QUALCOMM (NASDAQ:QCOM – Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect QUALCOMM to post earnings of $2.56 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
QUALCOMM Stock Up 1.5 %
QCOM opened at $165.27 on Monday. QUALCOMM has a 1-year low of $114.45 and a 1-year high of $230.63. The firm’s 50 day simple moving average is $168.77 and its two-hundred day simple moving average is $182.12. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $184.11 billion, a PE ratio of 21.41, a PEG ratio of 1.63 and a beta of 1.28.
QUALCOMM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.06%. QUALCOMM’s dividend payout ratio is currently 44.04%.
Insider Buying and Selling
Analyst Ratings Changes
A number of brokerages have commented on QCOM. HSBC cut QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a research report on Wednesday, July 17th. Hsbc Global Res cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Rosenblatt Securities lifted their price target on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup reduced their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Finally, KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $207.92.
Get Our Latest Report on QUALCOMM
QUALCOMM Company Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.
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