QUALCOMM Incorporated (QCOM) Traders Should Start Listening to Analysts

QCOM Chart

QUALCOMM Incorporated (QCOM) has the market capitalization of 85.18 Billion. CLSA cut shares of QUALCOMM from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $80.00 to $60.00 in a report on Monday, January 23rd. Vetr lowered shares of QUALCOMM from a strong-buy rating to a buy rating and set a $74.42 target price on the stock.in a research report on Tuesday, January 17th. Canaccord Genuity maintained the stock with "Buy" rating in Thursday, November 5 report. (NASDAQ:QCOM) rating on Thursday, July 21. Qualcomm Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $89.99 billion market cap company. (NASDAQ:QCOM), 12 have Buy rating, 2 Sell and 17 Hold. The firm's price-to-sales ratio was noted 3.67 in contrast with an overall industry average of 0.64. Company's distance from 20 day simple moving average is 6.06% and distance from 50-Day simple moving average is 3.80%. QUALCOMM Incorporated has a 52-week low of 50.84 and a 52-week high of 71.62.

Hall also suggested that Qualcomm's next logical step would be requesting a trade injunction against Apple's contract manufacturers but this will be complex and lengthy. Carnegie Cap Asset Management Ltd Liability Company accumulated 4,128 shares.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.29. According to these analysts, the Low Revenue Estimate for QUALCOMM Incorporated is 5.15 Billion and the High Revenue Estimate is 5.55 Billion.

The TTM operating margin is 20.1%. The firm's revenue was up 8.1% on a year-over-year basis. Over the a year ago Company's shares have been trading in the range of $50.84 and $71.62. Comparatively, QUALCOMM Incorporated posted earnings of $0 per share in the same quarter a year ago. (NASDAQ:QCOM) has "Neutral" rating given on Thursday, January 14 by Mizuho. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/05/23/qualcomm-inc-qcom-given-market-perform-rating-at-oppenheimer-holdings-inc-updated.html.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, May 31st will be paid a $0.57 dividend. The ex-dividend date is Friday, May 26th.

Freestone Ltd Co has 0% invested in QUALCOMM, Inc. This represents a $2.28 annualized dividend and a dividend yield of 3.85%. QUALCOMM's payout ratio is presently 64.63%.

In related news, EVP James H. Thompson sold 25,000 shares of the stock in a transaction that occurred on Friday, April 21st. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. Following the completion of the transaction, the executive vice president now directly owns 76,246 shares in the company, valued at $4,005,202.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Rosenberg Donald J had sold 10,701 shares worth $588,767. The disclosure for this purchase can be found here. The company has Beta Value of 1.23 and ATR value of 0.98. Saturna invested in 811,259 shares or 2.03% of the stock. Chemung Canal Trust Co. now owns 79,385 shares of the wireless technology company's stock valued at $5,438,000 after buying an additional 1,567 shares in the last quarter. Bank of Nova Scotia now owns 489,548 shares of the wireless technology company's stock worth $28,071,000 after buying an additional 456,121 shares in the last quarter. Sfe Counsel has invested 2.65% in QUALCOMM, Inc. Tightening the gaze, stock performance for the last 5 trading days is 7.00%. State Street Corp boosted its position in QUALCOMM by 1.6% in the fourth quarter. The institutional investor held 8.41 million shares of the business services company at the end of 2016Q4, valued at $316.32 million, up from 7.53M at the end of the previous reported quarter. Liberty Capital Management Inc. increased its position in QUALCOMM by 0.4% in the first quarter. Green Square Capital LLC now owns 102,122 shares of the wireless technology company's stock valued at $5,856,000 after buying an additional 21,049 shares in the last quarter. Berkshire Asset Management LLC PA boosted its position in QUALCOMM by 24.3% in the third quarter.

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). $491,286 worth of QUALCOMM, Inc.

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