The transaction was disclosed in a document filed with the SEC, which is available at this link. The stock has a 50-day moving average of $65.24 and a 200-day moving average of $68.65.
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For FY2015, the company now expects adjusted earnings of $4.50 to $4.70 per share, versus earlier forecast of $ $4.60 to $5.00 per share. The total value of the transaction was worth $981,434. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $5.51.
Qualcomm will cut costs by about $1.4 billion per year and study the possible sale of assets as part of a company realignment. Effective July 3, 2014, Qualcomm acquired Wilocity Ltd. Effective September 15, 2014, Qualcomm Inc acquired Euvision Technologies BV. Finally, analysts at Oppenheimer reiterated a “buy” rating on shares of QUALCOMM in a research note on Tuesday. This represents a $1.92 annualized dividend and a dividend yield of 2.99%.
Out of the 35 analysts polled by TipRanks, 22 rate Qualcomm stock a Buy, 12 rate the stock a Hold and 1 recommends Sell.
QUALCOMM Incorporated (NASDAQ:QCOM): 20 Analyst have given the stock of QUALCOMM Incorporated (NASDAQ:QCOM) a near short term price target of $74.9. The Semiconductors Components company announced earnings per share of $1.28 against a consensus Street estimate of $1.2, beating the average estimate by $0.08. On average, analysts predict that QUALCOMM will post $4.79 earnings per share for the current fiscal year. Analysts at Zacks downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Friday, July 3rd.
The company’s revenue is down 14 percent from the year-ago quarter. In a recent information released to the investors, Mizuho Securities announces the price target of $68 per share. Mounting pressure from investors saw the company’s board approve a $15 billion repurchase program that is expected to boost the stock price that is already down by 14%. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The ex-dividend date is Monday, August 31st.
QUALCOMM Incorporated (Qualcomm) is engaged in designing and manufacturing of digital communications products and services based on code division multiple access (CDMA), Orthogonal Frequency Division Multiplexing (OFDMA) and other technologies. QUALCOMM Incorporated, a NMS listed company, has a current market cap of 104.94B and on average over the past 3 months has seen 11269600 shares trade hands on a daily basis. The Company’s products consist of integrated circuits and system software used in mobile devices and in wireless networks. QCT develops and supplies integrated circuits and system software based on CDMA, OFDMA and other technologies. According to the firm, the company’s QTL unit has a strong wireless IP portfolio, but the QCT unit has proved to be more synergistic in previous quarters.
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Qualcomm said it intends to “focus its investments in technologies that scale across core smartphone and adjacent growth opportunities, such as in its leading modem and other differentiated technologies”.
