QUALCOMM Incorporated (NASDAQ:QCOM)‘s stock had its “hold” rating reaffirmed by stock analysts at Sanford C. Bernstein in a research report issued on Monday.
A number of other equities analysts have also commented on QCOM. Royal Bank Of Canada upgraded QUALCOMM from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $55.00 to $70.00 in a research note on Wednesday, November 8th. UBS AG upgraded QUALCOMM from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Raymond James Financial, Inc. upgraded QUALCOMM from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Wednesday, November 8th. Zacks Investment Research upgraded QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets lifted their price objective on QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the stock. QUALCOMM currently has an average rating of “Hold” and an average price target of $65.42.
QUALCOMM (QCOM) traded down $0.14 during trading on Monday, hitting $65.86. The stock had a trading volume of 1,039,579 shares, compared to its average volume of 11,283,570. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $96,720.00, a price-to-earnings ratio of 17.59, a PEG ratio of 1.86 and a beta of 1.26. QUALCOMM has a twelve month low of $48.92 and a twelve month high of $70.24.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. analysts predict that QUALCOMM will post 3.07 earnings per share for the current year.
In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,837 shares of company stock worth $1,512,049. Company insiders own 0.24% of the company’s stock.
Several institutional investors have recently modified their holdings of QCOM. Westwood Holdings Group Inc. bought a new stake in shares of QUALCOMM during the 2nd quarter valued at $114,000. Krilogy Financial LLC raised its position in shares of QUALCOMM by 47.0% during the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after acquiring an additional 745 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of QUALCOMM during the 2nd quarter valued at $141,000. Jacobi Capital Management LLC raised its position in shares of QUALCOMM by 10.8% during the 1st 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 during the last quarter. Finally, Alpha Windward LLC raised its position in shares of QUALCOMM by 6.1% during the 2nd quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock valued at $148,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.
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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