Brokerages expect QUALCOMM, Inc. (NASDAQ:QCOM) to report $4.91 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for QUALCOMM’s earnings, with the lowest sales estimate coming in at $4.90 billion and the highest estimate coming in at $4.94 billion. QUALCOMM posted sales of $6.07 billion in the same quarter last year, which suggests a negative year over year growth rate of 19.1%. The business is scheduled to report its next earnings report on Wednesday, January 30th.

On average, analysts expect that QUALCOMM will report full year sales of $20.81 billion for the current fiscal year, with estimates ranging from $19.80 billion to $21.42 billion. For the next fiscal year, analysts expect that the business will post sales of $22.13 billion, with estimates ranging from $20.55 billion to $23.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for QUALCOMM.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 7th. The wireless technology company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.20. QUALCOMM had a negative net margin of 21.40% and a positive return on equity of 26.21%. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the firm earned $0.92 earnings per share. QUALCOMM’s quarterly revenue was down 2.1% on a year-over-year basis.

A number of equities research analysts have commented on QCOM shares. Rosenblatt Securities upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and raised their price target for the stock from $56.00 to $70.00 in a report on Monday, August 20th. Canaccord Genuity raised their price target on shares of QUALCOMM from $81.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Macquarie upgraded shares of QUALCOMM from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $84.00 in a report on Tuesday, September 4th. Nomura raised their price target on shares of QUALCOMM from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 4th. Finally, Royal Bank of Canada raised their price target on shares of QUALCOMM to $77.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. QUALCOMM currently has a consensus rating of “Buy” and a consensus target price of $70.44.

In other news, EVP Alexander H. Rogers sold 854 shares of QUALCOMM stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $72.18, for a total transaction of $61,641.72. Following the completion of the transaction, the executive vice president now directly owns 5,197 shares in the company, valued at $375,119.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald J. Rosenberg sold 6,297 shares of QUALCOMM stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $55.22, for a total transaction of $347,720.34. The disclosure for this sale can be found here. Insiders have sold 114,952 shares of company stock valued at $7,665,408 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCOM. Bell Rock Capital LLC bought a new position in shares of QUALCOMM during the third quarter valued at about $101,000. Moneta Group Investment Advisors LLC lifted its position in shares of QUALCOMM by 9,686.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 74,282 shares of the wireless technology company’s stock valued at $105,000 after purchasing an additional 73,523 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its position in shares of QUALCOMM by 195.0% during the third quarter. Sterling Investment Advisors Ltd. now owns 1,549 shares of the wireless technology company’s stock valued at $112,000 after purchasing an additional 1,024 shares in the last quarter. Kiley Juergens Wealth Management LLC lifted its position in shares of QUALCOMM by 1,760.0% during the third quarter. Kiley Juergens Wealth Management LLC now owns 1,860 shares of the wireless technology company’s stock valued at $133,000 after purchasing an additional 1,760 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC lifted its position in shares of QUALCOMM by 170.9% during the third quarter. MinichMacGregor Wealth Management LLC now owns 1,850 shares of the wireless technology company’s stock valued at $134,000 after purchasing an additional 1,167 shares in the last quarter. 89.63% of the stock is currently owned by institutional investors.

NASDAQ:QCOM opened at $55.99 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.55 and a debt-to-equity ratio of 16.56. The firm has a market capitalization of $67.87 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.38 and a beta of 1.66. QUALCOMM has a 12 month low of $48.56 and a 12 month high of $76.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Wednesday, December 5th. QUALCOMM’s dividend payout ratio is currently 77.74%.

About QUALCOMM

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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