QUALCOMM Incorporated (NASDAQ:QCOM) Touching Most Active List
Apr 21 2017 by Johnny Bowman
Qualcomm's GAAP earnings per share fell to 50 cents from 78 cents per share past year.
QUALCOMM (NASDAQ:QCOM) opened at 52.61 on Thursday. "In our view, Apple is trying to pressure Qualcomm during the litigation process". This is an interesting aspect to watch out for in Qualcomm's Q2 earnings call. Moreover, the company is foraying into areas like automotive, networking and mobile computing. Moreover, tough competition in the mobile phone chipset market, stringent regulatory norms along with anti-competitive and unfair business practices charges act as risks.
Several other brokerages also recently commented on QCOM. Morgan Stanley reaffirmed an "equal weight" rating on shares of QUALCOMM in a research report on Wednesday, January 25th. They now have a Dollars 64 price target on the stock.
Vijay Rakesh, Mizuho: Reiterates a Buy rating and cuts his price target to $68 from $75. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Finally, Cowen and Company reaffirmed an "outperform" rating and issued a $73.00 price target on shares of QUALCOMM in a report on Wednesday.
Now the shares of QUALCOMM Incorporated (QCOM) has a trading volume of 15.17 Million shares, with an average trading volume of 14490 shares - with shares dropping to a 52 week low of $48.38, and the company's shares hitting a 52 week high of $ 70.41. 2,442,865 shares of the company traded hands.
Company shares have been seen trading -25.69% off of the 52 week high and 8.14% away from the 52 week low. The stock's 50 day moving average price is $56.53 and its 200 day moving average price is $61.96.
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Qualcomm is scheduled to report fiscal second-quarter results after the market close Wednesday.
Qualcomm Inc, the largest maker of chips used in smartphones, reported quarterly revenue and profit that beat analysts' estimates, helping ease concerns surrounding the company's dispute with Apple Inc.
Qualcomm's non-GAAP results seem to be a bit better as they list their net Income at $2 Billion up from $1.6 Billion past year, while both Operating Income and Revenues went up from $1.9 Billion and $5.5 Billion to $2.2 Billion and $6 Billion. Comparatively, the peers have a net margin 3.21%, and the sector's average is 4.65%. During the same quarter a year ago, the company earned $1.04 EPS.
Currently, the market capitalization of QUALCOMM Incorporated (QCOM) is 77.71 Billion.
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Zacks Investment Research also rated the stock with a value of 1.91. (NASDAQ:QCOM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Shareholders of record on Wednesday, May 31st will be paid a $0.57 dividend. This dividend payment is based on the 7.5% hike in the last quarterly dividend declared on Mar 8, 2017. The ex-dividend date is Monday, February 27th. QUALCOMM's dividend payout ratio (DPR) is now 64.63%.