QUALCOMM(NASDAQ:QCOM) Declares Dividend of $0.5300.

QUALCOMM (NASDAQ:QCOM) had declared a cash dividend of $0.5300 on Jul 12, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Jul 12, 2016 share price, the yield comes out to be 3.9176%. The dividend payable date has been fixed on Sep 21, 2016.

In a different note, On Jun 30, 2016, Bernstein said it Downgrades its rating on QUALCOMM. The shares have been rated ‘Market Perform’ by the firm. On Jun 9, 2016, Brean Capital said it Downgrades its rating on QUALCOMM. The shares have been rated ‘Hold’ by the firm. CLSA said it Initiates Coverage on QUALCOMM, according to a research note issued on May 17, 2016. The shares have been rated ‘Outperform’ by the firm.

QUALCOMM (QCOM) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -0.24% at a volume of 1,02,36,935. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.86. The peak price level was also seen at $54.86 while the days lowest was $54.17. Finally the shares closed at $54.75. The 52-week high of the shares is $66.05 while the 52-week low is $42.24. According to the latest information available, the market cap of the company is $80,423 M.

QUALCOMM(QCOM) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.54B. Analysts had an estimated revenue of $5.34B. Earnings per share were $1.04. Analysts had estimated an EPS of $0.96.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Matthew S Grob (EVP, Qualcomm Technologies Inc) sold 10,000 shares at $55.25 per share price.Also, On May 11, 2016, Cristiano R Amon (EVP and President, QCT) sold 6,887 shares at $51.51 per share price.On Apr 14, 2016, James H Thompson (EVP, Qualcomm Technologies Inc) sold 35,000 shares at $51.58 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.

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