QUALCOMM Incorporated (NASDAQ:QCOM) registered a 0.35% increase, still its new closing price is 33.00% up from the company’s 1 year high of 71.06.It posted -13.74% losses in previous 5 sessions and is now the subject of 17 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 32 stock analysts following this company have an average price target at $66.00, with individual PT in the $47.10-$81.00 range. The shares moved at $54.24, implying that brokerage firms see shares gaining about 28.88% 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 -16.81% 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 $1.22 in that period. Sales during the quarter are predicted to arrive at $6.34 billion.
Earnings surprise history: Last quarter, the company posted approximately $5.99 billion in revenue and EPS of $1.19. The mean forecast was for $6.12 billion and $1.18 a share, respectively. One quarter earlier, revenue for the stock was at $6.17 billion, with earnings at $1.28/share.
QUALCOMM Incorporated (QCOM) Brokerage Update
QUALCOMM Incorporated (QCOM) is in Charter Equity’s research list so their analyst rating change is noteworthy. These shares were downgraded to Mkt Perform from Buy by Charter Equity, according to news reported on Tuesday January 24, 2017.Another important research note was issued by CLSA on Monday January 23, 2017.The firm downgraded QCOM to Underperform from Buy. Over the last six months and over the last three months, the shares of QUALCOMM Incorporated (QCOM), have changed -11.70% and -19.85%, respectively.