QUALCOMM Incorporated (QCOM) to Release Earnings on Wednesday
QUALCOMM Incorporated (NASDAQ:QCOM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect QUALCOMM to post earnings of $0.81 per share for the quarter.
Shares of QUALCOMM Incorporated (QCOM) opened at 54.25 on Wednesday. QUALCOMM Incorporated has a 12-month low of $48.92 and a 12-month high of $71.62. The company’s 50-day moving average price is $51.99 and its 200 day moving average price is $54.10. The company has a market cap of $80.08 billion, a price-to-earnings ratio of 20.78 and a beta of 1.28.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be given a $0.57 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 4.20%. QUALCOMM’s payout ratio is 87.36%.
Several equities analysts have commented on the stock. J P Morgan Chase & Co reissued an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus reissued a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. BMO Capital Markets reissued a “market perform” rating and set a $54.00 target price on shares of QUALCOMM in a research report on Monday, July 10th. Finally, Northland Securities raised shares of QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 target price on the stock in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.80.
In other news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 5,810 shares of company stock valued at $301,596 over the last ninety days. 0.24% of the stock is currently owned by insiders.
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QUALCOMM Company Profile
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.
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