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QUALCOMM's (QCOM) Overweight Rating Reaffirmed at Pacific Crest

23 May 2017

A number of brokerages recently commented on QCOM.

Sell-side analysts are offering a consensus "Buy" rating on shares of Gigamon Inc. Rosenblatt Securities upgraded shares of QUALCOMM from a neutral rating to a buy rating and set a $75.00 target price on the stock in a research report on Thursday, January 12th. Instinet cut their price target on shares of QUALCOMM to $65.00 in a research report on Thursday, January 26th. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus price target of $63.62.

QUALCOMM Incorporated (QCOM) ended its last session at $57.67 by Surging 2.76%.

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Another critical number in evaluating a stock is P/E or the price to earnings ratio. The firm shares 50 day moving average were calculated 5.56%. QUALCOMM has a 12 month low of $50.84 and a 12 month high of $71.62. QUALCOMM also was the target of some unusual options trading activity on Friday. This is an increase of approximately 364% compared to the average daily volume of 11,084 call options.

While looking at the Stock's Performance, QUALCOMM Incorporated now shows a Weekly Performance of 4.25%, where Monthly Performance is 9.51%, Quarterly performance is 3.1%, 6 Months performance is -11.52% and yearly performance percentage is 13.21%.

The company's expected revenue in the current quarter to be 5.26 Billion, seeing a projected current quarter growth of -30.2%, and per annum growth estimates over the next 5 year period of around 10.5%. They expect $0.68 earnings per share, down 33.98% or $0.35 from last year's $1.03 per share.

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The company reported an impressive total revenue of 23.55 Billion in the last fiscal year.

QUALCOMM, Inc. (NASDAQ:QCOM) yearly performance is 13.21% and net profit margin is 19.20%.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Ifc Fl invested in 0.11% or 16,421 shares. This represents a $2.28 annualized dividend and a dividend yield of 3.95%. Jasper Ridge Partners Lp invested 0.02% of its portfolio in QUALCOMM, Inc. QUALCOMM's payout ratio is now 64.63%. Qualcomm Inc now has $87.56B valuation. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and global copyright & trademark laws. While looking the figure depicted by the Price to Earning we can suggest that the shares of QUALCOMM Incorporated (QCOM) are overvalued. Rosenberg Donald J sold $588,767 worth of stock. The stock grabbed 131 new institutional investments totaling 27,806,900 shares while 188 institutional investors sold out their entire positions totaling 29,608,699 shares. Greenwood Assocs Limited Liability Corporation reported 1.34% in QUALCOMM, Inc. VINCIQUERRA ANTHONY J bought $53,985 worth of stock or 1,000 shares. The disclosure for this purchase can be found here. Stock investors bought 51,480 call options on the company. Financial Advisors Network Inc. raised its stake in shares of QUALCOMM by 10.4% in the first quarter. Trust Co increased its position in shares of QUALCOMM by 2.2% in the fourth quarter. Hayek Kallen Investment Management now owns 46,177 shares of the wireless technology company's stock valued at $3,163,000 after buying an additional 586 shares in the last quarter. The legal version of this story can be read at FNY Managed Accounts LLC purchased a new stake in shares of QUALCOMM during the first quarter valued at $157,000. Jacobi Capital Management LLC now owns 2,467 shares of the wireless technology company's stock valued at $164,000 after buying an additional 248 shares during the period. Inc. now owns 123,633 shares of the wireless technology company's stock worth $7,089,000 after buying an additional 29,422 shares in the last quarter.

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QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access. The Firm 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) standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.