Several other analysts have also commented on QCOM.
The consensus recommendation, according to Zacks Investment research, is 1.86. Finally, Morgan Stanley downgraded shares of QUALCOMM from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, January 31st. Vetr raised shares of QUALCOMM from a buy rating to a strong-buy rating and set a $73.44 price target on the stock in a research report on Monday, January 2nd. 5,813,187 shares of the company's stock traded hands.
Windstream Holdings, Inc. (NASDAQ:WIN) shares moved to $4.34 after starting the day at $4.46 on Tuesday. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. If the $50.93 price target is reached, the company will be worth $6.61B less.
QUALCOMM Incorporated (NASDAQ:QCOM) has declined -13.38% since January and is up 1.45% for the past week. About 331 shares traded. The company has market cap of $82.04 billion.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -8.78%, and has a poor year to date (YTD) performance of -14.3% which means the stock is constantly subtracting to its value from the previous fiscal year end price.
The High Revenue estimate is predicted as 5.55 Billion, while the Low Revenue Estimate prediction stands at 5.15 Billion.
22 analysts on average are expecting QUALCOMM Incorporated to report earnings of $1.19 per share for the current quarter. The wireless technology company reported $1.34 EPS for the quarter, beating the Zacks' consensus estimate of $1.05 by $0.29.
For a total return analysis, there is the 11.90% return on equity and the 14.30% return on assets to consider.
In case of Revenue Estimates, 5260000 analysts have provided their consensus Average Revenue Estimates for QUALCOMM Incorporated as 18000. For the last quarter, the stock has performed -1.08%. The company's revenue for the quarter was up 8.1% compared to the same quarter a year ago. Equities analysts forecast that QUALCOMM, Inc. will post $4.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be given a $0.57 dividend. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 34.
Annual Dividend Yield of QUALCOMM Incorporated (QCOM) stands at 4.08%. The ex-dividend date is Friday, May 26th.
TRADEMARK VIOLATION WARNING: This report was reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & worldwide trademark and copyright laws. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/05/18/qualcomm-inc-qcom-given-new-50-00-price-target-at-jpmorgan-chase-co-updated.html. Also, EVP Donald J. Rosenberg sold 10,701 shares of QUALCOMM stock in a transaction that occurred on Thursday, May 11th. (QCOM) shows a double bottom with $50.93 target or 8.00 % below today's $55.36 share price. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Penserra Capital Management LLC now owns 1,911 shares of the wireless technology company's stock valued at $129,000 after buying an additional 926 shares during the period. Exane Derivatives now owns 6,626 shares of the wireless technology company's stock valued at $454,000 after buying an additional 1,199 shares during the period. The disclosure for this sale can be found here. Spark Investment Management Llc owns 140,500 shares or 0.02% of their U.S. portfolio.
Hedge funds and other institutional investors have recently modified their holdings of the company.
05/04/2017 - QUALCOMM Incorporated had its "market perform" rating reiterated by analysts at Sanford C. Bernstein.
QUALCOMM Incorporated (QCOM) has the market capitalization of $81.71 Billion. Vanguard Group Inc. increased its stake in shares of QUALCOMM by 2.2% in the first quarter. About shares traded. ViaSat, Inc. Fiduciary Group LLC boosted its position in shares of QUALCOMM by 2.8% in the third quarter. Norges Bank bought a new position in QUALCOMM during the fourth quarter worth $922,599,000. Tradewinds Capital Management LLC boosted its stake in shares of QUALCOMM by 4.8% in the third quarter.
Watching some historical volatility numbers on shares of QUALCOMM Incorporated (NasdaqGS:QCOM), we can see that the 12 month volatility is presently 27.457000. FNY Managed Accounts LLC bought a new position in QUALCOMM during the third quarter worth approximately $582,000. American National Bank now owns 2,825 shares of the wireless technology company's stock valued at $162,000 after buying an additional 822 shares during the period.
A number of institutional investors have recently made changes to their positions in the company.