Media stories about QUALCOMM (NASDAQ:QCOM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. QUALCOMM earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the wireless technology company an impact score of 46.1858641990898 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Samsung’s S9 Launch and Other Mobile World Congress News: 4 Key Takeaways (finance.yahoo.com)
- [$$] Broadcom’s Bid for Qualcomm Ignites Debate Within Administration (finance.yahoo.com)
- Qualcomm Urges Shareholders To Re-elect Its Directors – Quick Facts (markets.businessinsider.com)
- Broadcom Urges Qualcomm Stockholders to Vote the BLUE Card “FOR” All Six Broadcom Nominees to Support Broadcom’s Compelling Proposal (finance.yahoo.com)
- Qualcomm’s Board of Directors Issues Statement (finance.yahoo.com)
QCOM has been the topic of several research reports. BidaskClub lowered QUALCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Zacks Investment Research lowered QUALCOMM from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. KeyCorp boosted their target price on QUALCOMM from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Northland Securities restated a “buy” rating and issued a $75.00 target price on shares of QUALCOMM in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $68.25.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. During the same period in the previous year, the business earned $1.19 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. analysts predict that QUALCOMM will post 2.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s payout ratio is -93.06%.
In related news, EVP Alexander H. Rogers sold 919 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total transaction of $59,110.08. Following the completion of the transaction, the executive vice president now directly owns 11,116 shares in the company, valued at $714,981.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the transaction, the executive vice president now owns 10,403 shares of the company’s stock, valued at $709,484.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,812 shares of company stock valued at $2,996,776. 0.17% of the stock is owned by company insiders.
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.
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