Media coverage about QUALCOMM (NASDAQ:QCOM) has trended very negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. QUALCOMM earned a news impact score of -3.48 on their scale. InfoTrie also assigned press coverage about the wireless technology company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted QUALCOMM’s score:
- Ninth Circuit Opinion on Qualcomm Licensing Practices – The National Law Review (natlawreview.com)
- The smartphone industry could completely change after Qualcomm’s disastrous ruling – CNN (cnn.com)
- Qualcomm Antitrust Case Shows Justice Department and FTC Are Split – Barron’s (barrons.com)
- Analysis | Hold the Phones. Qualcomm May Have One Life Left. – Washington Post (washingtonpost.com)
- AlphaOne's Dan Niles' tech sector picks (finance.yahoo.com)
A number of equities research analysts have recently commented on QCOM shares. BidaskClub cut shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Cowen reaffirmed an “outperform” rating and issued a $70.00 target price (down from $73.00) on shares of QUALCOMM in a report on Thursday, January 31st. Mizuho reduced their target price on shares of QUALCOMM from $66.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 31st. Susquehanna Bancshares reissued a “positive” rating and set a $65.00 price target (down from $75.00) on shares of QUALCOMM in a report on Thursday, January 31st. Finally, Bank of America reissued a “neutral” rating and set a $60.00 price target (down from $67.00) on shares of QUALCOMM in a report on Thursday, January 31st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.05.
Shares of QCOM opened at $66.21 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 3.98. QUALCOMM has a twelve month low of $49.10 and a twelve month high of $90.34. The stock has a market cap of $82.98 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.71 and a beta of 1.45.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, May 1st. The wireless technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07. QUALCOMM had a net margin of 11.57% and a return on equity of 56.69%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities analysts anticipate that QUALCOMM will post 3.32 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $2.48 annualized dividend and a yield of 3.75%. QUALCOMM’s payout ratio is currently 77.74%.
In other QUALCOMM news, Director Clark T. Jr. Randt sold 2,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $89.58, for a total transaction of $179,160.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Inc/De Qualcomm sold 848,877 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $34.20, for a total transaction of $29,031,593.40. Following the transaction, the insider now owns 848,877 shares in the company, valued at $29,031,593.40. The disclosure for this sale can be found here. Insiders have sold 949,832 shares of company stock worth $37,443,538 over the last 90 days. 0.11% of the stock is currently owned by company 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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