Vetr downgraded shares of QUALCOMM Incorporated (NASDAQ:QCOM) from a buy rating to a hold rating in a research report released on Thursday. Vetr currently has $69.52 price target on the wireless technology company’s stock.

A number of other research firms also recently issued reports on QCOM. Canaccord Genuity raised their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the stock a buy rating in a report on Monday, November 13th. Zacks Investment Research raised shares of QUALCOMM from a sell rating to a hold rating in a report on Tuesday, October 3rd. Royal Bank Of Canada raised their price objective on shares of QUALCOMM from $70.00 to $77.00 and gave the stock an outperform rating in a report on Tuesday, November 14th. UBS AG raised shares of QUALCOMM from a market perform rating to an outperform rating in a report on Wednesday, November 8th. Finally, Standpoint Research downgraded shares of QUALCOMM from a buy rating to a hold rating in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $65.42.

QUALCOMM (NASDAQ:QCOM) traded up $0.56 on Thursday, hitting $68.69. 4,901,785 shares of the company were exchanged, compared to its average volume of 11,305,668. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. The stock has a market capitalization of $100,434.86, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.26. QUALCOMM has a one year low of $48.92 and a one year high of $70.24.

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

TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/24/qualcomm-incorporated-qcom-downgraded-by-vetr-inc-to-hold.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s payout ratio is currently 138.18%.

In other news, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michelle M. Sterling sold 7,840 shares of QUALCOMM stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total transaction of $521,830.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,937 shares of company stock worth $1,787,969. Company insiders own 0.17% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in QCOM. Ronald Blue & Co. LLC increased its position in 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 purchasing an additional 18 shares during the last quarter. Hollencrest Securities LLC boosted its stake in QUALCOMM by 0.9% during the second quarter. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company’s stock worth $241,000 after buying an additional 40 shares during the period. FCA Corp TX boosted its stake in QUALCOMM by 0.9% during the first quarter. FCA Corp TX now owns 4,817 shares of the wireless technology company’s stock worth $276,000 after buying an additional 43 shares during the period. Farmers Trust Co. boosted its stake in QUALCOMM by 0.9% during the second quarter. Farmers Trust Co. now owns 5,214 shares of the wireless technology company’s stock worth $288,000 after buying an additional 48 shares during the period. Finally, Meridian Investment Counsel Inc. boosted its stake in QUALCOMM by 0.3% during the second quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock worth $1,010,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

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)

Receive News & Stock Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related stocks with our FREE daily email newsletter.