QUALCOMM (QCOM) Earns News Sentiment Score of 0.10
Press coverage about QUALCOMM (NASDAQ:QCOM) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. QUALCOMM earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the wireless technology company an impact score of 46.271146897035 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Did Qualcomm Inc. Make a Promise it Can’t Keep? — The Motley Fool – Motley Fool (fool.com)
- Apple's Chips Business Threatens Qualcomm, Intel (finance.yahoo.com)
- Qualcomm to make first payment for violating competition law in Taiwan (finance.yahoo.com)
- Alexander H. Rogers Sells 713 Shares of QUALCOMM, Inc. (QCOM) Stock (americanbankingnews.com)
QCOM has been the topic of a number of research analyst reports. Canaccord Genuity boosted their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a report on Monday, November 13th. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank of Canada boosted their target price on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Vetr downgraded shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 target price for the company. in a research report on Monday, November 6th. Finally, ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Eighteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $67.49.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the business earned $1.28 EPS. The company’s revenue was down 3.5% on a year-over-year basis. analysts predict that QUALCOMM will post 3.07 EPS for the current 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 issued a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.40%. QUALCOMM’s payout ratio is 138.18%.
In related news, EVP Alexander H. Rogers sold 874 shares of the stock in a transaction 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 directly owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the completion of the transaction, the executive vice president now directly owns 10,403 shares in the company, valued at $709,484.60. The disclosure for this sale can be found here. Insiders sold a total of 73,346 shares of company stock worth $4,708,304 over the last ninety days. 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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