QUALCOMM, Inc. (NASDAQ:QCOM) is scheduled to announce its Q116 earnings results after the market closes on Wednesday, January 27th. Analysts expect the company to announce earnings of $0.90 per share and revenue of $5.68 billion for the quarter. QUALCOMM has set its Q1 guidance at $0.80-0.90 EPS.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 4th. The wireless technology company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.21 billion. During the same quarter last year, the firm posted $1.26 EPS. The business’s quarterly revenue was down 18.5% on a year-over-year basis. On average, analysts expect QUALCOMM to post $4.19 EPS for the current fiscal year and $4.90 EPS for the next fiscal year.

QCOM has been the subject of a number of research reports. Barclays lowered their target price on QUALCOMM from $60.00 to $55.00 in a research report on Thursday, January 14th. Nomura reiterated a “neutral” rating and set a $55.00 target price on shares of QUALCOMM in a research report on Friday, January 15th. Pacific Crest initiated coverage on QUALCOMM in a research report on Friday, December 4th. They set an “overweight” rating and a $64.00 target price for the company. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and set a $75.00 target price on shares of QUALCOMM in a research report on Friday, November 20th. Finally, Sanford C. Bernstein lowered their price target on QUALCOMM from $68.00 to $60.00 and set a “market perform” rating for the company in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $64.32.

In other news, EVP Cristiano R. Amon sold 9,351 shares of the company’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $51.82, for a total value of $484,568.82. Following the transaction, the executive vice president now owns 1,010 shares of the company’s stock, valued at approximately $52,338.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Donald J. Rosenberg sold 5,139 shares of the company’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $49.36, for a total value of $253,661.04. The disclosure for this sale can be found here.

A hedge fund recently raised its position in QUALCOMM stock. Simplex Trading boosted its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 149.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,030 shares of the wireless technology company’s stock after buying an additional 1,814 shares during the period. Simplex Trading’s holdings in QUALCOMM were worth $272,000 as of its most recent filing with the SEC.

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) opened at 48.07 on Monday. QUALCOMM, Inc. has a one year low of $44.39 and a one year high of $74.09. The stock’s 50 day moving average is $48.28 and its 200-day moving average is $55.30. The company has a market cap of $72.25 billion and a PE ratio of 14.93.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 23rd. Stockholders of record on Wednesday, March 2nd will be given a dividend of $0.48 per share. The ex-dividend date is Monday, February 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.25.

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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