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QUALCOMM Incorporated (QCOM) Closed at $53.04
27 April 2017, 03:55 | Kelvin Horton
There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of QUALCOMM Incorporated (QCOM), we will discuss a few. Qualcomm's Snapdragon processor is known for its Internet of Things (IoT) applications. Also, the Hold rating count is 0, as of 25 April 2017.
A number of brokerages have issued reports on QCOM. Nelson Roberts Investment Advisors LLC raised its position in shares of QUALCOMM by 6.2% in the third quarter. Analysts reported that the Price Target for QUALCOMM Incorporated might touch $77 high while the Average Price Target and Low price Target is $62.42 and $47.1 respectively. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Oppenheimer Holdings Inc. restated a "market perform" rating on shares of QUALCOMM in a research note on Monday, January 30th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. QUALCOMM now has an average rating of "Hold" and an average price target of $67.65. (NASDAQ:QCOM) opened at 53.00 on Wednesday.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -12.89%, and has a poor year to date (YTD) performance of -17.95% which means the stock is constantly subtracting to its value from the previous fiscal year end price. QUALCOMM, Inc. has a one year low of $50.11 and a one year high of $71.62.
The SMA or Simple Moving Averages are commonly available for 20 Day, 50 Day and 200 Day Simple Moving Averages.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, January 25th. 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. The business earned $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. The Return on Equity (ROE) value stands at 14.3%. Likewise, the upbeat performance for the last quarter was 5.16% and for the full year it was 29.43%. During the same quarter in the previous year, the business posted $1.04 EPS. Wall Street analysts have a consensus 2.00 recommendation on the stock. Investors of record on Wednesday, May 31st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.27%. This is a boost from QUALCOMM's previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 26th. QUALCOMM Incorporated presently has a P/E Ratio of 17.709.
ILLEGAL ACTIVITY WARNING: "Orbis Allan Gray Ltd Decreases Stake in QUALCOMM, Inc". If you are accessing this report on another domain, it was copied illegally and republished in violation of US & global trademark & copyright laws. The correct version of this news story can be viewed at https://transcriptdaily.com/2017/04/26/qualcomm-inc-qcom-stock-rating-upgraded-by-zacks-investment-research.html. The shares were bought at an average cost of $53.13 per share, for a total transaction of $999,640.95. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anthony J. Vinciquerra purchased 1,000 shares of QUALCOMM stock in a transaction that occurred on Monday, January 30th. In recent action, CFG has made a move of +1.34 over the past month.
Investors and Traders continue to monitor technical levels of shares of Halliburton Company (HAL). The disclosure for this purchase can be found here. This suggests that the broad sum of capital flow in the stock has been generally negative over the recent period. Norges Bank acquired a new position in shares of QUALCOMM during the fourth quarter worth about $922,599,000. FMR LLC now owns 68,251,589 shares of the wireless technology company's stock worth $4,450,003,000 after buying an additional 2,439,365 shares in the last quarter. PA raised its position in shares of QUALCOMM by 117.6% in the fourth quarter. "We've set out to accelerate growth in the digital ecosystem and we are thrilled to see an overwhelming response for QDIC in its second consecutive year, with eight select technopreneurs ready to transform their ideas from concept to product stage at our Qualcomm Innovation Labs", said Jim Cathey, senior vice president and president, Asia Pacific & India, Qualcomm Technologies, Inc.
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