cap of $95.40 billion, a PE ratio of 29.03, a P/E/G ratio of 1.72 and a beta of 1.61. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.72 and a current ratio of 1.88. The business has a 50-day simple moving average of $84.00 and a 200-day simple moving average of $76.65.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. QUALCOMM had a net margin of 18.07% and a return on equity of 77.78%. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue was down 17.2% compared to the same quarter last year. On average, sell-side analysts predict that QUALCOMM will post 3.48 earnings per share for the current fiscal year.
A number of equities analysts recently commented on QCOM shares. Canaccord Genuity reiterated a “buy” rating and set a $101.00 target price on shares of QUALCOMM in a research note on Tuesday, November 19th. Royal Bank of Canada increased their target price on QUALCOMM to $88.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of QUALCOMM in a research report on Wednesday, November 20th. Argus increased their price objective on QUALCOMM from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, DZ Bank upgraded QUALCOMM from a “sell” rating to a “hold” rating and set a $92.00 price objective on the stock in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.60.
In related news, President Cristiano R. Amon sold 19,045 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $85.18, for a total transaction of $1,622,253.10. Following the completion of the sale, the president now owns 58,780 shares in the company, valued at approximately $5,006,880.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $85.07, for a total transaction of $1,276,050.00. Following the transaction, the executive vice president now directly owns 22,832 shares in the company, valued at $1,942,318.24. The disclosure for this sale can be found here. Insiders have sold a total of 56,244 shares of company stock worth $4,637,429 in the last 90 days. 0.11% of the stock is currently owned by company insiders.
QUALCOMM Company Profile
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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