What Are Analysts Suggestions On QUALCOMM Incorporated (QCOM)
- Author: Delia Davidson May 24, 2017,
May 24, 2017, 4:08
The insider now directly owns 22,039 shares worth $1,270,989.
Other research analysts have also recently issued research reports about the stock. Berkshire Asset Management LLC PA boosted its position in QUALCOMM by 24.3% in the third quarter. The company has a Return on Assets (ROA) of 7.30%. Ray Gerald L & Associates Ltd. now owns 43,765 shares of the wireless technology company's stock worth $2,998,000 after buying an additional 7,100 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in shares of QUALCOMM during the first quarter valued at about $157,000. Boston Advisors LLC now owns 427,249 shares of the wireless technology company's stock worth $29,267,000 after buying an additional 4,479 shares during the last quarter. FCA Corp TX increased its position in QUALCOMM by 0.9% in the third quarter. Seaward Management Limited Partnership now owns 497,565 shares of the wireless technology company's stock valued at $34,083,000 after buying an additional 3,018 shares in the last quarter. This recommendation lands on a scale between 1 and 5. QUALCOMM has a 12 month low of $50.11 and a 12 month high of $71.62. (NASDAQ:QCOM). Vnbtrust National Association holds 0.38% or 10,552 shares in its portfolio. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Caledonia Private Investments Pty Ltd who had been investing in Grubhub Inc for a number of months, seems to be bullish on the $3.68 billion market cap company.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -3.3%, and has a poor year to date (YTD) performance of -9.08% which means the stock is constantly subtracting to its value from the previous fiscal year end price. QUALCOMM also saw unusually large options trading on Friday. This represents an increase of approximately 233% compared to the average volume of 813 put options. (NASDAQ:QCOM). Etrade Management Lc holds 14,899 shares or 0.04% of its portfolio. The institutional investor held 831,453 shares of the radio and television broadcasting and communications equipment company at the end of 2016Q4, valued at $54.21M, down from 836,388 at the end of the previous reported quarter. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.86 billion.
Over the last 5 years, QUALCOMM Incorporated has averaged a 7.10% YoY EPS growth rate and a 9.50% revenue growth rate.
USA markets posted their third successive winning session and reversed most of last Wednesday's large loss, spurred by the substantial growth in tech and industrial shares.
The company also recently announced 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.
Qualcomm Inc decreased its stake in Qualcomm Inc (QCOM) by 0.59% based on its latest 2016Q4 regulatory filing with the SEC. Now it is offering a dividend yield of 3.95% and a 5 year dividend growth rate of 20.05%. QUALCOMM's payout ratio is 64.63%.
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ILLEGAL ACTIVITY WARNING: "QUALCOMM, Inc".
WARNING: This piece was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another publication, it was illegally copied and reposted in violation of United States and global trademark & copyright law. Federated Investors Inc. PA increased its position in shares of QUALCOMM by 117.6% in the fourth quarter.
Several brokerages have commented on QCOM. Sanford C. Bernstein reiterated a market perform rating and set a $80.00 price target on shares of QUALCOMM in a research report on Wednesday, December 28th. Price Target plays a critical role when it comes to the analysis of a Stock. There's more room for analysts to raise their ratings on BA stock, too, with seven of 16 maintaining a "hold" or worse suggestion. (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: "Qualcomm +1.7% after J.P. Morgan upgrade citing NXP Semi optimism" published on May 22, 2017 as well as Reuters.com's news article titled: "Qualcomm ups ante in fight with Apple, sues four Taiwanese suppliers" with publication date: May 17, 2017. (NASDAQ:QCOM), 13 have Buy rating, 2 Sell and 16 Hold. Finally, Stifel Nicolaus reduced their price target on shares of QUALCOMM from $80.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, January 26th.
In other news, EVP James H. Thompson sold 25,000 shares of the stock in a transaction that occurred on Friday, April 21st. STERLING MICHELLE M had sold 9,810 shares worth $652,618. Following the completion of the sale, the executive vice president now directly owns 76,246 shares of the company's stock, valued at $4,005,202.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
In other news, EVP Donald J. Rosenberg sold 10,701 shares of the stock in a transaction that occurred on Thursday, May 11th.
In the transaction dated February 03, 2017, the great number of shares acquired came courtesy the EVP and President, QCT; AMON CRISTIANO R added a total of 18,815 shares at an average price of $53.13, amounting to approximately $999,641. The disclosure for this sale can be found here.