QUALCOMM (NASDAQ: QCOM) recently received a number of ratings updates from brokerages and research firms:

  • 4/19/2017 – QUALCOMM was downgraded by analysts at Rosenblatt Securities from a “buy” rating to a “neutral” rating. They now have a $56.00 price target on the stock.
  • 4/19/2017 – QUALCOMM had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $73.00 price target on the stock.
  • 4/19/2017 – QUALCOMM had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 4/19/2017 – QUALCOMM had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 4/19/2017 – QUALCOMM had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 4/17/2017 – QUALCOMM had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $64.00 price target on the stock.
  • 4/12/2017 – QUALCOMM was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Qualcomm has counter attacked Apple in relation to the $1 billion lawsuit filed against it in Jan 2017. Qualcomm’s Snapdragon processor is known for its IoT applications. Qualcomm moved one step closer to buy NXP Semiconductors, by getting the latter's shareholders approval. If this buyout goes through, then it will fortify Qualcomm's position in the semiconductor market. Patent license network deals , tie-up with AT&T and Ericsson for 5G network trials and launch of China’s first end-to-end data call bode well for Qualcomm’s prospects. Moreover, the company is foraying into areas like automotive, networking and mobile computing. However, over the past three months, the stock declined 16.3%, while the Zacks categorized Wireless Equipment industry contracted 4.2%. Moreover, competitive mobile phone chipset market, stringent regulatory norms along with anti-competitive and unfair business practices charges act as risks.”
  • 4/11/2017 – QUALCOMM had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock.
  • 4/5/2017 – QUALCOMM was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the past three months, Qualcomm reported a loss of 13.4%, while the Zacks categorized Wireless Equipment industry declined 4.4%. Moreover, tough competition in the mobile phone chipset market, stringent regulatory norms along with anti-competitive and unfair business practices charges act as risks. On the flip side, Qualcomm’s Snapdragon processor is known for its IoT applications. Qualcomm moved one step closer to buy NXP Semiconductors,by getting the latter's shareholders approval  for this deal. If this buyout goes through, then it will fortify Qualcomm's position in the semiconductor market. Patent license deals entailing 3G and 4G networks, tie-up with AT&T and Ericsson to test 5G New Radio specification and launch of China’s first end-to-end data call bode well for Qualcomm’s prospects. Moreover, the company is foraying into areas like automotive, networking and mobile computing.  “
  • 4/4/2017 – QUALCOMM had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $78.00 price target on the stock.
  • 4/3/2017 – QUALCOMM had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $60.00 price target on the stock.
  • 3/30/2017 – QUALCOMM is now covered by analysts at Macquarie. They set a “neutral” rating and a $60.00 price target on the stock.
  • 3/30/2017 – QUALCOMM had its price target lowered by analysts at Stifel Nicolaus from $65.00 to $64.00. They now have a “buy” rating on the stock.
  • 3/8/2017 – QUALCOMM had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $76.00 price target on the stock.
  • 2/23/2017 – QUALCOMM had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $60.00 price target on the stock, down previously from $70.00.

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) opened at 52.61 on Thursday. QUALCOMM, Inc. has a 12-month low of $50.11 and a 12-month high of $71.62. The stock has a 50 day moving average price of $56.53 and a 200 day moving average price of $61.96. The firm has a market capitalization of $77.71 billion, a P/E ratio of 16.04 and a beta of 1.31.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.15. QUALCOMM had a return on equity of 20.25% and a net margin of 20.56%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the firm posted $1.04 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that QUALCOMM, Inc. will post $4.63 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, May 26th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.53. QUALCOMM’s dividend payout ratio is 64.63%.

In related news, EVP Cristiano R. Amon purchased 18,815 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was bought at an average price of $53.13 per share, for a total transaction of $999,640.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anthony J. Vinciquerra purchased 1,000 shares of the firm’s stock in a transaction dated Monday, January 30th. The shares were bought at an average price of $53.99 per share, with a total value of $53,990.00. Following the purchase, the director now owns 1,281 shares in the company, valued at approximately $69,161.19. The disclosure for this purchase can be found here. Corporate insiders own 0.24% of the company’s stock.

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.

5 Day Chart for NASDAQ:QCOM

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