Chipmaker Qualcomm's revenue falls 9.6 pct

Owen Stevens
April 21, 2017

Morgan Stanley reissued an "equal weight" rating on shares of QUALCOMM in a research report on Wednesday. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Finally, Macquarie began coverage on shares of QUALCOMM in a report on Thursday, March 30th.

Mizuho maintained its Buy rating but lowered its target price from $75 to $68. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). 9 advised "Hold Rating" regarding the stock.

QUALCOMM, Inc. (NASDAQ:QCOM) shares ended last trading session at the price of $52.61 whereas a number of traders indicating mean target price will hit $64.53 over the next twelve months, mean value of price target most recently revised on 04/12/17. (NASDAQ:QCOM) has set to release EPS of $4.63 as per the sentiments of 28 analysts, however according to 25 analysts, the company expected to release $4.75 EPS for next year. The company's 50-day moving average price is $56.89 and its 200-day moving average price is $62.27.

Qualcomm is scheduled to report fiscal second-quarter results after the market close Wednesday.

Qualcomm Inc. posted stronger than expected results in its second-fiscal quarter earnings report today, but the company's success continues to be marred by its ongoing legal battles, including Apple Inc.'s $1 billion patent abuse lawsuit and the U.S. Federal Trade Commission's antitrust investigation.

Qualcomm's non-GAAP results seem to be a bit better as they list their net Income at $2 Billion up from $1.6 Billion previous year, while both Operating Income and Revenues went up from $1.9 Billion and $5.5 Billion to $2.2 Billion and $6 Billion. That division, which licenses patents essential to mobile communications and collects royalties on almost every smartphone sold, typically brings the majority of Qualcomm's pretax net profit. Adjusted revenue of $6 billion was up 8% from a year earlier. Net income fell from $1.2 billion last year to $700 million this year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. EPS is expected down 5-31 percent, at United States dollars 0.67-0.92.

The stock now has its Annual Dividend of $2.12 and an annual Dividend Yield of 4.01 Percent. This is a positive change from QUALCOMM's previous quarterly dividend of $0.53. The ex-dividend date is Monday, February 27th. The stock presently has a PEG Ratio of 1.08. The shares were sold at an average price of $68.16, for a total value of $136,320.00. The disclosure for this purchase can be found here. In the second quarter alone, the company returned nearly $1.1 billion to investors through dividends and buybacks. Tradewinds Capital Management LLC raised its stake in QUALCOMM by 4.8% in the third quarter. First PREMIER Bank raised its position in shares of QUALCOMM by 127.8% in the third quarter. Middleton & Co Inc MA now owns 62,151 shares of the wireless technology company's stock worth $3,564,000 after buying an additional 14,330 shares during the last quarter. Eidelman Virant Capital now owns 10,078 shares of the wireless technology company's stock valued at $690,000 after buying an additional 50 shares during the last quarter. Buy rating has been given by 7 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 20 analysts given HOLD rating.

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