QUALCOMM (NASDAQ:QCOM) Receives Daily Media Impact Score of 0.07
News coverage about QUALCOMM (NASDAQ:QCOM) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. QUALCOMM earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the wireless technology company an impact score of 44.8518421740008 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Qualcomm (QCOM) Says ITC to Pursue Investigation of Apple (AAPL) – StreetInsider.com (streetinsider.com)
- QUALCOMM Incorporated (NASDAQ:QCOM) Expected to Post Earnings of $0.69 Per Share (americanbankingnews.com)
- QUALCOMM Incorporated (QCOM) is at $52.62 per share and Acacia Communications, Inc. (ACIA) is listed at $45.35 – Stocks Gallery (stocksgallery.com)
- Sumitomo Mitsui Trust Holdings, Inc. Marginally Increases Its Investment in QUALCOMM Incorporated (QCOM) – Modern Readers (modernreaders.com)
- QUALCOMM Incorporated (NASDAQ:QCOM) Trading Volume Significantly Lower – Modern Readers (modernreaders.com)
A number of brokerages have recently weighed in on QCOM. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company reissued an “outperform” rating on shares of QUALCOMM in a report on Monday, July 31st. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of QUALCOMM in a report on Tuesday, July 25th. Finally, BidaskClub lowered shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $63.96.
QUALCOMM (QCOM) traded up 0.92% during midday trading on Wednesday, reaching $52.77. 8,085,282 shares of the company’s stock were exchanged. The firm has a market capitalization of $77.89 billion, a P/E ratio of 20.21 and a beta of 1.29. The stock’s 50 day moving average is $55.44 and its 200 day moving average is $56.02. QUALCOMM has a 52 week low of $51.05 and a 52 week high of $71.62. QUALCOMM also was the recipient of some unusual options trading activity on Monday. Stock traders purchased 21,472 put options on the company. This represents an increase of 152% compared to the average daily volume of 8,513 put options.
QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. QUALCOMM’s revenue was down 11.1% compared to the same quarter last year. On average, analysts expect that QUALCOMM will post $4.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 dividend on an annualized basis and a yield of 4.32%. QUALCOMM’s payout ratio is 87.36%.
In other QUALCOMM news, EVP Donald J. Rosenberg sold 10,701 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $55.02, for a total transaction of $588,769.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Derek K. Aberle sold 23,104 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the sale, the president now owns 5,855 shares of the company’s stock, valued at $324,249.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,802 shares of company stock valued at $3,544,381. 0.24% of the stock is owned by insiders.
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QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company 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)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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