BMO Capital Markets Reiterates Market Perform Rating for QUALCOMM, Inc. (QCOM)

Fiscal 3Q17 Won’t Be Great for Qualcomm Technology Licensing

Patent license network deals, tie-up with AT&T and Ericsson for 5G network trials and launch of China's first end-to-end data call bode well for Qualcomm's prospects.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.86 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. "Recently, Qualcomm has also counter attacked Apple in relation to the $1 billion lawsuit filed against it in Jan 2017".

The company reported its EPS on 04/19/2017. QUALCOMM Incorporated's target price was set to 60.72 with an IPO date at 12/16/1991.

04/28/2017 - QUALCOMM Incorporated had its "buy" rating reiterated by analysts at Canaccord Genuity. The company presently has a consensus rating of "Hold" and an average price target of $63.62. The Company has 52-week high of $70.41 and 52-week low of $49.56.

Some buy side analysts are also providing their Analysis on QUALCOMM Incorporated, where 7 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 16 said it's a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell. Price Target plays a critical role when it comes to the analysis of a Stock.

QUALCOMM Incorporated (NASDAQ:QCOM) has declined -13.38% since January and is up 1.45% for the past week. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -8.78%, and has a poor year to date (YTD) performance of -14.3% which means the stock is constantly subtracting to its value from the previous fiscal year end price. QUALCOMM Incorporated has a 82.64B market cap and its past year revenues were 23.24B. QUALCOMM Incorporated experienced its Day High at -6.57%, with its Day Low of 8.05%.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 19th. The institutional investor held 8,149 shares of the radio and television broadcasting and communications equipment company at the end of 2016Q4, valued at $1.16 million, down from 91,729 at the end of the previous reported quarter.

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22 analysts on average are expecting the company to report revenue of $5.89 Billion for the current quarter. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. During the same period in the prior year, the company earned $1.04 EPS.

The target price for QUALCOMM Incorporated (QCOM) is $60.72/share according to the consensus of analysts working on the stock, with an expected EPS of $0.81/share for the current quarter.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be paid a $0.57 dividend.

QUALCOMM Incorporated value Change from Open was at 0.15% with a Gap of -0.43%. The ex-dividend date of this dividend is Friday, May 26th. This represents a $2.28 annualized dividend and a yield of 4.12%.

Windstream Holdings, Inc. (NASDAQ:WIN) shares moved to $4.34 after starting the day at $4.46 on Tuesday. If you are reading this story on another domain, it was illegally copied and republished in violation of global copyright and trademark laws. The correct version of this report can be viewed at https://www.com-unik.info/2017/05/17/qualcomm-inc-qcom-receives-buy-rating-from-stifel-nicolaus-updated-updated-updated.html. In contrast, the average volume was 10.41 million shares. The stock rose 0.31% or $0.17 reaching $55.57 per share. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

In other news, Director Ann M. Livermore acquired 9,000 shares of the firm's stock in a transaction that occurred on Thursday, May 11th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The disclosure for this sale can be found here. Investors measure stock performance on the basis of a company's earnings power.

Hedge funds and other institutional investors have recently modified their holdings of the company. LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at about $105,000. Paradigm Financial Advisors LLC boosted its position in shares of QUALCOMM by 4.5% in the third quarter. The rating was maintained by Northland Capital on Thursday, November 5 with "Market Perform". Topeka Capital Markets maintained the shares of QCOM in report on Thursday, November 5 with "Hold" rating. Finally, FNY Managed Accounts LLC bought a new stake in shares of QUALCOMM during the first quarter valued at about $157,000. Green Square Capital LLC boosted its stake in shares of QUALCOMM by 26.0% in the first quarter. American National Bank now owns 2,825 shares of the wireless technology company's stock valued at $162,000 after buying an additional 822 shares during the period.

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