The $1.16 a share earned by the company topped what analysts expected – 97 cents a share.
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And Medidata Solutions Inc (NASDAQ:MDSO) was another technology to get the brokers’ seal of approval on Thursday. The company has a 50-day moving average price of $54.09 and a 200-day moving average price of $51.15. Vetr upgraded Qualcomm from a “buy” rating to a “strong-buy” rating and set a $58.17 price target on the stock in a report on Monday, March 28th. The company’s revenue was up 2.9% on a year-over-year basis. Total 13 number of trades held during last 3 months and 74 during last 12 months, out of them 3 numbers of buys held in last 3 months and 21 buys in last 12 months. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5578.82 million.
Qualcomm Inc. (QCOM) reported third quarter EPS of $1.16 after the bell Wednesday, up from $0.99 a year ago. The ex-dividend date is Monday, August 29th. The company now has a consensus rating of “Buy” and a consensus target price of $61.80.
The current ratio for QUALCOMM Incorporated (NASDAQ:QCOM) shows a rate of 2.9 with its quick ratio of 2.7.
The company also experienced a year-over-year increase of its gross merchandise volume-from 4% to 6%. The company projected sales for the fourth quarter between $5.4 billion and $6.2 billion with non-GAAP earnings of $1.05 to $1.15 a share.
BMO Capital analyst Tim Long kept his rating on the stock at underperform-the only bearish rating among analysts surveyed by FactSet-but lifted his price target to $53, which is 12% below current levels, from $50, citing a better-than-expected September quarter outlook. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company.
07/21/2016 – QUALCOMM Incorporated had its “buy” rating reiterated by analysts at Canaccord Genuity. Aberle Derek K is second leading insider shareholder, as of May 5, 2015 the insider owns 91,887 shares of the stock. LSV Asset Management raised its stake in shares of Qualcomm by 7.8% in the fourth quarter.
The Sell-Side reiterated its Outperform rating for the stock, and increased its Price Target to $70.
Johns Investment Management Company boosted its stake in QCOM in the latest quarter, The investment management firm added 397 additional shares and now holds a total of 15,415 shares of QUALCOMM which is valued at $860,465. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The Hedge Fund company now holds 79,998 shares of QCOM which is valued at $4,427,889. Also, EVP Matthew S. Grob sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 24th. The disclosure for this sale can be found here. Analysts predict that Qualcomm will post $4.07 earnings per share for the current year.
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The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products.
