Media coverage about QUALCOMM (NASDAQ:QCOM) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.11 on Accern’s scale. Accern also assigned news articles about the wireless technology company an impact score of 46.0548370546185 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Wait for Volatility to Subside Before Buying Broadcom Ltd Stock – Investorplace.com (investorplace.com)
- QUALCOMM Incorporated (NASDAQ:QCOM) Bears in Favor – Live Trading News (livetradingnews.com)
- Trade of the Day: QUALCOMM, Inc. (QCOM) – Investorplace.com (investorplace.com)
- Why CFIUS Is Becoming a Bigger Deal for Deals (finance.yahoo.com)
- China Pushes Qualcomm to Protect Local Companies in NXP Deal (finance.yahoo.com)
Shares of QCOM stock traded down $1.45 on Wednesday, reaching $56.81. The company’s stock had a trading volume of 12,231,943 shares, compared to its average volume of 13,441,675. QUALCOMM has a 12 month low of $48.92 and a 12 month high of $69.28. The stock has a market cap of $86,408.79, a price-to-earnings ratio of -20.00, a PEG ratio of 1.82 and a beta of 1.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.25.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts predict that QUALCOMM will post 2.8 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is presently -80.28%.
A number of research firms have recently commented on QCOM. Morgan Stanley began coverage on QUALCOMM in a research report on Monday. They set an “underweight” rating and a $55.00 target price on the stock. Wells Fargo began coverage on QUALCOMM in a research report on Friday, March 16th. They set a “market perform” rating on the stock. Deutsche Bank began coverage on QUALCOMM in a research report on Thursday, March 15th. They set a “hold” rating and a $60.00 target price on the stock. BidaskClub cut QUALCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Zacks Investment Research cut QUALCOMM from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. QUALCOMM has an average rating of “Hold” and a consensus target price of $68.05.
In other QUALCOMM news, EVP Alexander H. Rogers sold 713 shares of QUALCOMM stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the sale, the executive vice president now owns 10,403 shares of the company’s stock, valued at approximately $709,484.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matthew S. Grob sold 43,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the completion of the sale, the executive vice president now directly owns 43,000 shares in the company, valued at approximately $2,810,050. The disclosure for this sale can be found here. Insiders sold a total of 95,938 shares of company stock worth $6,137,671 in the last ninety days. 0.24% of the stock is owned by corporate 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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