Tam Capital Management Inc. is another notably bullish active investment manager who is possessing 1.03M shares of Qualcomm or 23.16% of their USA equity exposure. The analysts also believe that the deal with the Chinese vendor shows the company’s desire to expand its business and sign new licenses contracts. The 50-Day Moving Average price is $56.61 and the 200 Day Moving Average price is recorded at $62.67.
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Wall Street brokerages following QUALCOMM Incorporated (NASDAQ:QCOM) stock have a consensus price target of $69.088 on the name. The wireless technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. QUALCOMM’s quarterly revenue was down 18.5% on a year-over-year basis.
After Barclays and Brean Capital assigned a Buy rating to Qualcomm Inc in the last month, the company received another Buy, this time from RBC Capital.
The $77 target price is based on their conservative dividend cash flow estimate of $46, a $19 multiple of its estimated earnings before income taxes depreciation and amortization (EBITDA), and fully taxed net cash/share of $12. Topeka Capital Markets maintained it with “Hold” rating and $65 target price in a July 23 report. The consensus analyst estimates according to First Call for the next quarter is 1.08. Year-to-Date the stock performance stands at -16.36%.The company shares have dropped -21.36% from its 1 Year high price. The $67.12 average target is 29.90% above today’s ($51.67) stock price. That was in response to the activist investors, Jana Partners, appeal to the company to execute a share repurchase plan earlier this year. The firm has current ratio of 1.10 for the most recent quarter. Price targets issued by sell-side analysts range from $57.5 to $80.
Silver Wheaton Corp. (USA) (NYSE:SLW) announce that its Board of Directors has declared its fourth quarterly cash dividend payment for 2015 of US$0.05 per common share. Following the completion of the sale, the executive vice president now directly owns 910 shares of the company’s stock, valued at approximately $50,577.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The shares opened for trading at $59.7 and hit $60.76 on the upside, eventually ending the session at $60.64, with a gain of 2.05% or 1.22 points. The ex-dividend date is Friday, November 27th. Sterling Michelle M sold 4,185 shares worth $248,253. The stock was acquired at an average price of $54.70 per share, for a total transaction of $54,700.00. The Organization operates in three sections, including Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives (QSI). The disclosure for this purchase can be found here.
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QUALCOMM Incorporated (NASDAQ:QCOM) designs, produces and market digital communications products and services based on Code Division Multiple Access (CDMA), Orthogonal Frequency Division Multiple Access (OFDMA) and other technologies. The products of the Company consist of integrated circuits and system software found in mobile devices and in wireless networks. QCT supplies and develops integrated circuits and system software based on OFDMA, CDMA and other technologies. QTL segment provides rights to use portions of its own property portfolio.
