Published: Thu, May 04, 2017
Economy | By Melissa Porter

QUALCOMM, Inc. (QCOM) Rating Reiterated by Cowen and Company

QUALCOMM, Inc. (QCOM) Rating Reiterated by Cowen and Company

Vetr lowered QUALCOMM from a "strong-buy" rating to a "buy" rating and set a $72.42 price objective for the a report on Tuesday, January 3rd. Cowen and Company's price target suggests a potential upside of 36.99% from the company's current price.

Several analysts have weighed in on QCOM shares.

Standpoint Research upgraded shares of QUALCOMM, Inc. Stifel Nicolaus has "Buy" rating and $70 target. Wells Fargo & Co reiterated an "outperform" rating and set a $75.00 price objective (down from $80.00) on shares of QUALCOMM in a research report on Saturday, January 28th.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. (NASDAQ:QCOM) from a hold rating to a buy rating in a research note published on Friday morning. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Sometimes it may seem like it, but analysts don't just pull their price targets out of thin air.

QUALCOMM (NASDAQ:QCOM) opened at 53.60 on Monday. The stock closing price is now trading upward to its 50 day moving average with change of 1.17%, escalated to its 20 day moving average with figure of 0.44% and behind its 200 day moving average with value -2.96%. Analysts mean target price for Valero Energy Corporation (NYSE:VLO) is $71.91 while their mean recommendation is 2.30 (1=Buy, 5=sell). The firm has a market cap of $79.90 billion, a P/E ratio of 18.02 and a beta of 1.31.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 19th. The short ratio in the company's stock is documented at 1.54 and the short float is around of 1.08%. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%.

22 analysts on average are expecting the company to report revenue of $5.89 Billion for the current quarter. Annual EPS Growth of past 5 years is 7.10%. The firm's revenue was up 8.1% compared to the same quarter a year ago. On average, equities research analysts predict that QUALCOMM will post $4.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.57 per share. This is a positive change from QUALCOMM's previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 26th. The Company dividend yield observed at 4.24%. QUALCOMM's dividend payout ratio (DPR) is now 64.63%. Hennessy has 0.17% invested in QUALCOMM, Inc. The firm owned 9,245 shares of the wireless technology company's stock after buying an additional 892 shares during the period.

COPYRIGHT VIOLATION WARNING: This report was originally published by Transcript Daily and is the property of of Transcript Daily. The original version of this article can be viewed at Also, Director Anthony J. Vinciquerra purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, January 30th.

QUALCOMM Incorporated (QCOM)'s distance from 200 day simple moving average is -11.68 percent, its distance from 50 day simple moving average is -4.15 percent, while its distance from 20 day simple moving average is -1.44 percent. Also, EVP James H. Thompson sold 25,000 shares of the business's stock in a transaction on Friday, April 21st. Leavell Investment Management Inc. now owns 15,617 shares of the wireless technology company's stock valued at $1,070,000 after buying an additional 2,027 shares during the period. Over the last three months, the shares of the company have changed 6.55% and performed -4.44% over the last six months. The disclosure for this purchase can be found here. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Edmond DE Rothschild Monaco bought a new position in QUALCOMM during the third quarter worth about $112,000. Community Bank N.A. boosted its position in QUALCOMM by 0.8% in the first quarter.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for QUALCOMM Incorporated the EPS stands at 1.34 for the previous quarter, while the analysts predicted the EPS of the stock to be 1.2, suggesting the stock exceeded the analysts' expectations. Genesee Valley Trust Co. boosted its position in QUALCOMM by 40.8% in the first quarter.

If we look at stock performance in last active day trading, we see that stock has moved slumped -0.39% to end the day at $64.36.

Like this: