QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on QCOM. Deutsche Bank Aktiengesellschaft reduced their price objective on QUALCOMM from $190.00 to $170.00 in a research note on Wednesday, July 20th. Edward Jones raised QUALCOMM from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. Canaccord Genuity Group reduced their price target on QUALCOMM from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, July 28th. Susquehanna reduced their price target on QUALCOMM from $190.00 to $165.00 in a research report on Thursday, April 28th. Finally, Cowen set a $185.00 price target on QUALCOMM in a research report on Tuesday, July 19th. Ten equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.04.
QUALCOMM Trading Down 1.0 %
QCOM opened at $148.53 on Thursday. The firm has a market cap of $166.80 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.88 and a beta of 1.22. QUALCOMM has a 52 week low of $118.22 and a 52 week high of $193.58. The business's 50 day moving average is $138.38 and its two-hundred day moving average is $146.26. The company has a quick ratio of 1.15, a current ratio of 1.61 and a debt-to-equity ratio of 0.85.
QUALCOMM (NASDAQ:QCOM - Get Rating) last announced its earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.44. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. The company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.85 billion. During the same period last year, the business posted $1.66 EPS. The company's revenue was up 36.7% on a year-over-year basis. On average, research analysts predict that QUALCOMM will post 10.95 EPS for the current year.
QUALCOMM Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.00 annualized dividend and a dividend yield of 2.02%. QUALCOMM's dividend payout ratio (DPR) is currently 26.57%.
Insider Buying and Selling at QUALCOMM
In other QUALCOMM news, CAO Erin L. Polek sold 1,521 shares of QUALCOMM stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $129.95, for a total value of $197,653.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.05% of the company's stock.