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Main » Oppenheimer Holdings Inc. Reaffirms Market Perform Rating for QUALCOMM, Inc. (QCOM)

Oppenheimer Holdings Inc. Reaffirms Market Perform Rating for QUALCOMM, Inc. (QCOM)

09 May 2017

By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Liberty Capital Management Inc.'s holdings in QUALCOMM were worth $390,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Finally, Argent Trust Co increased its stake in shares of QUALCOMM by 10.8% in the first quarter.

Now the shares of QUALCOMM Incorporated (QCOM) has a trading volume of 9.07 Million shares, with an average trading volume of 14850 shares - with shares dropping to a 52 week low of $48.64, and the company's shares hitting a 52 week high of $ 70.41. Creative Planning increased its stake in Gigamon by 8.7% in the first quarter. White Pine Investment CO now owns 72,337 shares of the wireless technology company's stock valued at $4,148,000 after buying an additional 1,635 shares in the last quarter. Nelson Roberts Investment Advisors LLC increased its stake in QUALCOMM by 6.2% in the third quarter. (NASDAQ:QCOM), 12 have Buy rating, 2 Sell and 17 Hold. Finally, Asset Management One Co. Advisor Consultant Network Inc. acquired a new position in QUALCOMM during the third quarter valued at $290,000. Asset Management One Co.

The number of shares now held by investors is 1.48 Billion.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Currently, HCP, profit margin for the 12 months is at 36.72%. (NASDAQ:QCOM) opened at 54.93 on Monday. The company has a 50-day moving average price of $34.99 and a 200 day moving average price of $42.30.

QUALCOMM, Inc. (NASDAQ:QCOM) has declined 18.56% since September 29, 2016 and is downtrending. The company provided earnings per share (EPS) guidance of $0.75-0.85 for the period, compared to the Thomson Reuters consensus estimate of $1.03. The wireless technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.29. QUALCOMM's quarterly revenue was up 8.1% compared to the same quarter past year. Adjusted for special items, first quarter EPS was $0.65 as compared to $0.57 for the same period a year ago. Equities analysts anticipate that QUALCOMM, Inc. will post $4.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. The ex-dividend date of this dividend is Friday, May 26th. Moreover, Lodestar Counsel Il has 0.93% invested in QUALCOMM, Inc. This represents a $2.28 annualized dividend and a dividend yield of 4.15%. QUALCOMM's dividend payout ratio is presently 64.63%.

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QCOM has been the subject of several recent research reports. Morgan Stanley downgraded shares of QUALCOMM from an overweight rating to an equal weight rating in a research report on Tuesday, January 31st. Rosenblatt Securities lowered shares of QUALCOMM from a "buy" rating to a "neutral" rating and set a $56.00 target price for the a research report on Wednesday, April 19th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $80.00 target price on shares of QUALCOMM in a research note on Wednesday, January 18th. The correct version of this report can be read at One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -9.74%, and has a poor year to date (YTD) performance of -14.96% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The company had a trading volume of 541,277 shares. On Thursday, January 28 the stock rating was maintained by Topeka Capital Markets with "Hold". Following the transaction, the executive vice president now directly owns 76,246 shares in the company, valued at approximately $4,005,202.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Pennsylvania-based Wealthtrust Axiom Ltd has invested 0.14% in QUALCOMM, Inc.

QUALCOMM Incorporated (QCOM) belongs to the "Technology" sector with an industry focus on "Communication Equipment", with Dr. Paul E. Jacobs Exec. Chairman.

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Oppenheimer Holdings Inc. Reaffirms Market Perform Rating for QUALCOMM, Inc. (QCOM)