Qualcomm warns of Apple impact as Q2 hit by Blackberry deal
- Author: Zachary Reyes Apr 21, 2017,
Apr 21, 2017, 2:34
They set a positive rating and a $80.00 price objective for the company. QUALCOMM now has an average rating of "Hold" and a consensus target price of $67.65.
Shares of Qualcomm ticked higher in extended trading, climbing by as much as 1.69% to $53.50 following tonight's report.
QUALCOMM Incorporated (QCOM) has a market capitalization of 78.12 Billion. The stock's 50-day moving average is $59.40 and its 200 day moving average is $63.86. The company has PEG ratio of 1.54 and price to cash ratio of 7.23.
Qualcomm shares were last seen down 0.45% at $52.38, in a 52-week trading range of $50.11 to $71.62. The chipmaker, which reported results on Wednesday, also saw its revenue top estimates.
Qualcomm Inc QCOM.O , the largest maker of chips used in smartphones, reported 9.6 percent fall in quarterly revenue, hurt by an arbitration decision to pay Canada's BlackBerry Ltd BB.TO for previously received royalties. QUALCOMM had a return on equity of 20.25% and a net margin of 20.56%. Revenue of $6.0 billion (flat q/q) was above Pacific Crest's estimate of $5.9 billion, driven by stronger MSM shipments and better ASP mix.
For the past 5 years, Regions Financial Corporation's EPS growth has been almost 114.7%.
Quarterly operating income came in at $729 million compared with $1,415 million in the year-ago quarter. But it could become somewhat clearer when the San Diego wireless giant reports licensing revenue for the quarter ending in March and forecasts what it expects for the current quarter ending June 30. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of USA & global copyright 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. EPS is expected down 5-31 percent, at United States dollars 0.67-0.92. The ex-dividend date of this dividend is Friday, May 26th. This is an increase from QUALCOMM's previous quarterly dividend of $0.53. (NASDAQ:QCOM) because of significant EPS accretion and end-market diversification away from mobile from the pending NXP acquisition, and an attractive dividend yield of 4.3%.
Qualcomm now carries a Zacks Rank #4 (Sell).
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -13.49%, and has a poor year to date (YTD) performance of -18.56% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were bought at an average price of $53.99 per share, with a total value of $53,990.00. The disclosure for this purchase can be found here. Corporate insiders own 0.24% of the company's stock. He also added that the company understands that these periods could lead to increased volatility in the future results and need open as well as regular dialogue with their investors. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/04/20/34500-shares-in-qualcomm-inc-qcom-acquired-by-bristol-advisors-llc-updated-updated.html. Qualcomm charges phone manufacturers a percentage of the cost of every phone regardless of whether the phone had chips from the company or its rivals such as Intel. Finally, Kornitzer Capital Management Inc.