Somewhat Negative Media Coverage Very Likely to Affect QUALCOMM (QCOM) Stock Price

Press coverage about QUALCOMM (NASDAQ:QCOM) has trended somewhat negative recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. QUALCOMM earned a media sentiment score of -0.15 on Accern’s scale. Accern also assigned media stories about the wireless technology company an impact score of 84 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern’s analysis:

Shares of QUALCOMM (NASDAQ:QCOM) opened at 55.43 on Wednesday. The firm has a 50-day moving average price of $56.80 and a 200 day moving average price of $58.43. The firm has a market cap of $81.89 billion, a P/E ratio of 18.47 and a beta of 1.25. QUALCOMM has a one year low of $50.84 and a one year high of $71.62.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 19th. The wireless technology company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.29. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.86 billion. QUALCOMM had a return on equity of 21.32% and a net margin of 19.25%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. On average, analysts forecast that QUALCOMM will post $4.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Wednesday, May 31st were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Friday, May 26th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.53. QUALCOMM’s dividend payout ratio (DPR) is currently 76.00%.

Several brokerages recently issued reports on QCOM. Vetr lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $60.62 target price on the stock. in a research note on Monday, May 22nd. Stifel Nicolaus increased their target price on shares of QUALCOMM from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of QUALCOMM in a research note on Sunday, May 21st. J P Morgan Chase & Co raised shares of QUALCOMM from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $50.00 to $68.00 in a research note on Monday, May 22nd. Finally, Zacks Investment Research lowered shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.59.

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In other QUALCOMM news, President Derek K. Aberle sold 22,251 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $57.59, for a total transaction of $1,281,435.09. Following the completion of the sale, the president now directly owns 28,959 shares of the company’s stock, valued at approximately $1,667,748.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 470 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 3,049 shares of the company’s stock, valued at $174,646.72. The disclosure for this sale can be found here. Insiders have sold a total of 63,931 shares of company stock worth $3,536,013 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

About QUALCOMM

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.

Insider Buying and Selling by Quarter for QUALCOMM (NASDAQ:QCOM)

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