The Research Analysts’ Recent Ratings Changes for Qualcomm (QCOM)

The Research Analysts’ Recent Ratings Changes for Qualcomm (QCOM)

Qualcomm (NASDAQ: QCOM) has recently received a number of price target changes and ratings updates:

Shares of Qualcomm Inc. (NASDAQ:QCOM) traded up 0.05% on Wednesday, reaching $66.12. The company’s stock had a trading volume of 5,826,957 shares. Qualcomm Inc. has a 52-week low of $42.24 and a 52-week high of $70.40. The stock has a 50-day moving average of $63.90 and a 200 day moving average of $57.10. The company has a market cap of $97.44 billion, a price-to-earnings ratio of 19.36 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 20th. The wireless technology company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.19. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Qualcomm had a return on equity of 17.70% and a net margin of 22.64%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. On average, equities research analysts forecast that Qualcomm Inc. will post $4.30 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Wednesday, November 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.12 annualized dividend and a dividend yield of 3.21%. Qualcomm’s dividend payout ratio is presently 62.17%.

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