QUALCOMM, Inc. (QCOM) Receives Consensus Rating of “Hold” from Analysts

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) have received an average recommendation of “Hold” from the twenty-five research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $66.94.

A number of research firms have recently issued reports on QCOM. BidaskClub downgraded QUALCOMM from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. ValuEngine downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. UBS Group increased their price target on QUALCOMM from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, November 5th. Cowen dropped their price target on QUALCOMM from $80.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, November 8th. Finally, Bank of America downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Wednesday, October 31st.

Shares of QUALCOMM stock opened at $50.83 on Tuesday. The firm has a market capitalization of $60.87 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.38 and a current ratio of 1.54. QUALCOMM has a 52 week low of $48.56 and a 52 week high of $76.50.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. QUALCOMM’s quarterly revenue was down 21.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. On average, equities analysts expect that QUALCOMM will post 3.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Wednesday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is currently 77.74%.

In related news, EVP Donald J. Rosenberg sold 6,297 shares of the company’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $55.22, for a total transaction of $347,720.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Cristiano R. Amon sold 18,323 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $60.23, for a total value of $1,103,594.29. The disclosure for this sale can be found here. Insiders have sold a total of 33,668 shares of company stock valued at $1,976,189 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mathes Company Inc. increased its holdings in shares of QUALCOMM by 190.0% in the fourth quarter. Mathes Company Inc. now owns 8,700 shares of the wireless technology company’s stock valued at $495,000 after purchasing an additional 5,700 shares during the period. Alliancebernstein L.P. increased its holdings in shares of QUALCOMM by 3.3% in the third quarter. Alliancebernstein L.P. now owns 4,215,124 shares of the wireless technology company’s stock valued at $303,615,000 after purchasing an additional 134,469 shares during the period. First American Bank increased its holdings in shares of QUALCOMM by 4.5% in the fourth quarter. First American Bank now owns 27,282 shares of the wireless technology company’s stock valued at $1,552,000 after purchasing an additional 1,166 shares during the period. Ipswich Investment Management Co. Inc. increased its holdings in shares of QUALCOMM by 7.9% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 5,125 shares of the wireless technology company’s stock valued at $292,000 after purchasing an additional 375 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of QUALCOMM by 50.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,010,000 shares of the wireless technology company’s stock valued at $57,479,000 after purchasing an additional 340,000 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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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Analyst Recommendations for QUALCOMM (NASDAQ:QCOM)

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