Latest Stocks: QUALCOMM, Inc. (QCOM) Rating Reiterated by Sanford C. Bernstein

Latest Stocks: QUALCOMM, Inc. (QCOM) Rating Reiterated by Sanford C. Bernstein

QUALCOMM, Inc. (NASDAQ:QCOM)‘s stock had its “market perform” rating restated by equities researchers at Sanford C. Bernstein in a research note issued to investors on Monday, May 15th, StockTargetPrices.com reports.

A number of other equities research analysts have also issued reports on QCOM. BMO Capital Markets reissued a “market perform” rating and issued a $60.00 price objective on shares of QUALCOMM in a report on Saturday, April 22nd. Vetr lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $58.52 price objective for the company. in a report on Tuesday, May 2nd. Rosenblatt Securities lowered shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $56.00 price objective for the company. in a report on Wednesday, April 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $60.00 price objective on shares of QUALCOMM in a report on Saturday, April 22nd. Finally, Mizuho reissued a “buy” rating on shares of QUALCOMM in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.19.

QUALCOMM (NASDAQ:QCOM) opened at 58.86 on Monday. The stock has a market capitalization of $86.96 billion, a PE ratio of 19.61 and a beta of 1.31. The company’s 50-day moving average is $55.42 and its 200 day moving average is $59.16. QUALCOMM has a 1-year low of $50.84 and a 1-year high of $71.62.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.29. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts predict that QUALCOMM will post $4.25 earnings per share for the current year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, May 26th. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.87%. QUALCOMM’s dividend payout ratio (DPR) is 64.63%.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.29. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts predict that QUALCOMM will post $4.25 earnings per share for the current year. In other news, EVP James H. Thompson sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $52.53, for a total transaction of $1,313,250.00. Following the transaction, the executive vice president now directly owns 76,246 shares in the company, valued at $4,005,202.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michelle M. Sterling sold 5,509 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $59.11, for a total transaction of $325,636.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,931 shares of company stock worth $3,536,013. Insiders own 0.24% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Massey Quick & Co. LLC purchased a new position in QUALCOMM during the fourth quarter worth $105,000. Edmond DE Rothschild Monaco purchased a new position in QUALCOMM during the third quarter worth $112,000. Jacobi Capital Management LLC raised its position in QUALCOMM by 11.2% in the third quarter. Jacobi Capital Management LLC now owns 2,467 shares of the wireless technology company’s stock worth $164,000 after buying an additional 248 shares during the period. FNY Managed Accounts LLC purchased a new position in QUALCOMM during the first quarter worth $157,000. Finally, American National Bank raised its position in QUALCOMM by 41.0% in the first quarter. American National Bank now owns 2,825 shares of the wireless technology company’s stock worth $162,000 after buying an additional 822 shares during the period. Hedge funds and other institutional investors own 79.28% of the company’s stock. QUALCOMM Company Profile

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