RBC Capital Markets reiterated a "sector perform" rating and set a $70.00 price target on shares of QUALCOMM in a research note on Friday, October 28th. Over the last six months and over the last three months, the shares of QUALCOMM Incorporated (QCOM), have changed 22.53% and 0.80%, respectively. Morgan Stanley reiterated an "overweight" rating and set a $65.00 price objective on shares of QUALCOMM in a research note on Tuesday, September 20th.
QUALCOMM (QCOM) was Upgraded by Rosenblatt to " Buy". The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell. QUALCOMM has an average rating of Buy and a consensus price target of $67.92.
(NASDAQ:QCOM) stock opened its trade at $65.75 and after floating in a range of $65.42 to $66.11, settled at $66.10. Jennison Associates LLC now owns 17,576,366 shares of the wireless technology company's stock worth $1,203,981,000 after buying an additional 10,234,556 shares during the period. The stock has a 50-day moving average of $67.00 and a 200 day moving average of $63.40.
Qualcomm has a PE ratio of 17.35 with a one year low of $42.24 and a one year high of $71.62 Qualcomm's market capitalization is now $0.
On the company's financial health, QUALCOMM reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Nov 2, 2016. Qualcomm Powerline solutions turn electrical outlets into broadband connection points creating networks by plugging in. The company had revenue of $9.17 billion for the quarter, compared to the consensus estimate of $5.84 billion. QUALCOMM's revenue was up 68.2% compared to the same quarter previous year. The company had Year Ago Sales of 5.77 Billion. On average, analysts predict that QUALCOMM Incorporated will post $4.76 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.21%. QUALCOMM's payout ratio is 55.64%.
Moreover, Rogers Alexander H, EVP & President, QTL sold 8,993 shares of the stock in a reserved transaction that ensued on 12/29/2016.
Insider Trades for QUALCOMM Incorporated show that the latest trade was made on 8 Jan 2017 where Aberle (Derek K), the President completed a transaction type "Sell" in which 11621 shares were traded at a price of $65.68. Institutional investors own 78.41% of the company's stock. Insider trading information is derived from Forms 3 and 4 filings are filed with the U.S. Securities and Exchange Commission (SEC). Following the completion of the sale, the director now owns 2,440 shares in the company, valued at approximately $167,188.80. The disclosure for this sale can be found here. Checchi Capital Advisers LLC increased its stake in QUALCOMM by 1.0% in the second quarter. Delphi Private Advisors LLC boosted its stake in QUALCOMM by 0.4% in the second quarter. Conning Inc. now owns 475,737 shares of the wireless technology company's stock valued at $25,485,000 after buying an additional 19,357 shares in the last quarter. One quarter earlier, revenue for the stock was at $6.03 billion, with earnings at $1.16/share. The mean forecast was for $5.84 billion and $1.13 a share, respectively. The insider owns 720,000 shares which have current market value of around $47606400.Jeffrey A. Jacobs is another major inside shareholder in the company. Delphi Private Advisors LLC now owns 4,371 shares of the wireless technology company's stock valued at $234,000 after buying an additional 19 shares during the period.