The Qualcomm Inc. (QCOM) Given “Hold” Rating at BNP Paribas

The Qualcomm Inc. (QCOM) Given “Hold” Rating at BNP Paribas

Qualcomm Inc. (NASDAQ:QCOM)‘s stock had its “hold” rating reaffirmed by stock analysts at BNP Paribas in a research note issued on Sunday. They presently have a $54.00 price objective on the wireless technology company’s stock. BNP Paribas’ price objective would indicate a potential downside of 20.81% from the stock’s previous close.

A number of other equities research analysts have also recently commented on QCOM. Royal Bank Of Canada raised their price objective on shares of Qualcomm from $55.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, July 21st. Nomura reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Qualcomm in a research note on Thursday, July 21st. Stifel Nicolaus raised their price objective on shares of Qualcomm from $59.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Mizuho raised their price objective on shares of Qualcomm from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Finally, Sanford C. Bernstein reaffirmed a “hold” rating on shares of Qualcomm in a research note on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $64.05.

Shares of Qualcomm (NASDAQ:QCOM) opened at 68.19 on Friday. The company’s 50-day moving average is $63.68 and its 200-day moving average is $56.84. The stock has a market cap of $100.49 billion, a P/E ratio of 19.97 and a beta of 1.25. Qualcomm has a 1-year low of $42.24 and a 1-year high of $70.40.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Wednesday, November 30th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, November 28th. Qualcomm’s dividend payout ratio (DPR) is 62.17%.

In other Qualcomm news, Director Raymond V. Dittamore sold 7,000 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $61.00, for a total value of $427,000.00. Following the sale, the director now owns 12,765 shares of the company’s stock, valued at $778,665. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew S. Grob sold 2,000 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $68.18, for a total value of $136,360.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of QCOM. Aperio Group LLC raised its stake in Qualcomm by 24.2% in the first quarter. Aperio Group LLC now owns 551,772 shares of the wireless technology company’s stock worth $28,218,000 after buying an additional 107,485 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in Qualcomm by 11.7% in the first quarter. Commonwealth Equity Services Inc now owns 289,314 shares of the wireless technology company’s stock worth $14,795,000 after buying an additional 30,203 shares during the last quarter. Telemus Capital LLC raised its stake in Qualcomm by 46.1% in the first quarter. Telemus Capital LLC now owns 8,556 shares of the wireless technology company’s stock worth $438,000 after buying an additional 2,699 shares during the last quarter. Factory Mutual Insurance Co. raised its stake in Qualcomm by 36.7% in the first quarter. Factory Mutual Insurance Co. now owns 1,343,700 shares of the wireless technology company’s stock worth $68,717,000 after buying an additional 361,000 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE raised its stake in Qualcomm by 4.5% in the first quarter. Smithbridge Asset Management Inc. DE now owns 18,700 shares of the wireless technology company’s stock worth $956,000 after buying an additional 800 shares during the last quarter. 78.05% of the stock is currently owned by institutional investors and hedge funds.

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