Headlines about QUALCOMM (NASDAQ:QCOM) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. QUALCOMM earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the wireless technology company an impact score of 44.6010907672187 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Qualcomm Meets Broadcom After Rejecting Revised Offer (finance.yahoo.com)
- Qualcomm Rejects Broadcom Proposal, But Says Open To Further Discussions (markets.businessinsider.com)
- Qualcomm (QCOM) Provides Update on Meeting with Broadcom (AVGO); Says Proposal Materially Undervalues Company (streetinsider.com)
- Qualcomm Still Rejects Broadcom’s $121 Billion Offer (msn.com)
- Broadcom’s US$100bn loan takes loans to next level (finance.yahoo.com)
Several equities research analysts have recently issued reports on the stock. KeyCorp increased their target price on shares of QUALCOMM from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Canaccord Genuity increased their target price on shares of QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Vetr lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price on the stock. in a research note on Thursday, February 1st. ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. QUALCOMM has a consensus rating of “Hold” and a consensus target price of $68.25.
QUALCOMM (NASDAQ QCOM) traded down $0.43 on Friday, reaching $64.85. 11,753,752 shares of the company’s stock were exchanged, compared to its average volume of 11,850,000. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.25. QUALCOMM has a twelve month low of $48.92 and a twelve month high of $69.28. The stock has a market cap of $95,370.00, a price-to-earnings ratio of -26.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.38.
QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period last year, the company posted $1.19 EPS. The business’s revenue was up 1.7% on a year-over-year basis. sell-side analysts forecast that QUALCOMM will post 2.8 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is -93.06%.
In other QUALCOMM news, EVP Alexander H. Rogers sold 919 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $64.32, for a total value of $59,110.08. Following the transaction, the executive vice president now directly owns 11,116 shares of the company’s stock, valued at approximately $714,981.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 874 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the transaction, the executive vice president now directly owns 12,035 shares in the company, valued at $824,638.20. The disclosure for this sale can be found here. Insiders sold a total of 53,346 shares of company stock worth $3,499,504 over the last three months. Corporate insiders own 0.17% of the company’s stock.
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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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