Somewhat Positive Media Coverage Somewhat Unlikely to Impact QUALCOMM (QCOM) Share Price
Media stories about QUALCOMM (NASDAQ:QCOM) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. QUALCOMM earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the wireless technology company an impact score of 45.2685848092558 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- (NASDAQ:QCOM) Stake Lifted by Stock Yards Bank & Trust Co (tingoos.com)
- Bitcoin backpedaling: Koreans reject crypto crackdown threat (finance.yahoo.com)
- Qualcomm Announces Quarterly Cash Dividend (finance.yahoo.com)
- Trilogy Global Advisors LP Has Raised Qualcomm (QCOM) Position By $23.86 Million; Hitchwood Capital … – Hill Country Times (hillcountrytimes.com)
- QUALCOMM, Inc. to Issue Quarterly Dividend of $0.57 (QCOM) (americanbankingnews.com)
Shares of QUALCOMM (QCOM) traded down $0.05 during trading hours on Monday, hitting $65.38. The stock had a trading volume of 4,989,716 shares, compared to its average volume of 5,707,111. QUALCOMM has a 1 year low of $48.92 and a 1 year high of $69.28. The stock has a market capitalization of $96,380.00, a PE ratio of 39.62, a price-to-earnings-growth ratio of 1.85 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. research analysts expect that QUALCOMM will post 3.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.49%. QUALCOMM’s payout ratio is 138.18%.
A number of equities research analysts have commented on QCOM shares. Canaccord Genuity increased their price target on QUALCOMM from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Mizuho reiterated a “buy” rating on shares of QUALCOMM in a research note on Friday, October 27th. Zacks Investment Research upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating on shares of QUALCOMM in a research note on Thursday, October 12th. Finally, UBS Group decreased their price target on QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $66.06.
In related news, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 874 shares of QUALCOMM stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $68.52, for a total value of $59,886.48. Following the transaction, the executive vice president now owns 12,035 shares of the company’s stock, valued at $824,638.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,989 shares of company stock valued at $4,678,794. 0.24% of the stock is owned by company insiders.
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.
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