Are Analysts Bullish about QUALCOMM, Inc

Murphy John Francis also sold $637,639 worth of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. Investors measure stock performance on the basis of a company's earnings power. It also reduced its holding in Dun And Bradstreet Corp Del (NYSE:DNB) by 26,350 shares in the quarter, leaving it with 24,528 shares, and cut its stake in Vanguard Index Fds (VBK). About shares traded. Manhattan Associates, Inc. FMR LLC boosted its position in QUALCOMM by 3.7% in the fourth quarter. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Sfe Counsel has invested 2.65% in QUALCOMM, Inc. The Bremer Trust National Association holds 14,822 shares with $966,000 value, up from 6,922 last quarter. The company has Beta Value of 1.23 and ATR value of 0.98. Citizens Financial Group Inc RI increased its position in QUALCOMM by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,745,533 shares of the wireless technology company's stock valued at $2,722,569,000 after buying an additional 780,682 shares during the last quarter. Institutional investors own 79.28% of the company's stock. Following last close company's stock, is 6.31% above their SMA 50 and 0.60% above the 52-week high. (NASDAQ:QCOM). Vnbtrust National Association holds 0.38% or 10,552 shares in its portfolio. The company had a trading volume of 14,223,368 shares.

QUALCOMM Incorporated (QCOM)'s distance from 200 day simple moving average is -4.92 percent, its distance from 50 day simple moving average is 3.8 percent, while its distance from 20 day simple moving average is 6.06 percent. QUALCOMM also saw some unusual options trading activity on Friday.

Large investors have recently modified their holdings of the stock. This represents an increase of approximately 233% compared to the average volume of 813 put options. Canaccord Genuity reiterated a buy rating and set a $81.00 price target on shares of QUALCOMM in a research report on Thursday, January 12th. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.29. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter past year, the business earned $1.04 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Qualcomm Inc sold 4,935 shares as the company's stock rose 2.14% with the market.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Ci Incorporated owns 771,800 shares for 0.55% of their portfolio. Now it is offering a dividend yield of 3.95% and a 5 year dividend growth rate of 20.05%. This is an increase from QUALCOMM's previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 26th. QUALCOMM's dividend payout ratio (DPR) is now 64.63%. "(QCOM) Forecasted to Earn FY2017 Earnings of $3.95 Per Share" was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another domain, it was illegally copied and reposted in violation of USA & global copyright law. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/qualcomm-inc-qcom-shares-bought-by-capital-investment-advisors-llc-updated/758368.html.

Equities researchers at Oppenheimer Holdings dropped their FY2017 earnings estimates for QUALCOMM in a note issued to investors on Wednesday. Cowen & Co maintained the shares of QCOM in report on Thursday, July 23 with "Outperform" rating. (NASDAQ:QCOM), 12 have Buy rating, 2 Sell and 17 Hold.

Analysts at JPMorgan upgraded shares of QUALCOMM, Inc. Rosenblatt Securities upgraded shares of QUALCOMM from a neutral rating to a buy rating and set a $75.00 target price on the stock in a research report on Thursday, January 12th.

In other QUALCOMM news, EVP Michelle M. Sterling sold 5,509 shares of the firm's stock in a transaction dated Monday, May 22nd.

In the transaction dated February 03, 2017, the great number of shares acquired came courtesy the EVP and President, QCT; AMON CRISTIANO R added a total of 18,815 shares at an average price of $53.13, amounting to approximately $999,641. Following the completion of the transaction, the executive vice president now owns 76,246 shares in the company, valued at approximately $4,005,202.38. The stock declined 0.03% or $0.01 reaching $59.27 on the news. The disclosure for this sale can be found here. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months.

The author does not own Qualcomm stock.

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