QUALCOMM (NASDAQ:QCOM) Given News Sentiment Rating of 0.02
News articles about QUALCOMM (NASDAQ:QCOM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. QUALCOMM earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave press coverage about the wireless technology company an impact score of 43.5806865566651 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Qualcomm Acquires Machine Learning Startup Scyfer – Seeking Alpha – Seeking Alpha (seekingalpha.com)
- QUALCOMM Incorporated (QCOM) stock market shares of $52.27 – Stocks Gallery (stocksgallery.com)
- Winton Group Ltd Adjusts Its Ownership in QUALCOMM Incorporated (QCOM) – XNewsPress (xnewspress.com)
- Why Qualcomm, Inc. (QCOM) Stock Is Bound for Greater Pain (investorplace.com)
- QUALCOMM Incorporated (QCOM) stock jumped 0.10% versus to SMA-20 – Street Observer (press release) (streetobserver.com)
Shares of QUALCOMM (NASDAQ QCOM) traded down 0.67% during trading on Friday, reaching $51.92. The company had a trading volume of 6,696,408 shares. The firm has a 50-day moving average of $54.04 and a 200 day moving average of $55.54. The firm has a market capitalization of $76.64 billion, a price-to-earnings ratio of 19.89 and a beta of 1.29. QUALCOMM has a 52 week low of $51.05 and a 52 week high of $71.62.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. QUALCOMM’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, equities research analysts forecast that QUALCOMM will post $4.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Monday, August 28th. QUALCOMM’s payout ratio is 87.36%.
Several research analysts have commented on the stock. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $60.45 price objective for the company in a report on Wednesday, June 7th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $61.00 target price (down from $63.00) on shares of QUALCOMM in a research report on Thursday, May 4th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $75.00 target price on shares of QUALCOMM in a research report on Saturday, April 22nd. Zacks Investment Research downgraded shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of QUALCOMM in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $63.96.
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In other news, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the completion of the sale, the president now directly owns 5,855 shares of the company’s stock, valued at approximately $324,249.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alexander H. Rogers sold 470 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $57.28, for a total value of $26,921.60. Following the sale, the executive vice president now directly owns 3,049 shares of the company’s stock, valued at $174,646.72. The disclosure for this sale can be found here. Insiders sold a total of 52,101 shares of company stock valued at $2,955,612 over the last three months. Corporate insiders own 0.17% of the company’s stock.
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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