QUALCOMM, Inc. Q2 Earnings Top View, Q3 Outlook In-Line

How Technical Indicators Have Come Out? - QUALCOMM Incorporated (QCOM), Telephone and Data Systems, Inc

Rosenblatt Securities cut shares of QUALCOMM, Inc. Moreover, Charter Equity issued Downgrade rating for the stock on 24-Jan-17. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement.

A number of other research analysts have also commented on QCOM. Canaccord Genuity reaffirmed a buy rating and set a $81.00 price target on shares of QUALCOMM in a research report on Thursday, January 12th.

The litigation has weighed on Qualcomm's shares, which are down about 19 percent this year through Wednesday's close. Morgan Stanley lowered QUALCOMM from an overweight rating to an equal weight rating in a research report on Tuesday, January 31st.

Tim Long, BMO Capital: Reiterates a Market Perform rating, and cuts his price target to $54 from $60. Buy rating has been given by 7 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 20 analysts given HOLD rating.

Since the start of the New Year, QUALCOMM Incorporated (NASDAQ:QCOM) shares have seen a move of -18.12%.

More news: 53 people charged with conspiring to celebrate gay wedding in Nigeria

The company's shares were up 2.4 percent at $53.85 in aftermarket trading on Wednesday. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -6.34%. QUALCOMM Incorporated (NASDAQ:QCOM) shares have been recently spotted -25.17% away from the 52-week high, and 8.89% away from the 52-week low mark. Given that liquidity is king in short-term, QCOM is a stock with 1.48 billion shares outstanding that normally trades 1.05% of its float.

Qualcomm Inc. (QCOM - Free Report), the largest manufacturer of wireless chipsets based on baseband technology in the USA, reported mixed financial results for the second quarter of fiscal 2017 (ended Mar 31, 2017) wherein the bottom line outshined the Zacks Consensus Estimate but the top line missed the same.

On a GAAP basis, quarterly net income came in at $749 million or 50 cents per share compared with $1,164 million or 78 cents in the year-ago quarter. The company's revenue for the quarter was up 8.1% compared to the same quarter previous year.

U.S. based company, Corning Incorporated (GLW)'s latest closing price distance was at 11.54% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -1.08% and -0.44% compared with the 20 Day Moving Average.

A valuation metric for determining relative trade-off among price of a stock; QUALCOMM Incorporated (NASDAQ:QCOM) has price to earnings growth of 1.53. QUALCOMM's revenue was up 8.1% compared to the same quarter previous year. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range. If you are accessing this story on another publication, it was copied illegally and republished in violation of USA & global trademark & copyright legislation. The original version of this story can be accessed at https://transcriptdaily.com/2017/04/20/qualcomms-qcom-neutral-rating-reaffirmed-at-jpmorgan-chase-co.html. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.57 per share. BlackRock Institutional Trust Company N.A. increased its stake in shares of QUALCOMM by 2.0% in the third quarter. A rating of 4 or 5 would represent a Sell recommendation. The ex-dividend date of this dividend is Friday, May 26th. QUALCOMM's payout ratio is 64.63%. The shares were sold at an average price of $68.16, for a total value of $136,320.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. These analysts and investment firms use various valuation methods to decide a price target for a stock.

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