A number of firms have modified their ratings and price targets on shares of QUALCOMM (NASDAQ: QCOM) recently:

  • 8/8/2017 – QUALCOMM was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Qualcomm continues to lead the global wireless baseband chipset market. Qualcomm gained the Taiwan Fair Trade Commission’s regulatory approval for the NXP Semiconductor buyout, but the deal is under thorough investigation by the European Commission. Qualcomm has launched its Mesh Networking Platform and seeks FCC's Approval for Antenna Pattern Testing. Qualcomm’s Snapdragon processor is known for its Internet of Things applications. Patent license network deals, tie-up with AT&T and Ericsson for 5G network trials bode well for Qualcomm’s prospects. Over the past three months, the stock price lags its industry’s performance. Further, competitive mobile phone chipset market, stringent regulatory norms along with anti-competitive and unfair business practices charges act as risks. The $1 billion dispute with Apple is getting uglier, with Apple getting the support of Silicon Valley biggies and its suppliers.”
  • 7/31/2017 – QUALCOMM had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/25/2017 – QUALCOMM was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/25/2017 – QUALCOMM had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 7/24/2017 – QUALCOMM was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/21/2017 – QUALCOMM had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $65.00 price target on the stock.
  • 7/20/2017 – QUALCOMM had its price target lowered by analysts at Deutsche Bank AG from $62.00 to $60.00. They now have a “hold” rating on the stock.
  • 7/20/2017 – QUALCOMM had its price target raised by analysts at BMO Capital Markets from $54.00 to $55.00. They now have a “market perform” rating on the stock.
  • 7/19/2017 – QUALCOMM had its “hold” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 7/18/2017 – QUALCOMM had its price target raised by analysts at Morgan Stanley from $55.00 to $60.00. They now have an “equal weight” rating on the stock.
  • 7/16/2017 – QUALCOMM was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/13/2017 – QUALCOMM had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $65.00 price target on the stock.
  • 7/10/2017 – QUALCOMM had its “outperform” rating reaffirmed by analysts at Cowen and Company.
  • 7/10/2017 – QUALCOMM had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $54.00 price target on the stock.
  • 7/5/2017 – QUALCOMM was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/5/2017 – QUALCOMM had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $55.00 price target on the stock.
  • 7/3/2017 – QUALCOMM was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $62.44 price target on the stock.
  • 6/30/2017 – QUALCOMM had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $56.00 price target on the stock.
  • 6/30/2017 – QUALCOMM had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $60.00 price target on the stock.
  • 6/28/2017 – QUALCOMM was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $62.37 price target on the stock.
  • 6/28/2017 – QUALCOMM was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $62.50 price target on the stock, down previously from $75.00.
  • 6/28/2017 – QUALCOMM had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $70.00 price target on the stock.
  • 6/27/2017 – QUALCOMM was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $62.13 price target on the stock.
  • 6/27/2017 – QUALCOMM had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 6/24/2017 – QUALCOMM was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/20/2017 – QUALCOMM was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Over the past three months, share price of Qualcomm has inched up 1.43%, failing to beat the Zacks categorized Wireless Equipment industry's 4.29% gain. Moreover, competitive mobile phone chipset market, stringent regulatory norms along with anti-competitive and unfair business practices charges act as risks. The dispute with Apple has not yet been settled. Qualcomm settled with BlackBerry by paying U.S. $940 million. However, recently, Qualcomm received the Taiwan Fair Trade Commission’s regulatory approval for the NXP Semiconductor buyout, but the deal is under thorough investigation by the European Commission. Qualcomm has launched its Mesh Networking Platform and seeks FCC's Approval for Antenna Pattern Testing. Qualcomm’s Snapdragon processor is known for its Internet of Things applications. Patent license network deals, tie-up with AT&T and Ericsson for 5G network trials bode well for Qualcomm’s prospects.”
  • 6/19/2017 – QUALCOMM is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $62.00 price target on the stock.
  • 6/18/2017 – QUALCOMM had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $67.00 price target on the stock, up previously from $61.00.

QUALCOMM Incorporated (NASDAQ:QCOM) traded down 0.81% during trading on Thursday, reaching $52.34. 10,767,985 shares of the company’s stock traded hands. The firm’s 50 day moving average is $54.70 and its 200-day moving average is $55.64. The company has a market capitalization of $77.26 billion, a price-to-earnings ratio of 20.05 and a beta of 1.29. QUALCOMM Incorporated has a 12 month low of $51.05 and a 12 month high of $71.62. QUALCOMM also was the target of some unusual options trading on Monday. Stock traders purchased 21,472 put options on the company. This is an increase of 152% compared to the typical volume of 8,513 put options.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. Analysts expect that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.

The firm also recently declared 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 dividend yield of 4.36%. QUALCOMM’s dividend payout ratio is 87.36%.

In related news, EVP Michelle M. Sterling sold 5,509 shares of QUALCOMM stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $59.11, for a total value of $325,636.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Derek K. Aberle sold 23,104 shares of QUALCOMM stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $55.38, for a total value of $1,279,499.52. Following the completion of the transaction, the president now directly owns 5,855 shares of the company’s stock, valued at $324,249.90. The disclosure for this sale can be found here. Insiders sold 52,101 shares of company stock valued at $2,955,612 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

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.

Receive News & Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.