According to the information made available by Bloomberg.com, the twenty-eight brokerages currently covering QUALCOMM Incorporated (NASDAQ: QCOM) have given the company an average rating of “Moderate Buy” to stock the company. The stock has been recommended to sell by one of the equity research analysts, a recommendation to hold by five of them, a recommendation to buy by thirteen of them, and a strong buy rating by one. According to analysts who have updated their coverage within the past year, the share price of the company’s stock is projected to rise to a price objective of $157.31 within the next year.
A significant number of brokerages have provided their perspectives on QCOM. Sanford C. Bernstein stated in a research note released on Friday, November 4, that they had decreased their price goal on QUALCOMM shares to $165.00 due to recent market activity. In a research report published on November 3, Rosenblatt Securities lowered their “buy” rating and price objective on QUALCOMM, which they had previously set at $220.00. This was done about the company’s stock. In a research note distributed on November 15, Credit Suisse Group announced that it would be covering Qualcomm shares. They assigned an “outperform” rating to the stock and forecasted that the price of the company’s shares would rise to $150. Robert W. Baird lowered their price objective on QUALCOMM from $250 to $150 in a research note published on November 3. In the end, Mizuho lowered their “buy” rating and target price for QUALCOMM, which had previously been set at $175.00, in a research note published on November 3. The new price at which we are aiming is $150.00.
When trading started on Friday, one share of QUALCOMM was selling for $115.34 per share. The debt-to-equity ratio is 0.75, the current ratio is 1.75, and the quick ratio is 1.21. All of these numbers are approximately correct. The moving average for the company over the past 50 days is $116.86, and the moving average over the last 200 days is $126.49. In the past 52 weeks, the price of Qualcomm has ranged from a low of $101.93 to a high of $192.10. The current price is $101.93. Because the company has a market value of $129.30 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.80, and a beta value of 1.23, it is an investment opportunity that is well worth considering. In addition to that, the company possesses a beta value that is positive.
The results of the most recent quarterly earnings report for QUALCOMM (NASDAQ: QCOM) were made public on November 2, 2013, a Wednesday. The cellular technology company reported quarterly earnings of $2.74 per share, which was in line with the average projection of $2.74 per share. The return on investment for QUALCOMM was calculated to be 86.71 percent, and the net margin for the company was 29.27 percent. The company’s revenue for the quarter was significantly higher than the analysts’ projections of $11.38 billion, coming in at $11.40 billion instead of $11.38 billion. Sell-side analysts predict that QUALCOMM will generate earnings of $8.92 per share during the current fiscal year.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 15. In addition, the company just recently announced and distributed a dividend. On December 1, dividend payments were distributed to investors who were “recorded” as having company shares. The amount of each dividend payment was $0.75 per share. This results in the investment producing a yield of 2.60% and an annual dividend payment of $3.00 for the shareholder. On November 30, the shareholders were each given a dividend payment for their investment in the company. The amount of a company’s earnings that are paid out in the form of dividends by Qualcomm is 26.36%.
According to information from other sources regarding QUALCOMM, on Tuesday, December 6, corporate insider Alexander H. Rogers sold 26,427 shares of the company’s stock. At an average price of $122.33 per share, the shares were sold for a total price of $3,232,814.91, making the total price of the sale $3,232,814.91. The successful completion of the transaction has resulted in the insider now directly owns 51,179 shares of the company. The total value of these shares is approximately 6,260,727.07 dollars. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. According to information obtained from other sources regarding QUALCOMM, on Tuesday, December 6, corporate insider Alexander H. Rogers sold 26,427 shares of the company’s stock. At an average price of $122.33 per share, the shares were sold for a total price of $3,232,814.91, making the total price of the sale $3,232,814.91. The successful completion of the transaction has resulted in the insider now directly owns 51,179 shares of the company. The total value of these shares is approximately 6,260,727.07 dollars. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. In addition, on November 21, Chief Administrative Officer Erin L. Polek sold 2,894 shares of the company’s stock. It was determined that a total of $350,463.40 worth of shares were traded at an average price of $121.10 per share. The number of shares that were traded was not specified. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders hold only 0.05% of the total number of shares in the company.
Recently, institutional investors and hedge funds adjusted the percentage of the company’s stock they held in their portfolios to better align with their investment strategies. Mission Wealth Management LP increased the proportion of QUALCOMM shares that it held by 4.8% during the third quarter. Mission Wealth Management LP now has 14,528 shares of the cellular technology company’s stock, which are currently valued at $1,641,000 due to their purchase of an additional 671 shares during the period in question. This brings the total number of shares owned by the firm to 14,528. ARGI Investment Services LLC made a 3.5% purchase of additional QUALCOMM stock during the third quarter, which increased the company’s ownership percentage. ARGI Investment Services LLC now owns 3,595 shares of the company’s stock, which has a value of $406,000, after purchasing an additional 122 shares of the company’s stock during the period in question. This brings the total number of shares owned by the company to 3,595. Desjardins Global Asset Management Inc. increased the amount of QUALCOMM stock owned by 2.5 percent over the third quarter. Desjardins Global Asset Management Inc. now has a total of 10,899 shares of the stock of the cellular technology company after purchasing an additional 266 shares during the quarter. The company’s stock is currently valued at a total of $1,231,000 due to the 10,899 shares that are held. During the third quarter, Massmutual Trust Co. FSB ADV increased the amount of QUALCOMM stock that it owned, bringing its total percentage of ownership to 83.0%. Massmutual Trust Co. FSB ADV now has a total of 23,802 shares of the stock of the cellular technology company following the purchase of an additional 1,830 shares during the most recent period. Each share of this company’s stock is currently valued at $2,689,000.
Last but not least, during the second quarter, Diversified Trust Company added 5.2% more QUALCOMM stock to its portfolio, bringing the total percentage of the company’s holdings in that company up to 98.4%. After making an additional 723 stock purchases during the time frame in question, Diversified Trust Company is now the proud owner of a total of 14,758 shares of the publicly traded equity of the wireless technology company. At this point, the value of these shares is $1,885,000. Institutional investors hold a majority stake in the company, accounting for 70.87 percent of the total shares outstanding.
Analysts have given QUALCOMM Incorporated (NASDAQ:QCOM) a consensus rating of “Moderate Buy.”
