QUALCOMM (QCOM) Earning Somewhat Positive Press Coverage, Study Shows

Media stories about QUALCOMM (NASDAQ:QCOM) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. QUALCOMM earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news coverage about the wireless technology company an impact score of 47.0318796600259 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

A number of brokerages have recently issued reports on QCOM. J P Morgan Chase & Co restated an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price objective on shares of QUALCOMM in a research note on Thursday, August 24th. UBS AG lowered their price objective on shares of QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Mizuho reiterated a “buy” rating on shares of QUALCOMM in a research note on Friday, October 27th. Finally, Wells Fargo & Company lowered shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.42.

QUALCOMM (QCOM) traded up $1.46 during midday trading on Friday, reaching $68.13. 15,489,400 shares of the company’s stock traded hands, compared to its average volume of 11,305,668. The stock has a market capitalization of $101,580.00, a P/E ratio of 18.02, a PEG ratio of 1.91 and a beta of 1.26. QUALCOMM has a 1-year low of $48.92 and a 1-year high of $70.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.22. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. equities research analysts expect that QUALCOMM will post 3.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s dividend payout ratio is presently 138.18%.

In related news, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total value of $521,830.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,937 shares of company stock worth $1,787,969. Company insiders own 0.17% of the company’s stock.

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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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