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QUALCOMM (NASDAQ: QCOM) price target was increased by stock analysts at 140166 from $ 165.00 to $ 175.00. Raised USD 00 in a research note to investors on Thursday, Stock Target Advisor reports. The broker currently has a « positive » rating for the share of the mobile communications company. The price target of 140166 would represent a potential gain of 19.45% over the current price of the stock.
QCOM has been the subject of several other research reports. Rosenblatt Securities raised its price target for QUALCOMM shares from USD 155.00 to USD 175.00 and gave the company a « Buy » rating in a research note on Wednesday. Citigroup downgraded QUALCOMM’s shares from a « buy » rating to a « neutral » rating and set a price target of $ 165.00 for the company. in a research report on Thursday. Canaccord Genuity raised its price target for QUALCOMM shares from USD 175.00 to USD 180.00 and gave the company a « Buy » research note on Tuesday, January 5th. Morgan Stanley cut its price target on QUALCOMM shares from $ 171.00 to $ 167.00 and stated an « overweight » for the stock in a report on Thursday. Finally, Cascend Securities raised its price target on QUALCOMM shares from $ 175.00 to $ 185.00 and rated the company a « Buy » in a report on Tuesday. One investment analyst has given the stock a sell rating, eleven have given a hold rating, twenty have given a buy rating, and one has given the company’s stock a strong buy rating. The company currently has a consensus rating of « Buy » and a consensus price target of $ 156.93.
NASDAQ QCOM’s shares were trading at $ 15.79 at noon on Thursday to hit $ 146.51. The share had a trading volume of 1,308,359 shares compared to an average volume of 7,693,811 shares. The company has a market cap of $ 166.40 billion, a PE ratio of 32.42, a P / E / G ratio of 1.27, and a beta of 1.34. The stock has a 50-day simple moving average of $ 154.68 and a 200-day simple moving average of $ 131.23. QUALCOMM has a 1 year low of $ 58.00 and a 1 year high of $ 167.94. The company has a quick rate of 1.84, a current rate of 2.14, and a leverage ratio of 2.51. (adsbygoogle = window.adsbygoogle || []). push ({});
QUALCOMM (NASDAQ: QCOM) last announced its results on Wednesday, February 3rd. The wireless technology company reported earnings of $ 2.17 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 2.10 by $ 0.07. The company had revenue of $ 8.24 billion for the quarter, compared to analyst estimates of $ 8.26 billion. QUALCOMM had a net margin of 22.09% and a return on equity of 90.74%. QUALCOMM’s revenue increased 62.2% from the year-ago quarter. For the same quarter last year, the company posted earnings of $ 0.80 per share. Analysts assume that QUALCOMM will achieve earnings per share of 6.33 in the current fiscal year.
In related news, CAO Erin L. Polek sold 3,455 shares in the company in a transaction that occurred on Monday, November 23. The shares were sold at an average price of $ 142.48 for a total transaction of $ 492,268.40. Following the sale, the chief accounting officer now owns 2,738 shares in the company valued at $ 390,110.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In addition, President Cristiano R. Amon sold 73,220 shares in the company on Wednesday, December 16. The stock sold at an average price of $ 148.72 for a total transaction of $ 10,889,278.40. Following the sale, the President now holds 50,753 shares in the company valued at approximately $ 7,547,986.16. The disclosure for this sale can be found here. In the past three months, insiders have sold 136,909 shares in the company, valued at $ 20,502,275. Corporate insiders own 0.12% of the company’s stock.
Several institutional investors and hedge funds have recently changed their positions in the business. Nuveen Asset Management LLC increased its stake in QUALCOMM by 9.2% in the third quarter. Nuveen Asset Management LLC now owns 10,409,162 shares in the wireless technology company valued at $ 1,224,950,000 after purchasing an additional 873,223 shares last quarter. Morgan Stanley increased its stake in QUALCOMM by 12.9% in the third quarter. Morgan Stanley now owns 6,489,410 shares of the wireless technology company valued at $ 763,673,000 after purchasing an additional 740,296 shares during the period. CIBC Private Wealth Group LLC increased its stake in QUALCOMM by 14.7% in the third quarter. CIBC Private Wealth Group LLC now owns 3,275,797 shares in the wireless technology company valued at $ 385,428,000, after acquiring an additional 418,994 shares during the period. The New York State Common Retirement Fund increased its stake in QUALCOMM by 6.1% in the third quarter. The New York State Common Retirement Fund now holds 2,806,081 shares of the wireless technology company, valued at $ 330,220,000, after purchasing an additional 160,900 shares during the period. Finally, the California Public Employees Retirement System increased its stake in QUALCOMM by 3.5% in the fourth quarter. California Public Employees Retirement System now owns 2,680,064 shares of the wireless technology company valued at $ 408,281,000 after purchasing an additional 91,329 shares during the reporting period. Institutional investors hold 74.76% of the company’s shares.
QUALCOMM Incorporated develops and commercializes fundamental technologies and products used in mobile devices and other wireless products, including network devices, broadband gateway devices, consumer electronics devices and other connected devices worldwide. The company operates in three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
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