QUALCOMM, Inc. (NASDAQ:QCOM) declared a quarterly dividend on Friday, January 12th, RTT News reports. Shareholders of record on Wednesday, February 28th will be given a dividend of 0.57 per share by the wireless technology company on Wednesday, March 21st. This represents a $2.28 dividend on an annualized basis and a yield of 3.49%.

QUALCOMM has increased its dividend payment by an average of 11.6% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. QUALCOMM has a payout ratio of 74.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect QUALCOMM to earn $3.18 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 71.7%.

QUALCOMM (NASDAQ QCOM) opened at $65.38 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. The firm has a market cap of $96,861.59, a P/E ratio of 39.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.39. QUALCOMM has a one year low of $48.92 and a one year high of $69.28.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.22. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. QUALCOMM’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share. equities analysts expect that QUALCOMM will post 3.07 EPS for the current year.

In related news, EVP Michelle M. Sterling sold 7,840 shares of QUALCOMM stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total transaction of $521,830.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,989 shares of company stock worth $4,678,794 in the last ninety days. 0.17% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on the stock. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 27th. Stifel Nicolaus downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and raised their target price for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research note on Monday, November 13th. Royal Bank of Canada raised their target price on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Finally, ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and an average target price of $66.06.

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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.

Dividend History for QUALCOMM (NASDAQ:QCOM)

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