QUALCOMM Incorporated (NASDAQ:QCOM) registered a 1.46% increase, still its new closing price is 59.70% up from the company’s 1 year high of 71.06.It posted -0.76% losses in previous 5 sessions and is now the subject of 15 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 31 stock analysts following this company have an average price target at $73.63, with individual PT in the $58.00-$83.00 range. The shares moved at $65.13, implying that brokerage firms see shares gaining about 46.36% in twelve months time.

QUALCOMM Incorporated (QCOM) SEC Form 4 News

The stock is getting much attention these days as insiders are offloading shares while they posted a -0.11% fall year to date. A President at QUALCOMM Incorporated (QCOM) offloaded shares in a transaction closed on Monday January 09, 2017. ABERLE DEREK K sold 11,621 shares in the company at $65.68 each and collected $763,000 in proceeds. ABERLE DEREK K now owns 5,653 shares in the company after this transaction. A EVP, Qualcomm Technologies Inc in the company, GROB MATTHEW S, disclosed a transaction on Tuesday January 03, 2017 that ended up generating $131,001 from the sale of 2,000 shares at $65.86 per share.

QUALCOMM Incorporated (NASDAQ:QCOM) Upcoming Results on Tap

QUALCOMM Incorporated will next provide financial results for the December 2017 quarter. Stock analysts expect it to report per-share earnings of $1.26 in that period. Sales during the quarter are predicted to arrive at $6.31 billion.

Earnings surprise history: Last quarter, the company posted approximately $6.17 billion in revenue and EPS of $1.28. The mean forecast was for $5.84 billion and $1.13 a share, respectively. One quarter earlier, revenue for the stock was at $6.03 billion, with earnings at $1.16/share.

QUALCOMM Incorporated (QCOM) Brokerage Update

QUALCOMM Incorporated (QCOM) is in Rosenblatt’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Rosenblatt, according to news reported on Thursday January 12, 2017.Another important research note was issued by JP Morgan on Wednesday December 14, 2016.The firm downgraded QCOM to Neutral from Overweight. Over the last six months and over the last three months, the shares of QUALCOMM Incorporated (QCOM), have changed 20.05% and 0.69%, respectively.

QUALCOMM Incorporated (NASDAQ:QCOM) on January 17, 2017 announced the top three winners of its first edition of the Qualcomm Design in India Challenge (QDIC), which was launched in December 2015, in association with the National Association of Software and Services Companies (NASSCOM). Over the last 12 months, ten shortlisted companies were incubated with initial prize money of USD 10,000 each and engineering support at Qualcomm India’s Innovation Lab in Bangalore where they could transform their ideas into prototypes. In the final round, the companies were judged by the jury members consisting of Industry, Government and Qualcomm executives. In addition, the selected winners were awarded USD 100,000 each as part of the Challenge.

The winners are Carnot Technologies, IFuture Robotics and Uncanny Vision.

Qualcomm also announced investment of USD 8.5 Mn for expansion of their design initiatives in India, to be called henceforth the ‘Qualcomm Design in India Program’ (QDIP). Under this program two key initiatives were announced:

  • The Qualcomm “Design in India Challenge II” will support companies in the areas of Rural Technology, Biometric Devices, Payment Terminals, Agri Technology, Medical Technology and Smart Infrastructure
  • Enable India mobile and IoT vendors by providing advanced Camera, Audio, and RF design in India with the launch of a new Innovation Lab at Hyderabad and expansion of the current Innovation Lab in Bangalore