In other transaction, GROB MATTHEW S (EVP, Qualcomm Technologies Inc) sold 74000 shares on 01 Sep 2029 worth of $4930500.
Mizuho is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. They now have $68.38 price objective on the wireless technology company's stock. QCOM quarterly performance is 11.06% while firm's price to sale ratio is 4.35 and price to book ratio is 3.23. Barrow Hanley Mewhinney & Strauss LLC now owns 21,598,005 shares of the wireless technology company's stock worth $1,157,005,000 after buying an additional 1,086,071 shares in the last quarter. KeyCorp restated a buy rating and issued a $59.00 price target on shares of Qualcomm in a research report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of Qualcomm from a hold rating to a buy rating and set a $61.00 price target on the stock in a research report on Monday, July 11th.
The Stock now has Analyst' mean Recommendation of 2.4 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.
Number of analysts are eying on this stock, and after detailed observation, they have given the stock mean target price of $64.74 while their mean recommendation is 2.40 (1=Buy, 5=sell).
QUALCOMM Incorporated (NASDAQ:QCOM) moved up 2.36% and closed its last trading session at $67.34. The stock has a market capitalization of $96.95 billion, a price-to-earnings ratio of 19.27 and a beta of 1.25. The stock is now holding above its 50-day SMA of $64.4 and above its 200-day SMA of $57.7. The stock tapped a 52-week high of US$25.72 while the Mean 12-month price target for the shares is US$25.02.
In QUALCOMM Incorporated (NASDAQ:QCOM) latest quarter ended on 30 Jun 2016, company revealed earnings of $1.16 a share. For the reporting quarter, equity analysts expect the stock to deliver $1.13 in earnings per share (EPS). The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. The estimated EPS for the current quarter is said to be $0.98. The firm's revenue was up 2.9% compared to the same quarter past year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. There were earnings of $0.38 per share. Shareholders of record on Wednesday, November 30th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.15%. The shares were sold at an average price of $62.37, for a total transaction of $124,740.00.
DITTAMORE RAYMOND V; Director of QUALCOMM Incorporated sold 18000 shares worth of $1231020 in a transaction dated on 01 Sep 1930. After the session opened at $1.07, the stock's price hit the top of $ 1.10 while it touched a low of $ 1.05. In this transaction, these shares were sold at value of $68.18 per share, according to the information disclosed by the Securities and Exchange Commission in a Form 4 filing on 01 Oct 2004. The disclosure for this sale can be found here.
10/20/2016, Globalstar, Inc. (NYSEMKT:GSAT) stock dropped -0.93% or -0.01 points. State Street Corp boosted its stake in shares of Qualcomm by 0.8% in the first quarter. Primecap Management Co. CA now owns 16,330,925 shares of the wireless technology company's stock valued at $835,164,000 after buying an additional 176,080 shares in the last quarter. Delphi Private Advisors LLC boosted its stake in shares of Qualcomm by 0.4% in the second quarter. Following the transaction, the president now owns 69,234 shares of the company's stock, valued at $4,289,046.30.
Beck Mack & Oliver LLC cut its stake in Qualcomm Inc. Sunbelt Securities Inc. now owns 2,468 shares of the wireless technology company's stock worth $132,000 after buying an additional 24 shares during the period. Pinnacle Wealth Management Advisory Group LLC now owns 4,896 shares of the wireless technology company's stock worth $262,000 after buying an additional 25 shares during the period. Finally, BlackRock Group LTD raised its position in Qualcomm by 0.4% in the first quarter. The company traded a volume of 5.41 million shares as comparison to average volume of 9.2 million shares. Hedge funds and other institutional investors own 78.10% of the company's stock.