News headlines about QUALCOMM (NASDAQ:QCOM) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. QUALCOMM earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news coverage about the wireless technology company an impact score of 44.2495899948952 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Insider Selling: QUALCOMM, Inc. (QCOM) EVP Sells 789 Shares of Stock (americanbankingnews.com)
- SHAREHOLDER ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Qualcomm Incorporated – QCOM (finance.yahoo.com)
- INVESTOR DEADLINE NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against QUALCOMM Incorporated and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm (finance.yahoo.com)
- Hagens Berman Reminds Investors in Qualcomm Incorporated (NASDAQ:QCOM) of the August 7, 2018 Securities Class Action Lead Plaintiff Deadline (finance.yahoo.com)
- Qualcomm and Gizwits Work to Create the World’s First Commercial IoT Development Platform Supporting Field Upgrade to LTE IoT (finance.yahoo.com)
QUALCOMM opened at $56.12 on Friday, Marketbeat Ratings reports. The firm has a market cap of $82.89 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.80 and a beta of 1.50. QUALCOMM has a one year low of $48.56 and a one year high of $69.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.60 and a quick ratio of 3.46.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 25th. The wireless technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.21 billion. QUALCOMM had a negative net margin of 20.16% and a positive return on equity of 16.48%. QUALCOMM’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. sell-side analysts anticipate that QUALCOMM will post 2.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 20th. Stockholders of record on Wednesday, May 30th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Tuesday, May 29th. This is a boost from QUALCOMM’s previous quarterly dividend of $0.57. QUALCOMM’s payout ratio is presently 65.61%.
QUALCOMM announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 9th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the wireless technology company to reacquire up to 12.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Several brokerages have recently issued reports on QCOM. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Monday, April 23rd. Deutsche Bank started coverage on shares of QUALCOMM in a research note on Thursday, March 15th. They set a “hold” rating and a $60.00 price objective on the stock. BidaskClub lowered shares of QUALCOMM from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of QUALCOMM from a “hold” rating to a “sell” rating in a report on Monday, April 30th. Finally, Wells Fargo & Co began coverage on shares of QUALCOMM in a report on Friday, March 16th. They set a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.50.
In related news, EVP Alexander H. Rogers sold 1,052 shares of the business’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $59.55, for a total value of $62,646.60. Following the completion of the transaction, the executive vice president now owns 8,787 shares of the company’s stock, valued at $523,265.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 789 shares of the business’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $56.55, for a total value of $44,617.95. Following the completion of the transaction, the executive vice president now directly owns 7,998 shares of the company’s stock, valued at approximately $452,286.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,255 shares of company stock valued at $1,612,477. 0.17% of the stock is owned by insiders.
QUALCOMM Company Profile
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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