QUALCOMM Incorporated (NASDAQ:QCOM):
Qualcomm and SK Telecom Announce First Enhanced Licensed Assisted Access (eLAA) Over-the-Air Trial.
The company is trading up by 0.22% since yesterday’s close of $63.31.
QUALCOMM Incorporated recently declared a dividend for shareholders paid on Wednesday the 21st of September 2016. The dividend payment was $0.530 per share for the quarter or $2.12 on an annualized basis. The dividend yield was $3.38. The ex-dividend date was set for Monday the 29th of August 2016.
Shares are trading at $63.45 which is marginally higher than the 50 day moving average of $62.62 and just above the 200 day moving average of $56.09. The 50 day moving average went up $0.83 or +1.33% and the 200 day average went up $7.36 or +13.13%.
The company currently has a P/E ratio of 18.58 and market cap is 93.50B. In the last earnings report the EPS was $3.41 and is projected to be $4.30 for the current year with 1,473,648,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.21 and the next full year EPS is anticipated to be $4.75.
Traders are feeling more bearish on the company at least if you consider the increase in short interest. The stock had a rise in short interest of 0.02% between August 31, 2016 and September 15, 2016. Short interest grew 504,868 over that timeframe. The short-interest ratio decreased to 2.8 and the percentage of shorted shares was 0.01% on September 15.
A few brokerage analysts have weighed in on the stock recently. On July 25, 2016 the stock rating was set at “Hold” by Standpoint Research which is down from the previous “Buy” rating. July 21 investment analysts at Canaccord Genuity made no change to the company rating of “Outperform” and lowered the price target to $70.00 from $75.00.
On July 21 Nomura left the company rating at “Outperform” and raised the price expectation from $60.00 to $70.00. July 21 investment analysts at Pacific Crest held the stock rating at “Outperform” but moved up the price target from $63.00 to $70.00.
On July 21 Brean Capital maintained a company rating of “Outperform” but raised the price target to $70.00 from $65.00. On July 21 Credit Suisse kept the company rating at “Outperform” but raised the price expectation to $70.00 from $67.00.