QUALCOMM Incorporated (NASDAQ:QCOM):
Qualcomm Snapdragon 600E and 410E Designed for Embedded Computing, Internet of Things Applications Now Widely Available.
The company is now up by 1.60% since yesterday’s close of $62.31.
Additionally QUALCOMM Incorporated recently announced a dividend for shareholders paid on Wednesday the 21st of September 2016. The dividend payment was $0.530 per share for the quarter which comes to $2.12 on an annualized basis. This dividend represents a yeild of $3.38 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 29th of August 2016.
It is trading at $63.31 just above $62.57, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $56.03. The 50 day moving average was up $0.74 whereas the 200 day moving average was up $7.28 or +12.99%.
QUALCOMM Incorporated’s P/E ratio is 18.54 and the market cap is 93.30B. In the latest earnings report the EPS was $3.41 and is expected to be $4.30 for the current year with 1,473,648,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $1.21 and the next full year EPS is projected to be $4.75.
Investors are feeling more bearish on QUALCOMM Incorporated recently as indicated by the change in short interest. The stock had a rise in short interest of 0.02% between August 31, 2016 and September 15, 2016. Short shares grew from 20,921,623 to 21,426,491 over that timeframe. Days to cover decreased -0.5 to 2.8 and the percentage of shorted shares was 0.01% on September 15.
Several brokerage analysts have weighed in on QCOM. On July 25 the company was changed to a “Hold” in a report from Standpoint Research down from the previous “Buy” rating. July 21 investment analysts at Canaccord Genuity made no change to the stock rating of “Outperform” and lowered the price expectation to $70.00 from $75.00.
On July 21 Nomura kept the company rating at “Outperform” but raised the price expectation from $60.00 to $70.00. On July 21 Pacific Crest maintained a stock rating of “Outperform” and moved up the price target to $70.00 from $63.00.
July 21 investment analysts at Brean Capital left the stock rating at “Outperform” and raised the price target to $70.00 from $65.00. On July 21 Credit Suisse made no change to the company rating of “Outperform” but moved up the price target to $70.00 from $67.00.