Analysts await QUALCOMM, Inc. (NASDAQ:QCOM) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The company has a Return on Assets (ROA) of 7.30%. Raymond James Trust N.A.'s holdings in QUALCOMM were worth $6,886,000 at the end of the most recent reporting period. State Street Corp now owns 67,531,171 shares of the wireless technology company's stock worth $4,403,029,000 after buying an additional 1,059,009 shares during the last quarter. Inc. raised its stake in shares of QUALCOMM by 31.2% in the first quarter. Boston Advisors LLC boosted its stake in shares of QUALCOMM by 1.1% in the third quarter. Deutsche State Bank Ag owns 1.71 million shares or 0.1% of their USA portfolio. Finally, Ray Gerald L & Associates Ltd. increased its position in shares of QUALCOMM by 19.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,745,533 shares of the wireless technology company's stock valued at $2,722,569,000 after buying an additional 780,682 shares during the last quarter. QUALCOMM has a 1-year low of $50.84 and a 1-year high of $71.62.
About 13.14M shares traded or 1.39% up from the average. The Market Capitalization of the company stands at 85.18 Billion. The stock has a 50 day moving average of $54.74 and a 200-day moving average of $59.80. QUALCOMM also was the recipient of some unusual options trading activity on Monday. Saturna invested in 811,259 shares or 2.03% of the stock. This is an increase of 233% compared to the average daily volume of 813 put options.
At the end of March reporting period, 797 institutional holders increased their position in QUALCOMM Incorporated (NASDAQ:QCOM) by some 208,661,441 shares, 762 decreased positions by 123,771,744 and 103 held positions by 930,700,723. The wireless technology company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.29. Revenue for the quarter also killed consensus, coming in at $5.99B, compared to the consensus of 5.89B. The business's quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that QUALCOMM, Inc. will post $4.23 earnings per share for the current year. Citadel Advsrs Limited Liability Corporation holds 0.02% or 253,421 shares in its portfolio. The ex-dividend date of this dividend is Friday, May 26th. QUALCOMM's payout ratio is presently 64.63%. "(QCOM) Forecasted to Earn FY2017 Earnings of $3.95 Per Share" was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another publication, it was illegally copied and reposted in violation of USA and global trademark & copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/05/22/qualcomm-inc-qcom-stock-rating-reaffirmed-by-mizuho-updated-updated-updated.html.
Several research analysts have recently weighed in on QCOM shares. Sanford C. Bernstein reiterated a market perform rating and set a $80.00 price target on shares of QUALCOMM in a research report on Wednesday, December 28th. (NASDAQ:QCOM), 12 have Buy rating, 2 Sell and 17 Hold. A rating of 4 or 5 would represent a Sell recommendation. Stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters, 16 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.
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In other news, Director Anthony J. Vinciquerra bought 1,000 shares of the company's stock in a transaction dated Monday, January 30th.
In the transaction dated February 03, 2017, the great number of shares acquired came courtesy the EVP and President, QCT; AMON CRISTIANO R added a total of 18,815 shares at an average price of $53.13, amounting to approximately $999,641. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Donald J. Rosenberg sold 10,701 shares of the business's stock in a transaction that occurred on Thursday, May 11th. The current price is seen ranging between $58.38 and $59.54. The disclosure for this purchase can be found here.
Shares outstanding are recorded as 1477.00 billion and total shares floated are 1475.74 billion. (NASDAQ: AAPL). However, this doesn't erase the headline risk from the ongoing dispute but the analyst does believe Qualcomm's stock is "discounting a significant amount of this risk now".
QUALCOMM Incorporated (QCOM) belongs to the "Technology" sector with an industry focus on "Communication Equipment", with Dr. Paul E. Jacobs Ph.D.as Exec. Chairman. The Firm 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) standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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