Should You Buy Or Sell QUALCOMM Incorporated (NASDAQ:QCOM) On Analyst Concensus?

12 Month Chart for NASDAQ:QCOM

Federated Investors Inc. PA increased its position in shares of QUALCOMM by 117.6% in the fourth quarter. The stock of Lowe's Companies, Inc. Retirement Systems of Alabama owned about 0.07% of QUALCOMM worth $62,442,000 as of its most recent filing with the SEC. Also, EVP Cristiano R. Amon bought 18,815 shares of the company's stock in a transaction dated Friday, February 3rd. Berkshire Asset Management LLC PA boosted its position in QUALCOMM by 24.3% in the third quarter. The institutional investor held 8.41 million shares of the business services company at the end of 2016Q4, valued at $316.32 million, up from 7.53M at the end of the previous reported quarter. Bank of Nova Scotia raised its stake in shares of QUALCOMM by 1,364.5% in the first quarter. First Merchants Corp now owns 16,330 shares of the wireless technology company's stock worth $1,118,000 after buying an additional 1,125 shares during the last quarter. (NASDAQ:QCOM). Moreover, Ramsay Stattman Vela And Price has 0.24% invested in QUALCOMM, Inc. During the same quarter previous year, the business earned $1.04 earnings per share. Finally, Chemung Canal Trust Co. boosted its stake in QUALCOMM by 2.0% in the third quarter. Deutsche State Bank Ag owns 1.71 million shares or 0.1% of their U.S. portfolio. $491,286 worth of QUALCOMM, Inc. (NASDAQ:QCOM). Here's a quick roundup of today's bullish brokerage notes on shares of AAPL, BA, and QCOM.

QUALCOMM Incorporated (QCOM) has a 52-week high of $70.41 and a 52-week low of $49.56. The company's current price-earnings ratio amounts to 19.18 times earnings, above the average P/E ratio of 10.21 times earnings. A total of 0.9 million shares exchanged at hands and its average trading volume is standing at 0.13 million shares. QUALCOMM also was the recipient of some unusual options trading on Monday.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. In its latest earnings release, Qualcomm gave a wider-than-normal earnings forecast for the current quarter, noting that it cannot predict whether contract manufacturers would continue to underpay royalties, stoking analysts' fears that the lawsuits could continue to weigh on Qualcomm's bottom line. They expect $0.68 EPS, down 33.98 % or $0.35 from last year's $1.03 per share. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. Its up 722.93% from 64,100 shares previously. The Blackstone Group L.P. (NYSE:BX) earnings have risen with a quarterly rate of 10.9% over the last 5 years. With 4.62 million avg volume, 2 days are for Lowes Companies Incorporated (NYSE:LOW)'s short sellers to cover LOW's short positions.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 26th.

Ngam Advisors Lp increased its stake in Qualcomm Inc (QCOM) by 5.06% based on its latest 2016Q4 regulatory filing with the SEC. Now it is offering a dividend yield of 3.95% and a 5 year dividend growth rate of 20.05%. QUALCOMM's payout ratio is now 64.63%. If you are accessing this story on another publication, it was illegally copied and reposted in violation of USA and global trademark & copyright law. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/05/23/retirement-systems-of-alabama-has-62-442-million-position-in-qualcomm-inc-qcom.html.

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QCOM has been the topic of a number of other research reports. Cowen & Co maintained the shares of QCOM in report on Thursday, July 23 with "Outperform" rating. 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. The lowest 12-month price target for the shares is $50.00, which would be decrease of about -13% of its current value. The company presently has an average rating of "Hold" and a consensus price target of $64.23.

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.

In other QUALCOMM news, EVP James H. Thompson sold 25,000 shares of the stock in a transaction on Friday, April 21st. The stock was sold at an average price of $55.02, for a total transaction of $588,769.02. Following the completion of the sale, the executive vice president now directly owns 76,246 shares of the company's stock, valued at $4,005,202.38. The disclosure for this sale can be found here.

The author does not own Qualcomm stock.

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