International Business Machine (NYSE:IBM) topped the patent list for 24th successive year

Computing hardware giant International Business Machines (NYSE:IBM) efforts to compete and beat the human brain with computing technology had pushed the firm to the top of the 2016 list of patent awards.

The IBM and IFI Claims revealed on Monday that the US Patent and Trademark Office settled IBM 8,088 patents for the year, more than 2,700 of them stemming from artificial intelligence and intellectual computing work.

Next down on the list was Samsung with 5,518 patents, Canon with 3,665, Qualcomm with 2,897 and Google with 2,835.

According to reports, the USPTO approved 304,126 patents in 2016 in total, 10% more than the year before.

Meanwhile patents are an imperfect measure of competence in research, development, novelty and eventually business success.

It is not something very simple and ordinary, it surely takes a massive staff and a lot of intellectual-property lawyers to stay high on the list, so companies won’t make it up the list no matter how successful. In the meantime, many patent ideas never get materialized, or worse, emerge in a patent troll’s sketchy legal action trying to snatch licensing fees from big companies.

However, patents remain an important replication of how much a firm is spending at the moment into the upcoming technology. Another notable factor is that IBM beat the list for the 24th year in a row.

Moreover the company was granted 10% more patents in 2016 than 2015, but some others firms grew faster. No. 6 Intel augmented 34% to 2,784, while No. 14 Amazon surged 46% to 1,662, sufficient to drive it up 12 places in contrast to the 2015 list.

IPhone-maker giant Apple remained at its No. 11 rank but raised its patent haul 8% to 2,102.

QUALCOMM Incorporated (NASDAQ:QCOM) PT Suggests Stock Is Worth Around $73.50

QUALCOMM Incorporated (NASDAQ:QCOM) registered a 0.18% increase, still its new closing price is 60.98% up from the company’s 1 year high of 71.06.It posted 0.69% gains in previous 5 sessions and is now the subject of 16 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 $73.50, with individual PT in the $58.00-$83.00 range. The shares moved at $65.65, implying that brokerage firms see shares gaining about 48.21% 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 0.69% rise year to date. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) offloaded shares in a transaction closed on Tuesday January 03, 2017. GROB MATTHEW S sold 2,000 shares in the company at $65.86 each and collected $131,001 in proceeds. GROB MATTHEW S now owns 65,083 shares in the company after this transaction. A EVP & President, QTL in the company, ROGERS ALEXANDER H, disclosed a transaction on Thursday December 29, 2016 that ended up generating $589,000 from the sale of 8,993 shares at $65.5 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 JP Morgan’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Overweight by JP Morgan, according to news reported on Wednesday December 14, 2016.Another important research note was issued by Morgan Stanley on Thursday November 10, 2016.The firm downgraded QCOM to Equal-Weight from Overweight. Over the last six months and over the last three months, the shares of QUALCOMM Incorporated (QCOM), have changed 23.29% and -2.97%, respectively.

QUALCOMM Incorporated (NASDAQ:QCOM) at $65.55: How much higher it can go

QUALCOMM Incorporated (NASDAQ:QCOM), with -0.3% losses in previous 5 sessions, is under coverage of 28 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 24 stock analysts who cover the stock have an average PT at $73.5, with individual targets in the range of $58 to $83. The shares ended last trade at $65.55, implying that Wall Street analysts see shares climbing about 12.13 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 0.54 jumped so far this year. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Tuesday January 03, 2017. Grob Matthew S offloaded 2,000 shares in the company at a per-share price of $65.86 and ended up generating $131,720 in proceeds. Grob Matthew S retains 65,083 shares in the stock after this transaction. A EVP & President, QTL in the company, Rogers Alexander H, on Thursday December 29, 2016 collected $589,040 from the sale of 8,993 shares at a per-share price of $65.86. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (NASDAQ:QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $65.55/share should know the company will next release quarterly results for the December 2017 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.17 in earnings per share (EPS). That would represent a 20.62 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.12B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

Citigroup is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was initiated at Neutral, wrote analysts at Citigroup, in a research note issued to clients on Wednesday December 21, 2016. There was another key research note provided by JP Morgan on Wednesday December 14, 2016. The firm lowered its rating on QCOM from Overweight to Neutral.

Price Potential: Even though the stock has posted 0.12% rise in value, its new closing price reflects a -7.76% fall in value from company’s one year high of $71.62. The stock is currently holding below its 50-day SMA of $67.04 and above its 200-day SMA of $63.32. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed -1.16% and 25.87%, respectively.

Latest QUALCOMM Incorporated (NASDAQ:QCOM) Target Price Suggests Stock Is Worth $73.5/Share

QUALCOMM Incorporated (NASDAQ:QCOM), with -2.18% losses in previous 5 sessions, is under coverage of 28 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 24 stock analysts who cover the stock have an average PT at $73.5, with individual targets in the range of $58 to $83. The shares ended last trade at $65.4, implying that Wall Street analysts see shares climbing about 12.39 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 0.31 jumped so far this year. A EVP & President, QTL at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Thursday December 29, 2016. Rogers Alexander H offloaded 8,993 shares in the company at a per-share price of $65.5 and ended up generating $589,040 in proceeds. Rogers Alexander H retains 655 shares in the stock after this transaction. A EVP, Qualcomm Technologies Inc in the company, Grob Matthew S, on Tuesday December 13, 2016 collected $140,000 from the sale of 2,000 shares at a per-share price of $65.5. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (NASDAQ:QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $65.4/share should know the company will next release quarterly results for the December 2017 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.17 in earnings per share (EPS). That would represent a 20.62 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.11B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

Citigroup is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was initiated at Neutral, wrote analysts at Citigroup, in a research note issued to clients on Wednesday December 21, 2016. There was another key research note provided by JP Morgan on Wednesday December 14, 2016. The firm lowered its rating on QCOM from Overweight to Neutral.

Price Potential: Even though the stock has posted 0.31% rise in value, its new closing price reflects a -7.97% fall in value from company’s one year high of $71.62. The stock is currently holding below its 50-day SMA of $67.1 and above its 200-day SMA of $63.29. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed -1.79% and 27.98%, respectively.

Qualcomm Technologies, Inc., a subsidiary of QUALCOMM Incorporated (NASDAQ:QCOM), on January 3, 2017 announced two new critically important elements of the Qualcomm® Network designed to deliver simple, consistent and seamless connected experiences. As network complexity and expectations skyrocket at the hands of insatiable consumer demand, Qualcomm Technologies is introducing a suite of features, for deployment across IoT devices, IoT hubs, and network gateways, that centralize and manage the complex and diverse connectivity technologies and ecosystems – the Qualcomm® Network IoT Connectivity platform. Additionally, Qualcomm Technologies is further broadening the capabilities of its award winning Qualcomm® Wi-Fi Self Organizing Network (SON) solution to help ensure the best managed network possible.

The growth of IoT services and smart home devices has, until now, created islands of products rendered incompatible by conflicting connectivity technologies, communication protocols, and software frameworks. Building upon the success of Qualcomm Technologies’ device-focused IoT solutions, such as the QCA401x and QCA4531, the Qualcomm Network IoT Connectivity platform is designed to help ensure, for the first time, compatible and simultaneous use of Wi-Fi, Bluetooth, CSRmesh™ connectivity, and 802.15.4-based technologies across a network. The Qualcomm Network IoT Connectivity platform also supports previously announced communication protocols, cloud services and software frameworks, allowing it to act as a universal translator. By connecting previously disparate product portfolios and ecosystems, the Qualcomm Network IoT Connectivity platform significantly minimizes complexity and eases fragmentation challenges for manufacturers, developers and consumers.

QUALCOMM Incorporated (NASDAQ:QCOM) Earns Consensus Hold Rating

QUALCOMM Incorporated (NASDAQ:QCOM), with -1.67% losses in previous 5 sessions, is under coverage of 28 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 24 stock analysts who cover the stock have an average PT at $73.5, with individual targets in the range of $58 to $83. The shares ended last trade at $66.04, implying that Wall Street analysts see shares climbing about 11.3 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 36.83 jumped so far this year. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Tuesday December 13, 2016. Grob Matthew S offloaded 2,000 shares in the company at a per-share price of $70 and ended up generating $140,000 in proceeds. Grob Matthew S retains 65,083 shares in the stock after this transaction. A EVP, Qualcomm Technologies Inc in the company, Grob Matthew S, on Monday December 12, 2016 collected $136,320 from the sale of 2,000 shares at a per-share price of $70. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (NASDAQ:QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $66.04/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.17 in earnings per share (EPS). That would represent a 20.62 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.11B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

Citigroup is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was initiated at Neutral, wrote analysts at Citigroup, in a research note issued to clients on Wednesday December 21, 2016. There was another key research note provided by JP Morgan on Wednesday December 14, 2016. The firm lowered its rating on QCOM from Overweight to Neutral.

Price Potential: Even though the stock has posted 0.44% rise in value, its new closing price reflects a -7.07% fall in value from company’s one year high of $71.62. The stock is currently holding below its 50-day SMA of $67.14 and above its 200-day SMA of $62.9. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed -1.32% and 25.3%, respectively.

QUALCOMM Incorporated (NASDAQ:QCOM) and Meizu Technology Co., Ltd. announced today that, based on equal and fair negotiation, they have reached a patent license agreement whereby Qualcomm grants Meizu a worldwide royalty-bearing patent license to develop, manufacture and sell CDMA2000, WCDMA and 4G LTE (including “3-mode” GSM, TD-SCDMA and LTE-TDD) complete devices.  The royalties payable by Meizu in China are consistent with the terms of the rectification plan submitted by Qualcomm to China’s National Development and Reform Commission (NDRC).  This agreement resolves all of the patent disputes between Qualcomm and Meizu in China, Germany, France, and the United States.  Qualcomm and Meizu have agreed to take appropriate steps to terminate or withdraw the patent infringement litigations and respective invalidity proceedings or other related litigations.

QUALCOMM Incorporated (NASDAQ:QCOM) Stock Rises, Analysts: Hold Rating

QUALCOMM Incorporated (NASDAQ:QCOM), with 0.34% gains in previous 5 sessions, is under coverage of 28 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 24 stock analysts who cover the stock have an average PT at $73.5, with individual targets in the range of $58 to $83. The shares ended last trade at $67.25, implying that Wall Street analysts see shares climbing about 9.29 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 39.34 jumped so far this year. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Tuesday December 13, 2016. Grob Matthew S offloaded 2,000 shares in the company at a per-share price of $70 and ended up generating $140,000 in proceeds. Grob Matthew S retains 65,083 shares in the stock after this transaction. A EVP, Qualcomm Technologies Inc in the company, Grob Matthew S, on Monday December 12, 2016 collected $136,320 from the sale of 2,000 shares at a per-share price of $70. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (NASDAQ:QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $67.25/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.17 in earnings per share (EPS). That would represent a 20.62 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.11B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

Citigroup is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was initiated at Neutral, wrote analysts at Citigroup, in a research note issued to clients on Wednesday December 21, 2016. There was another key research note provided by JP Morgan on Wednesday December 14, 2016. The firm lowered its rating on QCOM from Overweight to Neutral.

Price Potential: Even though the stock has posted 0.58% rise in value, its new closing price reflects a -5.37% fall in value from company’s one year high of $71.62. The stock is currently holding above its 50-day SMA of $67.27 and above its 200-day SMA of $62.85. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed 7.05% and 30.17%, respectively.

The Insider Activity Don’t Lie: QUALCOMM Incorporated (NASDAQ:QCOM)

QUALCOMM Incorporated (NASDAQ:QCOM), with -1.87% losses in previous 5 sessions, is under coverage of 28 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 23 stock analysts who cover the stock have an average PT at $73.65, with individual targets in the range of $58 to $83. The shares ended last trade at $66.76, implying that Wall Street analysts see shares climbing about 10.32 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 38.32 jumped so far this year. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Tuesday December 13, 2016. Grob Matthew S offloaded 2,000 shares in the company at a per-share price of $70 and ended up generating $140,000 in proceeds. Grob Matthew S retains 65,083 shares in the stock after this transaction. A EVP, Qualcomm Technologies Inc in the company, Grob Matthew S, on Monday December 12, 2016 collected $136,320 from the sale of 2,000 shares at a per-share price of $70. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (NASDAQ:QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $66.76/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.17 in earnings per share (EPS). That would represent a 20.62 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.11B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

Citigroup is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was initiated at Neutral, wrote analysts at Citigroup, in a research note issued to clients on Wednesday December 21, 2016. There was another key research note provided by JP Morgan on Wednesday December 14, 2016. The firm lowered its rating on QCOM from Overweight to Neutral.

Price Potential: Even though the stock has posted -0.6% fall in value, its new closing price reflects a -6.06% fall in value from company’s one year high of $71.62. The stock is currently holding below its 50-day SMA of $67.29 and above its 200-day SMA of $62.5. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed 7.22% and 30.19%, respectively.

On December 19, 2016, Qualcomm Technologies, Inc., a subsidiary of QUALCOMM Incorporated (NASDAQ:QCOM), Ericsson, and SK Telecom announced plans to conduct interoperability testing and over-the-air field trials based on 5G New Radio (NR) standards being developed based on specifications in 3GPP. The trials intend to drive the mobile ecosystem toward rapid validation and commercialization of 5G NR technologies at scale, enabling timely commercial network launches based on 3GPP Rel-15 standard compliant 5G NR infrastructure and devices.

In the trials, the Companies will showcase new 5G NR technologies that utilize wide bandwidths available at higher frequency bands to increase network capacity and achieve multi-gigabit per second data rates. These technologies will be critical to meeting the increasing consumer connectivity requirements for emerging consumer mobile broadband experiences such as virtual reality, augmented reality and connected cloud services. Additionally, the proliferation of 5G NR technology can make it more cost-effective and easier for multi-gigabit Internet service to reach more homes and businesses.

The trials will employ 3GPP 5G NR Multiple-Input Multiple-Output (MIMO) antenna technology with adaptive beamforming and beam tracking techniques to deliver robust and sustained mobile broadband communications at higher frequency bands, including non-line-of-sight (NLOS) environments and device mobility. It will also make use of scalable OFDM-based waveforms and a new flexible framework design that are also part of the 5G NR specifications. The trials are expected to yield valuable insight into the unique challenges of integrating 5G NR technologies into mobile networks and devices.

The interoperability testing and trials, which will launch in Korea starting in the second half of 2017, are intended to track closely with, as well as help accelerate, the first 3GPP 5G NR specification that will be part of Release 15 – the global 5G standard that will make use of both sub-6 GHz and mmWave spectrum bands. Tracking the 3GPP specification is important because it promotes adherence and validation with the global 5G standard, accelerating the time to standard-compliant devices and infrastructure. It will also drive forward compatibility to future 3GPP 5G NR releases.

QUALCOMM Incorporated (NASDAQ:QCOM) at $66.91: How much higher it can go

QUALCOMM Incorporated (NASDAQ:QCOM), with -3.5% losses in previous 5 sessions, is under coverage of 28 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 22 stock analysts who cover the stock have an average PT at $73.36, with individual targets in the range of $58 to $83. The shares ended last trade at $66.91, implying that Wall Street analysts see shares climbing about 9.64 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 38.63 jumped so far this year. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Tuesday December 13, 2016. Grob Matthew S offloaded 2,000 shares in the company at a per-share price of $70 and ended up generating $140,000 in proceeds. Grob Matthew S retains 65,083 shares in the stock after this transaction. A EVP, Qualcomm Technologies Inc in the company, Grob Matthew S, on Monday December 12, 2016 collected $136,320 from the sale of 2,000 shares at a per-share price of $70. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (NASDAQ:QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $66.91/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.17 in earnings per share (EPS). That would represent a 20.62 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.11B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

JP Morgan is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was downgraded to Neutral from Overweight, wrote analysts at JP Morgan, in a research note issued to clients on Wednesday December 14, 2016. There was another key research note provided by Morgan Stanley on Thursday November 10, 2016. The firm lowered its rating on QCOM from Overweight to Equal-Weight.

Price Potential: Even though the stock has posted -0.16% fall in value, its new closing price reflects a -5.85% fall in value from company’s one year high of $71.62. The stock is currently holding below its 50-day SMA of $67.34 and above its 200-day SMA of $62.44. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed 6.08% and 25.84%, respectively.

Latest QUALCOMM Incorporated (QCOM) Target Price Suggests Stock Is Worth $73.36/Share

QUALCOMM Incorporated (QCOM), with -3.01% losses in previous 5 sessions, is under coverage of 0 analysts who collectively assign a hold rating on stock. 0 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 22 stock analysts who cover the stock have an average PT at $73.36, with individual targets in the range of $58 to $83. The shares ended last trade at $66.46, implying that Wall Street analysts see shares climbing about 10.38 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 37.7 jumped so far this year. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Tuesday December 13, 2016. Grob Matthew S offloaded 2,000 shares in the company at a per-share price of $70 and ended up generating $140,000 in proceeds. Grob Matthew S retains 65,083 shares in the stock after this transaction. A EVP, Qualcomm Technologies Inc in the company, Grob Matthew S, on Monday December 12, 2016 collected $136,320 from the sale of 2,000 shares at a per-share price of $70. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $66.46/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.17 in earnings per share (EPS). That would represent a 20.62 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.11B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

JP Morgan is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was downgraded to Neutral from Overweight, wrote analysts at JP Morgan, in a research note issued to clients on Wednesday December 14, 2016. There was another key research note provided by Morgan Stanley on Thursday November 10, 2016. The firm lowered its rating on QCOM from Overweight to Equal-Weight.

Price Potential: Even though the stock has posted -2.31% fall in value, its new closing price reflects a -6.48% fall in value from company’s one year high. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed 6.55% and 25.34%, respectively.

QUALCOMM Incorporated (QCOM) on December 13, 2016 announced that its subsidiary, Qualcomm Technologies, Inc., intends to collaborate with Google to add support for the new Android Things operating system (OS) in Qualcomm® Snapdragon™ processors. Android Things is a new vertical of Android designed for Internet of Things (IoT) devices. By using their expertise in Android and Snapdragon processors to support development of a variety of connected devices aimed at both consumer and industrial applications, this initiative intends to help a vast number of developers participate in the IoT opportunity.

The design of IoT devices can be a complex task, usually requiring developers to bring together multiple connectivity technologies, sensors, data processing and storage, advanced multimedia and user interfaces, security, cloud integration, device management, as well as over-the-air upgrades and services. Development can be particularly challenging in fragmented OS ecosystems lacking a consistent environment, software tools and support required to create world-class applications.

Qualcomm Technologies and Google are uniquely positioned to address these challenges. We anticipate Android Things running on Snapdragon processors will offer developers familiar connectivity environments, including cellular, Wi-Fi® and Bluetooth®; support for a wide array of sensors; camera, graphics, multimedia and rich UI capabilities; hardware-based security; Google services and cloud integration; test and optimization tools, and more – allowing for rapid development of scalable, cost-effective and security-focused IoT solutions.

Which way QUALCOMM Incorporated (NASDAQ:QCOM) insiders are heading

QUALCOMM Incorporated (NASDAQ:QCOM), with -1.14% losses in previous 5 sessions, is under coverage of 27 analysts who collectively assign a hold rating on stock. 15 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 22 stock analysts who cover the stock have an average PT at $73.36, with individual targets in the range of $58 to $83. The shares ended last trade at $67.56, implying that Wall Street analysts see shares climbing about 8.58 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 39.98 jumped so far this year. A EVP, Qualcomm Technologies Inc at QUALCOMM Incorporated (QCOM) sold shares in a trading activity completed on Tuesday December 13, 2016. Grob Matthew S offloaded 2,000 shares in the company at a per-share price of $70 and ended up generating $140,000 in proceeds. Grob Matthew S retains 65,083 shares in the stock after this transaction. A EVP, Qualcomm Technologies Inc in the company, Grob Matthew S, on Monday December 12, 2016 collected $136,320 from the sale of 2,000 shares at a per-share price of $70. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

QUALCOMM Incorporated (NASDAQ:QCOM) Earnings on Tap

Investors interested in trading QCOM stock at the current market price of $67.56/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $1.18 in earnings per share (EPS). That would represent a 21.65 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $6.11B.

Historical Quarterly Earnings: Last quarter, QUALCOMM Incorporated generated nearly $6.17B in sales and net income of $1.28/share. That compares with the mean forecast $5.84B and $1.13/share, respectively. For the prior quarter revenue for the stock hit $6.03B, with EPS at $1.16.

QUALCOMM Incorporated (QCOM) Analyst Rating News

JP Morgan is following shares of QUALCOMM Incorporated (QCOM), so its rating change is noteworthy. The company stock was downgraded to Neutral from Overweight, wrote analysts at JP Morgan, in a research note issued to clients on Wednesday December 14, 2016. There was another key research note provided by Morgan Stanley on Thursday November 10, 2016. The firm lowered its rating on QCOM from Overweight to Equal-Weight.

Price Potential: Even though the stock has posted -2.57% fall in value, its new closing price reflects a -4.93% fall in value from company’s one year high of $71.62. The stock is currently holding above its 50-day SMA of $67.53 and above its 200-day SMA of $62.09. Over the last 3 months and over the last 6 months, the shares of QUALCOMM Incorporated (QCOM), have changed 8.87% and 28.54%, respectively.

QUALCOMM Incorporated (NASDAQ:QCOM) on December 13, 2016 announced that its subsidiary, Qualcomm Technologies, Inc., intends to collaborate with Google to add support for the new Android Things operating system (OS) in Qualcomm® Snapdragon™ processors. Android Things is a new vertical of Android designed for Internet of Things (IoT) devices. By using their expertise in Android and Snapdragon processors to support development of a variety of connected devices aimed at both consumer and industrial applications, this initiative intends to help a vast number of developers participate in the IoT opportunity.

The design of IoT devices can be a complex task, usually requiring developers to bring together multiple connectivity technologies, sensors, data processing and storage, advanced multimedia and user interfaces, security, cloud integration, device management, as well as over-the-air upgrades and services. Development can be particularly challenging in fragmented OS ecosystems lacking a consistent environment, software tools and support required to create world-class applications.

Qualcomm Technologies and Google are uniquely positioned to address these challenges. We anticipate Android Things running on Snapdragon processors will offer developers familiar connectivity environments, including cellular, Wi-Fi® and Bluetooth®; support for a wide array of sensors; camera, graphics, multimedia and rich UI capabilities; hardware-based security; Google services and cloud integration; test and optimization tools, and more – allowing for rapid development of scalable, cost-effective and security-focused IoT solutions.