QCOM has been the subject of a number of other reports. BMO Capital Markets boosted their price target on shares of QUALCOMM from $55.00 to $57.00 and gave the company a market perform rating in a research report on Thursday, November 2nd. J P Morgan Chase & Co reissued an overweight rating on shares of QUALCOMM in a research report on Wednesday, September 6th. Mizuho reissued a buy rating on shares of QUALCOMM in a research report on Friday, October 27th. Zacks Investment Research raised shares of QUALCOMM from a sell rating to a hold rating in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a buy rating on shares of QUALCOMM in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $65.42.
QUALCOMM (NASDAQ QCOM) traded up $1.92 during trading on Monday, hitting $66.49. 24,411,500 shares of the stock traded hands, compared to its average volume of 11,270,980. The stock has a market cap of $97,210.00, a PE ratio of 17.08, a P/E/G ratio of 1.81 and a beta of 1.26. QUALCOMM has a 1-year low of $48.92 and a 1-year high of $70.24. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the company earned $1.28 earnings per share. QUALCOMM’s quarterly revenue was down 3.5% compared to the same quarter last year. sell-side analysts expect that QUALCOMM will post 3.07 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
In related news, EVP Michelle M. Sterling sold 4,740 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were 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 SEC, which is accessible through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. Insiders sold 25,837 shares of company stock worth $1,512,049 in the last ninety days. Insiders own 0.24% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in QCOM. Bangor Savings Bank purchased a new position in shares of QUALCOMM during the first quarter valued at approximately $1,377,000. UBS Asset Management Americas Inc. raised its stake in QUALCOMM by 0.7% during the first quarter. UBS Asset Management Americas Inc. now owns 4,508,344 shares of the wireless technology company’s stock worth $258,508,000 after purchasing an additional 32,884 shares during the period. Staley Capital Advisers Inc. raised its stake in QUALCOMM by 6.3% during the first quarter. Staley Capital Advisers Inc. now owns 767,666 shares of the wireless technology company’s stock worth $44,018,000 after purchasing an additional 45,693 shares during the period. Bruni J V & Co. Co. raised its stake in QUALCOMM by 28.1% during the first quarter. Bruni J V & Co. Co. now owns 382,820 shares of the wireless technology company’s stock worth $21,951,000 after purchasing an additional 83,901 shares during the period. Finally, RNC Capital Management LLC raised its stake in QUALCOMM by 33.8% during the first quarter. RNC Capital Management LLC now owns 625,317 shares of the wireless technology company’s stock worth $35,856,000 after purchasing an additional 158,133 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.
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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