Weekly Analysts’ Ratings Changes for QUALCOMM (QCOM)

A number of research firms have changed their ratings and price targets for QUALCOMM (NASDAQ: QCOM):

  • 2/6/2018 – QUALCOMM was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Regulatory disputes and aggressive competition in the mobile phone chipset market continues to hurt Qualcomm. Amidst such headwinds, Qualcomm posted strong first-quarter fiscal 2018 financial results. During the quarter, Qualcomm shipped 237 million CDMA-based MSM (Mobile Station Modem) chipsets, up 9% year over year. The performance was backed by Qualcomm’s continued product leadership and profitability improvement in its semiconductor business and mobile connectivity with multiple technological achievements and launches. Qualcomm received regulatory nod from the South Korea’s FairTrade Commission and European Commission for its pending NXP Semiconductor deal. The stock price 17.1% in the past six months, outperforming its industry’s 5.8% gain.”
  • 2/2/2018 – QUALCOMM was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/1/2018 – QUALCOMM had its price target raised by analysts at KeyCorp from $68.00 to $73.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – QUALCOMM had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $75.00 price target on the stock.
  • 2/1/2018 – QUALCOMM was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $76.42 price target on the stock.
  • 1/30/2018 – QUALCOMM had its price target raised by analysts at Royal Bank of Canada from $77.00 to $80.00. They now have an “outperform” rating on the stock.
  • 1/26/2018 – QUALCOMM was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $74.63 price target on the stock.
  • 1/17/2018 – QUALCOMM had its price target raised by analysts at Canaccord Genuity from $83.00 to $86.00. They now have a “buy” rating on the stock.
  • 1/17/2018 – QUALCOMM had its price target raised by analysts at Macquarie from $55.00 to $70.00. They now have a “neutral” rating on the stock.
  • 1/17/2018 – QUALCOMM had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock, up previously from $65.00.
  • 1/16/2018 – QUALCOMM was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/16/2018 – QUALCOMM was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $75.00 price target on the stock, up previously from $58.00.
  • 1/2/2018 – QUALCOMM was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $76.13 price target on the stock.

QUALCOMM, Inc. (NASDAQ QCOM) opened at $63.99 on Monday. The stock has a market cap of $94,728.43, a P/E ratio of -22.53, a P/E/G ratio of 1.99 and a beta of 1.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. equities analysts forecast that QUALCOMM, Inc. will post 2.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is currently -80.28%.

In other news, EVP Alexander H. Rogers sold 874 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were 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 $824,638.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 713 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the completion of the transaction, the executive vice president now owns 10,403 shares of the company’s stock, valued at approximately $709,484.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,346 shares of company stock valued at $3,499,504. 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.

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