QUALCOMM (NASDAQ:QCOM) Receiving Very Favorable Press Coverage, Analysis Finds

Headlines about QUALCOMM (NASDAQ:QCOM) have trended very positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. QUALCOMM earned a news sentiment score of 3.50 on their scale. InfoTrie also assigned press coverage about the wireless technology company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely 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 QUALCOMM’s ranking:

Several research firms have commented on QCOM. BidaskClub downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Argus lifted their target price on QUALCOMM from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Deutsche Bank boosted their target price on QUALCOMM from $82.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Rosenblatt Securities reissued a “buy” rating and set a $95.00 price target on shares of QUALCOMM in a research note on Thursday, November 7th. Finally, ValuEngine cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $85.60.

Shares of QUALCOMM stock opened at $83.82 on Friday. The stock has a market cap of $95.71 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 1.72 and a beta of 1.61. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.72 and a current ratio of 1.88. The stock has a 50 day moving average price of $84.40 and a 200-day moving average price of $76.63. QUALCOMM has a one year low of $49.10 and a one year high of $94.11.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. QUALCOMM had a return on equity of 77.78% and a net margin of 18.07%. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The company’s revenue for the quarter was down 17.2% compared to the same quarter last year. Sell-side analysts predict that QUALCOMM will post 3.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.96%. The ex-dividend date is Wednesday, December 4th. QUALCOMM’s payout ratio is 87.32%.

In related news, President Cristiano R. Amon sold 8,611 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.03, for a total value of $689,138.33. Following the sale, the president now directly owns 50,434 shares of the company’s stock, valued at approximately $4,036,233.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michelle M. Sterling sold 10,398 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $75.01, for a total transaction of $779,953.98. The disclosure for this sale can be found here. Insiders have sold 56,244 shares of company stock valued at $4,637,429 over the last ninety days. 0.11% of the stock is owned by insiders.

QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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