QUALCOMM, Inc. (NASDAQ:QCOM)‘s stock had its “buy” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Thursday, MarketBeat.Com reports.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Simmons First Trust Co. NA bought a new position in QUALCOMM during the fourth quarter valued at approximately $1,677,000. Jolley Asset Management LLC increased its position in QUALCOMM by 8.2% in the fourth quarter. Jolley Asset Management LLC now owns 53,637 shares of the wireless technology company’s stock valued at $2,681,000 after buying an additional 4,058 shares during the period. Comgest Global Investors S.A.S. increased its position in QUALCOMM by 65.2% in the fourth quarter. Comgest Global Investors S.A.S. now owns 38,000 shares of the wireless technology company’s stock valued at $1,899,000 after buying an additional 15,000 shares during the period. Tocqueville Asset Management L.P. increased its position in QUALCOMM by 17.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 867,617 shares of the wireless technology company’s stock valued at $43,368,000 after buying an additional 129,228 shares during the period. Finally, Linscomb & Williams Inc. increased its position in QUALCOMM by 5.0% in the fourth quarter. Linscomb & Williams Inc. now owns 35,296 shares of the wireless technology company’s stock valued at $1,764,000 after buying an additional 1,672 shares during the period.

A number of other equities research analysts also recently weighed in on QCOM. Nomura raised their price target on QUALCOMM from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Canaccord Genuity decreased their price objective on QUALCOMM from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Northland Securities upgraded QUALCOMM from a “market perform” rating to an “outperform” rating in a report on Friday, January 22nd. JMP Securities decreased their price objective on QUALCOMM from $85.00 to $75.00 and set a “market outperform” rating on the stock in a report on Friday, November 6th. Finally, Barclays decreased their price objective on QUALCOMM from $60.00 to $55.00 in a report on Thursday, January 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $63.35.

QUALCOMM (NASDAQ:QCOM) opened at 45.34 on Thursday. The firm has a market capitalization of $67.78 billion and a P/E ratio of 15.06. The company’s 50-day moving average price is $47.71 and its 200-day moving average price is $54.73. QUALCOMM has a 1-year low of $43.47 and a 1-year high of $74.09.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 27th. The wireless technology company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. During the same quarter in the previous year, the business earned $1.34 EPS. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. The company’s revenue for the quarter was down 18.7% on a year-over-year basis. Equities research analysts expect that QUALCOMM will post $4.10 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 23rd. Investors of record on Wednesday, March 2nd will be issued a $0.48 dividend. This is an increase from QUALCOMM’s previous quarterly dividend of $0.25. This represents a $1.92 annualized dividend and a yield of 4.23%. The ex-dividend date is Monday, February 29th.

In other QUALCOMM news, Director Raymond V. Dittamore sold 7,000 shares of the stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $52.49, for a total transaction of $367,430.00. Following the completion of the transaction, the director now owns 5,599 shares of the company’s stock, valued at approximately $293,891.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald J. Rosenberg sold 5,139 shares of the stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $49.36, for a total transaction of $253,661.04. The disclosure for this sale can be found here.

Qualcomm Incorporated (NASDAQ:QCOM) is engaged in providing third-generation (3G), fourth-generation (4G) and next-generation wireless technologies. The Company’s products include 2net, AllPlay, Brew, Gobi, Halo, HealthyCircles, Hy-Fi, IPQ, IZat, Pixtronix, Powerline, QChat, QLearn, Small Cells, Snapdragon, Vive, RaptorQ, Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Company’s Brew platform enables feature phone applications, such as gaming, messaging, Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G, 4G, and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points, creating networks by plugging in.

12 Month Chart for NASDAQ:QCOM

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