QUALCOMM (QCOM) Getting Somewhat Positive Press Coverage, Accern Reports
News stories about QUALCOMM (NASDAQ:QCOM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. QUALCOMM earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the wireless technology company an impact score of 45.3277234450246 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- QUALCOMM Incorporated (QCOM) EVP Sells $19,860.48 in Stock (americanbankingnews.com)
- $5.78 Billion in Sales Expected for QUALCOMM Incorporated (QCOM) This Quarter (americanbankingnews.com)
- Which insiders are selling QUALCOMM Incorporated (QCOM)? (techkenyot.com)
- Qualcomm Inc (QCOM) Breaks Through Support at $51.75 (mysmartrend.com)
- Is The Downside Risk Huge Now For QUALCOMM, Inc. (QCOM) Stock? (amigobulls.com)
QCOM has been the subject of a number of recent analyst reports. UBS AG restated a “neutral” rating and set a $58.00 price objective on shares of QUALCOMM in a report on Tuesday, May 2nd. BMO Capital Markets restated a “market perform” rating and set a $54.00 price objective on shares of QUALCOMM in a report on Tuesday, May 2nd. J P Morgan Chase & Co dropped their price objective on QUALCOMM from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, May 2nd. Vetr cut 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. Finally, Canaccord Genuity dropped their price objective on QUALCOMM from $75.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $63.96.
QUALCOMM (NASDAQ QCOM) opened at 51.81 on Wednesday. QUALCOMM has a one year low of $51.05 and a one year high of $71.62. The stock has a 50 day moving average price of $53.67 and a 200-day moving average price of $55.51. The firm has a market capitalization of $76.47 billion, a price-to-earnings ratio of 19.84 and a beta of 1.29.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the business earned $1.16 earnings per share. QUALCOMM’s revenue was down 11.1% compared to the same quarter last year. On average, analysts predict that QUALCOMM will post $4.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be paid a $0.57 dividend. The ex-dividend date is Monday, August 28th. This represents a $2.28 annualized dividend and a dividend yield of 4.40%. QUALCOMM’s payout ratio is currently 87.36%.
In related news, President Derek K. Aberle sold 22,251 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $57.59, for a total transaction of $1,281,435.09. Following the transaction, the president now owns 28,959 shares in the company, valued at $1,667,748.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the transaction, the president now owns 5,855 shares in the company, valued at approximately $324,249.90. The disclosure for this sale can be found here. Insiders sold 51,246 shares of company stock worth $2,868,825 in the last 90 days. 0.24% of the stock is owned by company insiders.
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QUALCOMM Company Profile
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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