QUALCOMM (NASDAQ:QCOM) announced its quarterly earnings data on Wednesday. The wireless technology company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.15, Briefing.com reports. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.80 billion. QUALCOMM had a return on equity of 69.92% and a net margin of 16.36%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. QUALCOMM updated its Q4 2020
After-Hours guidance to 1.05-1.25 EPS and its Q4 guidance to $1.05-1.25 EPS.

QCOM stock traded up $12.79 during midday trading on Thursday, reaching $105.82. 1,220,429 shares of the stock were exchanged, compared to its average volume of 6,489,976. The stock has a market capitalization of $119.30 billion, a PE ratio of 30.96, a P/E/G ratio of 1.69 and a beta of 1.34. QUALCOMM has a 52 week low of $58.00 and a 52 week high of $96.17. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.57 and a quick ratio of 1.39. The company has a fifty day moving average price of $90.29 and a 200 day moving average price of $82.44.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.65 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.46%. QUALCOMM’s dividend payout ratio is currently 91.55%.

QCOM has been the subject of several analyst reports. Rosenblatt Securities lifted their price objective on QUALCOMM from $105.00 to $130.00 and gave the company a “buy” rating in a report on Thursday. Charter Equity reaffirmed a “hold” rating on shares of QUALCOMM in a report on Thursday, April 30th. UBS Group lifted their price objective on QUALCOMM from $70.00 to $77.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Bank of America lifted their price target on QUALCOMM from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley lifted their price target on QUALCOMM from $102.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $103.18.

In other QUALCOMM news, EVP Donald J. Rosenberg sold 11,038 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $87.68, for a total value of $967,811.84. Following the sale, the executive vice president now owns 3,591 shares in the company, valued at approximately $314,858.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Erin L. Polek sold 1,646 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $79.47, for a total value of $130,807.62. The disclosure for this sale can be found here. Insiders have sold a total of 231,815 shares of company stock worth $21,622,429 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Earnings History for QUALCOMM (NASDAQ:QCOM)

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