Media stories about QUALCOMM (NASDAQ:QCOM) have trended somewhat negative on Tuesday, according to AlphaOne Sentiment Analysis. The research firm, a division of Accern, ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. QUALCOMM earned a news impact score of -0.02 on AlphaOne’s scale. AlphaOne also assigned news articles about the wireless technology company an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s scoring:
- Alphabet Inc. (GOOGL) and QUALCOMM Incorporated (QCOM) Emphasize Move in Focus- Alibaba Group Holding … – Investing News Update (investingbizz.com)
- Is There Strength Behind the Numbers For QUALCOMM Incorporated (NasdaqGS:QCOM) – Financial Newsweek (finnewsweek.com)
- Qualcomm to Seek FCC's Approval for Antenna Pattern Testing (finance.yahoo.com)
- Dillon & Associates Inc. Lowers Stake in QUALCOMM Incorporated (QCOM) (latribunadecanarias.com)
- QUALCOMM Incorporated (QCOM) Shares Bought by First Midwest Bank Trust Division (cote-ivoire.com)
QUALCOMM (QCOM) traded up 0.28% during trading on Tuesday, reaching $57.65. The company’s stock had a trading volume of 4,085,759 shares. The firm’s 50-day moving average price is $56.14 and its 200 day moving average price is $58.85. The company has a market capitalization of $85.17 billion, a P/E ratio of 19.21 and a beta of 1.25. QUALCOMM has a 12-month low of $50.84 and a 12-month high of $71.62.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.29. QUALCOMM had a return on equity of 21.32% and a net margin of 19.25%. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the prior year, the business earned $1.04 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts predict that QUALCOMM will post $4.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.97%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, May 26th. QUALCOMM’s dividend payout ratio is currently 76.00%.
Several research analysts recently weighed in on QCOM shares. BMO Capital Markets restated a “market perform” rating and issued a $60.00 price objective on shares of QUALCOMM in a research report on Thursday, February 16th. Raymond James Financial, Inc. restated a “market perform” rating on shares of QUALCOMM in a research report on Thursday, February 16th. Citigroup Inc. restated a “neutral” rating and issued a $60.00 price objective (down from $70.00) on shares of QUALCOMM in a research report on Thursday, February 23rd. Canaccord Genuity restated a “buy” rating and issued a $76.00 price objective on shares of QUALCOMM in a research report on Wednesday, March 8th. Finally, Macquarie started coverage on shares of QUALCOMM in a research report on Thursday, March 30th. They issued a “neutral” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.41.
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In other QUALCOMM news, EVP Alexander H. Rogers sold 470 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $57.28, for a total value of $26,921.60. Following the completion of the sale, the executive vice president now directly owns 3,049 shares in the company, valued at approximately $174,646.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James H. Thompson sold 25,000 shares of the company’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $52.53, for a total value of $1,313,250.00. Following the completion of the sale, the executive vice president now owns 76,246 shares of the company’s stock, valued at $4,005,202.38. The disclosure for this sale can be found here. Insiders sold a total of 63,931 shares of company stock valued at $3,536,013 over the last quarter. Company insiders own 0.24% of the company’s stock.
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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