QUALCOMM Given Average Recommendation of “Buy” by Brokerages (NASDAQ:QCOM)
Shares of QUALCOMM (NASDAQ:QCOM) have received a consensus recommendation of “Buy” from the thirty-three analysts that are covering the company, Stock Ratings News reports. Thirteen research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $81.78.
In other QUALCOMM news, EVP Cristiano R. Amon sold 2,634 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $77.17, for a total transaction of $203,265.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
QCOM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of QUALCOMM in a research note on Monday. They now have a $81.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of QUALCOMM in a research note on Tuesday, August 19th. Finally, analysts at Sanford C. Bernstein downgraded shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 31st. They now have a $80.00 price target on the stock.
Shares of QUALCOMM (NASDAQ:QCOM) opened at 76.59 on Tuesday. QUALCOMM has a 52-week low of $65.47 and a 52-week high of $81.97. The stock has a 50-day moving average of $76.70 and a 200-day moving average of $77.99. The company has a market cap of $128.4 billion and a price-to-earnings ratio of 17.42.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.22. The company had revenue of $6.80 million for the quarter, compared to the consensus estimate of $6.52 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that QUALCOMM will post $5.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, August 29th.
QUALCOMM Incorporated (NASDAQ:QCOM), is engaged in design, manufacture, have manufactured on its behalf and market digital communications products and services based on code division multiple access (CDMA), Orthogonal Frequency Division Multiplexing (OFDMA) and other technologies.
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