QUALCOMM (NASDAQ:QCOM) had declared a cash dividend of $0.5300 on Oct 6, 2016. The shares will quote ex-dividend on Nov 28, 2016 and the record date has been fixed for Nov 30, 2016. On Oct 6, 2016 share price, the yield comes out to be 3.1718%. The dividend payable date has been fixed on Dec 16, 2016.
In a different note, On Sep 30, 2016, Mizuho Securities said it Upgrades its rating on QUALCOMM. The shares have been rated ‘Buy’ by the firm. On Sep 29, 2016, Argus Research said it Maintains its rating on QUALCOMM. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, Standpoint Research said it Downgrades its rating on QUALCOMM. The shares have been rated ‘Hold’ by the firm. On Jul 21, 2016, Oppenheimer said it Maintains its rating on QUALCOMM. The shares have been rated ‘Perform’ by the firm. On Jul 21, 2016, Canaccord Genuity said it Maintains its rating on QUALCOMM. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 21, 2016, Nomura said it Maintains its rating on QUALCOMM. The shares have been rated ‘Neutral’ by the firm.
QUALCOMM (QCOM) remained unchanged at the close of Friday session. Even as the volume increased to 67,43,106 ,the shares failed to make any impression and ended at 0 points or 0.00% at $65.7. The trading session commenced at $65.94 and the stock hit a high of $66.59 and touched $65.45 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $70.4 and the 52-week low is $42.24. The company has a market cap of $96,819 M and has approximately 1,47,36,48,400 outstanding shares.
QUALCOMM(QCOM) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $6.03B. Analysts had an estimated revenue of $5.58B. Earnings per share were $1.16. Analysts had estimated an EPS of $0.97.
Several Insider Transactions has been reported to the SEC. On Oct 4, 2016, Matthew S Grob (EVP, Qualcomm Technologies Inc) sold 2,000 shares at $68.18 per share price.Also, On Oct 3, 2016, Raymond V Dittamore (director) sold 18,000 shares at $68.39 per share price.On Sep 29, 2016, Derek K Aberle (President) sold 15,000 shares at $63.55 per share price, according to the Form-4 filing with the securities and exchange commission.
Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G) fourth-generation (4G) and next-generation wireless technologies. The Company’s products include 2net AllPlay Brew Gobi Halo HealthyCircles Hy-Fi IPQ IZat Pixtronix Powerline QChat QLearn Small Cells Snapdragon Vive RaptorQ Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Company’s Brew platform enables feature phone applications such as gaming messaging Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G 4G and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points creating networks by plugging in.