QUALCOMM Incorporated (NASDAQ:QCOM) had its price target boosted by stock analysts at Royal Bank Of Canada from $70.00 to $77.00 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the wireless technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 16.65% from the stock’s current price.

A number of other research firms have also commented on QCOM. Sanford C. Bernstein reiterated a “hold” rating on shares of QUALCOMM in a research report on Monday. Canaccord Genuity upped their target price on QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Monday. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 target price on the stock in a research report on Monday. UBS AG upgraded QUALCOMM from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. Finally, Raymond James Financial, Inc. upgraded QUALCOMM from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the stock. QUALCOMM presently has an average rating of “Hold” and an average price target of $65.42.

QUALCOMM (NASDAQ:QCOM) traded up $0.40 during midday trading on Tuesday, hitting $66.01. The company’s stock had a trading volume of 4,634,512 shares, compared to its average volume of 11,280,329. QUALCOMM has a 1 year low of $48.92 and a 1 year high of $70.24. The company has a market cap of $96,960.00, a price-to-earnings ratio of 17.46, a PEG ratio of 1.85 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The business’s revenue was down 3.5% on a year-over-year basis. analysts forecast that QUALCOMM will post 3.07 earnings per share for the current year.

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In other news, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $51.88, for a total value of $245,911.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,837 shares of company stock valued at $1,512,049. 0.17% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Ronald Blue & Co. LLC boosted its holdings in shares of QUALCOMM by 0.5% in the second quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock worth $208,000 after acquiring an additional 18 shares during the period. Hollencrest Securities LLC boosted its holdings in shares of QUALCOMM by 0.9% in the second quarter. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company’s stock worth $241,000 after acquiring an additional 40 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of QUALCOMM by 0.4% in the second quarter. North Star Investment Management Corp. now owns 9,459 shares of the wireless technology company’s stock worth $522,000 after acquiring an additional 42 shares during the period. FCA Corp TX boosted its holdings in shares of QUALCOMM by 0.9% in the first quarter. FCA Corp TX now owns 4,817 shares of the wireless technology company’s stock worth $276,000 after acquiring an additional 43 shares during the period. Finally, Farmers Trust Co. boosted its holdings in shares of QUALCOMM by 0.9% in the second quarter. Farmers Trust Co. now owns 5,214 shares of the wireless technology company’s stock worth $288,000 after acquiring an additional 48 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

About QUALCOMM

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.

Analyst Recommendations for QUALCOMM (NASDAQ:QCOM)

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