tiptrot.com June 26, 2017

Are Analysts Bullish about QUALCOMM, Inc

24 May 2017, 04:07 | Deanna Wagner

California State Teachers Retirement invested 0.42% in QUALCOMM, Inc. The company's stock has a normal trading capacity of 10.49M shares while the relative volume is 1.58. Rosenberg Donald J sold $588,767 worth of stock. FMR LLC boosted its stake in QUALCOMM by 1.3% in the first quarter. Federated Investors Inc. PA now owns 402,062 shares of the wireless technology company's stock valued at $26,214,000 after buying an additional 217,276 shares in the last quarter. Tredje AP fonden boosted its stake in shares of QUALCOMM by 8.8% in the fourth quarter. Nelson Roberts Investment Advisors LLC now owns 85,292 shares of the wireless technology company's stock worth $5,843,000 after buying an additional 4,986 shares during the last quarter. Edmond DE Rothschild Monaco purchased a new position in shares of QUALCOMM during the third quarter valued at about $112,000. 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. The stock of Manhattan Associates, Inc. Finally, Loomis Sayles & Co. Beta value of the stock is marked at 0.68. $491,286 worth of QUALCOMM, Inc.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 19th. Following last close company's stock, is 6.31% above their SMA 50 and 0.60% above the 52-week high. The company has market cap of $89.61 billion.

RBC joins a growing list of bullish analysts that have chimed in on Apple stock recently - boosting the shares 0.5% in electronic trading, even after Universal Secure Registry filed a patent infringement lawsuit against the company.

Hall also suggested that Qualcomm's next logical step would be requesting a trade injunction against Apple's contract manufacturers but this will be complex and lengthy. Stock traders acquired 51,480 call options on the stock.

QUALCOMM Incorporated (QCOM) is expected to post revenue of $5.89 Billion in the current quarter, according to consensus of 22 analysts. The wireless technology company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.29. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. The business had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.86 billion. Its up 722.93% from 64,100 shares previously. The company's past year sales total was 6.03 Billion. On average, analysts forecast that QUALCOMM, Inc. will post $4.23 earnings per share for the current year. Shareholders of record on Wednesday, May 31st will be issued a $0.57 dividend. The ex-dividend date is Friday, May 26th.

Ngam Advisors Lp increased its stake in Qualcomm Inc (QCOM) by 5.06% based on its latest 2016Q4 regulatory filing with the SEC. This represents a $2.28 annualized dividend and a yield of 4.34%. QUALCOMM's dividend payout ratio is presently 64.63%. If you are reading this news story on another publication, it was illegally stolen and republished in violation of global copyright & trademark legislation. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/05/23/retirement-systems-of-alabama-has-62-442-million-position-in-qualcomm-inc-qcom.html. (NASDAQ:QCOM). Cim Inv Mangement, a Pennsylvania-based fund reported 11,806 shares. Vetr lowered shares of QUALCOMM from a strong-buy rating to a buy rating and set a $74.42 target price on the stock.in a research report on Tuesday, January 17th. A 11 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of BX or, if they already own its stock, sell it. Oppenheimer Holdings now has a "Market Perform" rating on the stock. The institutional investor held 3.07 million shares of the radio and television broadcasting and communications equipment company at the end of 2016Q4, valued at $200.23 million, down from 3.66 million at the end of the previous reported quarter. Buy rating has been given by 7 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 10 analysts given HOLD rating.

QUALCOMM Incorporated (QCOM) has been given an average price target of $60.72 from analysts, according to data collected by Finviz. Over the past 2 quarters, the stock is down -11.52%, compared with a gain of almost 3.10% for 3 months and about 9.51% for the past 30 days.

To stay one step ahead we extended our research by comparing different price targets. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In related news, EVP James H. Thompson sold 25,000 shares of the stock in a transaction that occurred on Friday, April 21st. The disclosure for this purchase can be found here.

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