Economy

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 company.in 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.


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