Qualcomm Shares See an Uptick After Hours Despite Sales Drop

Qualcomm Shares See an Uptick After Hours Despite Sales Drop

"In our view, Apple is trying to pressure Qualcomm during the litigation process". The Company's products principally consist of integrated circuits (chips or chipsets) and system software used in mobile devices and in wireless networks.

Several research firms have recently weighed in on QCOM. (NASDAQ:QCOM) opened at 52.79 on Monday. Vetr lowered QUALCOMM from a strong-buy rating to a buy rating and set a $73.01 price objective for the a research note on Thursday, December 22nd. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

QUALCOMM Incorporated (QCOM) has a market capitalization of 78.12 Billion. The company's 50-day moving average is $56.53 and its 200-day moving average is $61.96. Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be. QUALCOMM Incorporated (NASDAQ:QCOM) shares have been recently spotted -25.17% away from the 52-week high, and 8.89% away from the 52-week low mark. The chipmaker, which reported results on Wednesday, also saw its revenue top estimates. Comparatively, the peers have a net margin 3.21%, and the sector's average is 4.65%. The chip maker expects revenue to be between $5.3 billion and $6.1 billion, versus the consensus of $5.94 billion.

The result of the decision was a $535 million plunge in revenue compared to the 2016 second quarter. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and global copyright and trademark legislation.

Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. The ex-dividend date is Friday, May 26th.

This month, QCOM increased its quarterly dividend from $0.53 per share to $0.57 per share, representing a dividend hike of 7.5%. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.53 on scale of 1-5.

Since the beginning of the calendar year, the stock is -18.56%. The stock was bought at an average price of $53.13 per share, for a total transaction of $999,640.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The shares were purchased at an average cost of $53.99 per share, with a total value of $53,990.00. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock. LLC acquired a new stake in QUALCOMM during the fourth quarter valued at approximately $105,000. Qualcomm in its Q2 guidance had also stated that contributions from its latest licensed agreements with Meizu and Gionee would also kick in, which would be a catch-up licensing revenue. Orrstown Financial Services Inc. raised its position in shares of QUALCOMM by 53.2% in the third quarter.

If we look at stock performance in last active day trading, we see that stock has moved fell -6.74% to end the day at $8.16.

  • Surge in bets for Jeremy Corbyn to be the next prime minister

    And attacking top bosses, he will say: "If I were Southern Rail or Philip Green, I'd be anxious about a Labour Government". Nearly a quarter of brokers (21%) also expected Jeremy Corbyn to face another Labour leadership challenge.

    The Mackenzie Financial Corp Boosts Stake in GNC Holdings Inc (GNC)

    Kempen Capital Management N.V. acquired a new position in shares of GNC Holdings during the third quarter valued at $204,000. Following the transaction, the senior vice president now directly owns 74,512 shares in the company, valued at $575,232.64.

    Russia, US in spat over United Nations condemnation of N. Korea

    North Korea's state television aired a show which ended with a mock-up video of missiles engulfing the United States in flames. She said that she wanted Pyongyang to see that the United States was not an aggressor.
  • Mourinho eyeing 'beautiful' final in Sweden for Zlatan

    It cast a shadow over United's evening, but Rashford's superb 107th-minute strike ensured they took up a place in the last four. But as is known in home games and the walls help, and therefore draw 1-1, only increases the intrigue before the return fight.

    Trudeau defends supply management, wants 'fact' based trade talk with US

    The threat to get rid of or alter NAFTA is a potential problem for Canada, whose biggest trade partner is the United States. It was Trudeau's first comment since Trump first attacked the Canadian dairy industry on Tuesday at an event in Wisconsin.

    Pence says South Korea-US free trade agreement to be reviewed, reformed

    Pence said after the meeting that Trump believes it is in America's interest to negotiate economic deals on a bilateral basis. The announcement followed an inaugural meeting Tuesday of the U.S. -Japan Economic Dialogue in Tokyo chaired by visiting U.S.
  • The pill may impact womens quality of life

    Surprisingly, this is one of the most rigorous studies to date to look into the impact of the pill on women's quality of life. The researchers also said that the findings can't be generalised to other kinds of contraceptive pills.

    Trump orders review of visa program for highly skilled workers

    As Trump approaches his 100-day milestone in the White House, he has failed to pass any serious policies through Congress. However, as per studies, 80 for every penny of the endorsed applications were for the two least wage levels permitted.

    France's Macron, Le Pen edge further ahead of Fillon, Melenchon in poll

    She is widely tipped to qualify for a second-round runoff, which will be held on May 7 between the top two candidates. Melenchon, enjoying a late poll surge, campaigned on a barge Monday floating through the canals of Paris.
  • Google Home's assistant can now recognize different voices

    When your account is connected to Google Home , you will be asked to say the phrases "Ok Google" and "Hey Google" twice each. New developments in Google's smart home hub are now working against this, in order to keep your wallet a little safer.

    Real Madrid vs Barcelona in a La Liga clash

    They preserved their slender lead in the remaining games to defend the title. We need to understand the situation and push on.

    Rudy Gobert still questionable to return versus LA

    An injured Derrick Favors was heaving and wobbling up and down the court against the Clippers, yet still managed to net 15 points. First, that Quin Snyder didn't call timeout meant that neither team had a chance to adjust the unit on the floor.