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QUALCOMM (NASDAQ:QCOM) has been given an average rating of “Buy” by the thirty-two brokerages that are covering the stock, Stock Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $78.67.

QUALCOMM (NASDAQ:QCOM) traded up 0.54% during mid-day trading on Friday, hitting $80.09. 675,441 shares of the company’s stock traded hands. QUALCOMM has a 52-week low of $59.02 and a 52-week high of $81.66. The stock has a 50-day moving average of $79.70 and a 200-day moving average of $76.24. The company has a market cap of $135.2 billion and a price-to-earnings ratio of 19.99.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.09. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that QUALCOMM will post $5.18 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of QUALCOMM in a research note on Thursday, May 15th. They now have a $84.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of QUALCOMM from $86.00 to $90.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of QUALCOMM from $83.00 to $89.00 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock.

In other QUALCOMM news, Chairman Paul E. Jacobs sold 32,694 shares of the stock on the open market in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $80.41, for a total transaction of $2,628,924.54. The transaction was disclosed in a filing with the SEC, 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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