QUALCOMM, Inc. Announces Quarterly Dividend of $0.42 (QCOM)
QUALCOMM (NASDAQ:QCOM) announced a quarterly dividend on Tuesday, April 8th, StockRatingsNetwork.com reports. Investors of record on Wednesday, June 4th will be paid a dividend of 0.42 per share on Wednesday, June 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.15%.
A number of research firms have recently commented on QCOM. Analysts at Canaccord Genuity raised their price target on shares of QUALCOMM from $86.00 to $90.00 in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of QUALCOMM from $86.00 to $95.00 in a research note on Thursday, March 27th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of QUALCOMM from $78.00 to $86.00 in a research note on Monday, March 24th. They now have a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.92.
Shares of QUALCOMM (NASDAQ:QCOM) traded up 0.42% on Tuesday, hitting $78.4099. The stock had a trading volume of 2,103,533 shares. QUALCOMM has a one year low of $59.02 and a one year high of $81.36. The stock has a 50-day moving average of $77.0 and a 200-day moving average of $72.85. The company has a market cap of $132.6 billion and a P/E ratio of 19.98.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.08. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that QUALCOMM will post $5.11 earnings per share for the current fiscal year.
In other QUALCOMM news, Chairman Paul Jacobs sold 70,000 shares of the stock on the open market in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $81.23, for a total value of $5,686,100.00. Following the completion of the transaction, the chairman now directly owns 29,269 shares in the company, valued at approximately $2,377,521. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
QUALCOMM Incorporated (NASDAQ:QCOM) is engaged in designing and manufacturing of digital communications products and services based on code division multiple access (CDMA), Orthogonal Frequency Division Multiplexing (OFDMA) and other technologies.
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