QUALCOMM, Inc. (QCOM) Stock Rating Upgraded by Zacks Investment Research

Owen Stevens
April 27, 2017

In most recent quarter, LT Debt/Equity ratio was listed at 0.32 and Total Debt/Equity ratio was noted at 0.38. Orbis Allan Gray Ltd owned 1.04% of QUALCOMM worth $1,003,428,000 as of its most recent filing with the SEC. LLC acquired a new position in QUALCOMM during the fourth quarter valued at approximately $105,000. In our current pick, QUALCOMM Incorporated (QCOM) has weekly volatility of 1.54%% while its monthly volatility value is at 1.50%%. Following last close company's stock, is 2.56% above their SMA 50 and -1.63% below the 52-week high. Federated Investors Inc. PA increased its position in QUALCOMM by 117.6% in the fourth quarter. "We've set out to accelerate growth in the digital ecosystem and we are thrilled to see an overwhelming response for QDIC in its second consecutive year, with eight select technopreneurs ready to transform their ideas from concept to product stage at our Qualcomm Innovation Labs", said Jim Cathey, senior vice president and president, Asia Pacific & India, Qualcomm Technologies, Inc. Capital World Investors now owns 11,400,000 shares of the wireless technology company's stock worth $780,900,000 after buying an additional 4,150,000 shares in the last quarter. Finally, FMR LLC boosted its position in shares of QUALCOMM by 3.7% in the fourth quarter. Ray Gerald L & Associates Ltd. now owns 43,765 shares of the wireless technology company's stock valued at $2,998,000 after buying an additional 7,100 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: "Union Bankshares Corp Raises Position in QUALCOMM, Inc". (NASDAQ:QCOM) opened at 53.04 on Thursday. The stock closing price is now trading downward to its 50 day moving average with change of -7.62%, tumbled to its 20 day moving average with figure of -3.61% and behind its 200 day moving average with value -3.89%.

Corning Incorporated (GLW) now has P/E (Price to Earnings) ratio of 8.38 while the company's industry has 24.58 P/E and the sector P/E is 19.61. QUALCOMM has a 52-week low of $50.11 and a 52-week high of $71.62.

Investors will mark their calendars for 2017-07-19, the date when QUALCOMM Incorporated (NASDAQ:QCOM) are expected to release their quarterly results. The wireless technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.01. The Return on Equity (ROE) value stands at 14.3%.

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12 number of analysts have estimated the sales of the company for the quarter ending April 25, 2017, analysts estimated mean sale target of 2598.16 million while high and low sale targets are estimated at 2699.5 million and 2505 million respectively. Following the completion of the acquisition, the director now owns 1,281 shares of the company's stock, valued at $69,161.19. QUALCOMM's quarterly revenue was up 8.1% on a year-over-year basis. Covering analysts use their deep knowledge and expertise to help create their best calculation of where they think shares could be moving in the future. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 4.30%. QUALCOMM's dividend payout ratio (DPR) is presently 64.63%. "(QCOM) Expected to Announce Earnings of $1.05 Per Share" was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark legislation.

Several brokerages have recently issued reports on QCOM. CLSA downgraded shares of QUALCOMM from a "buy" rating to an "underperform" rating and reduced their price target for the company from $80.00 to $60.00 in a research report on Monday, January 23rd. Cowen and Company decreased their target price on shares of QUALCOMM to $73.00 in a report on Thursday, January 26th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Finally, Morgan Stanley lowered QUALCOMM from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, January 31st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Jefferies Group LLC restated a "hold" rating and issued a $78.00 price target on shares of QUALCOMM in a research report on Tuesday, April 4th.

QUALCOMM Incorporated's short ratio is at 1.26 and the float short is at 1.13%. From the opening price, the stock has seen a change of -0.08% recently clocking in with a price of $53.17.

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