Wall Street brokerages forecast that QUALCOMM Incorporated (NASDAQ:QCOM) will announce $5.95 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for QUALCOMM’s earnings. The highest sales estimate is $6.11 billion and the lowest is $5.80 billion. QUALCOMM reported sales of $6.00 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The firm is scheduled to report its next earnings report on Wednesday, January 24th.

On average, analysts expect that QUALCOMM will report full year sales of $5.95 billion for the current financial year, with estimates ranging from $22.09 billion to $23.90 billion. For the next fiscal year, analysts anticipate that the business will report sales of $23.83 billion per share, with estimates ranging from $22.55 billion to $25.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover QUALCOMM.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the business posted $1.28 EPS. QUALCOMM’s revenue for the quarter was down 3.5% compared to the same quarter last year.

A number of equities research analysts have commented on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 price objective on shares of QUALCOMM in a research report on Thursday, August 24th. William Blair reissued a “market perform” rating on shares of QUALCOMM in a research report on Tuesday, September 5th. Stifel Nicolaus downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and increased their target price for the company from $65.00 to $75.00 in a research report on Tuesday. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Sanford C. Bernstein reaffirmed a “hold” rating on shares of QUALCOMM in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company. QUALCOMM has an average rating of “Hold” and an average target price of $66.02.

QUALCOMM (NASDAQ QCOM) opened at $66.34 on Friday. The stock has a market cap of $98,550.00, a P/E ratio of 18.09, a P/E/G ratio of 1.91 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. QUALCOMM has a 1-year low of $48.92 and a 1-year high of $70.24.

The business also recently announced 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 dividend on an annualized basis and a yield of 3.44%. QUALCOMM’s dividend payout ratio is presently 138.18%.

In related news, EVP Matthew S. Grob sold 20,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alexander H. Rogers sold 874 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total value of $59,886.48. Following the completion of the transaction, the executive vice president now owns 12,035 shares in the company, valued at approximately $824,638.20. The disclosure for this sale can be found here. Insiders sold a total of 29,427 shares of company stock valued at $1,827,995 in the last quarter. 0.24% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Westwood Holdings Group Inc. purchased a new stake in shares of QUALCOMM during the second quarter valued at $114,000. Krilogy Financial LLC boosted its stake in shares of QUALCOMM by 47.0% in the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after purchasing an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of QUALCOMM in the second quarter valued at $141,000. Jacobi Capital Management LLC raised its holdings in QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after acquiring an additional 250 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of QUALCOMM by 40.7% during the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after purchasing an additional 842 shares during the period. 76.66% of the stock is owned by hedge funds and other institutional investors.

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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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