Economy

QUALCOMM Sees Unusually Large Options Volume (QCOM)

QUALCOMM Sees Unusually Large Options Volume (QCOM)

The stock stands almost -5.18% off versus the 52-week high and 51.28% away from the 52-week low. QUALCOMM Incorporated highlighted its earnings success in the latest quarter as it beat the Street's earnings consensus estimates of $1.18 by $0.01. Zacks' sales calculations are an average based on a survey of research analysts that cover QUALCOMM.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 25th. Therefore, if QUALCOMM Incorporated meet or beat analysts' forecasts of earnings, its earnings per share would see an increase of about 15.38%.

Qualcomm today reported earnings for the second fiscal quarter of 2017, and in its report, the company says Apple suppliers are withholding royalty payments amid Apple's ongoing legal dispute with Qualcomm. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%.

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The lawsuit revolves around allegations from Apple that Qualcomm has overcharged the Cupertino-based firm by billions of dollars over several years. During the same period in the previous year, the business earned $0.97 EPS. Royal Bank of Canada dropped their target price on shares of QUALCOMM from $70.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 26th. Morgan Stanley cut QUALCOMM from an overweight rating to an equal weight rating in a research note on Tuesday, January 31st. Cowen and Company decreased their target price on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th. The analysts, on average, are forecasting a $65.07 price target, but the stock is already up 9.11% from its recent lows. The stock now has an average rating of "Hold" and a consensus price target of $67.65. The shares were purchased at an average price of $53.99 per share, for a total transaction of $53,990.00. Following the acquisition, the director now directly owns 1,281 shares of the company's stock, valued at $69,161.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The shares were purchased at an average price of $53.13 per share, with a total value of $999,640.95. The disclosure for this sale can be found here. KS now owns 622,727 shares of the wireless technology company's stock worth $33,359,000 after buying an additional 38,842 shares during the period.

Large investors have recently bought and sold shares of the company. Edmond DE Rothschild Monaco bought a new stake in QUALCOMM during the third quarter valued at $112,000.

On an adjusted basis, Qualcomm reported revenue of $5.99 billion, beating analysts' average estimate of $5.89 billion. Hengehold Capital Management LLC purchased a new position in shares of QUALCOMM during the third quarter valued at approximately $263,000. Capital Investment Advisors LLC boosted its position in shares of QUALCOMM by 23.6% in the third quarter. The Q2 2017 consensus earnings estimates for the company have stabilized at US$0.41 per share. Finally, FMR LLC raised its stake in QUALCOMM by 3.7% in the fourth quarter. Capital World Investors now owns 11,400,000 shares of the wireless technology company's stock worth $780,900,000 after buying an additional 4,150,000 shares during the last quarter.

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The state Senate Education Committee on Wednesday approved Bill 383, which now goes for a vote in the full Senate. Williams then asked White if he would be open to another hearing. "I shudder to think".

QCOM is up 1.88% to $53.60 per share in trading shortly after its earnings report was released. QUALCOMM, Inc. The company has a market capitalization of $77.97 billion, a PE ratio of 16.10 and a beta of 1.31. The stock's 50 day moving average price is $56.89 and its 200 day moving average price is $62.27.

On the other hand, Telephone and Data Systems, Inc.by far traveled 10.17% versus a 1-year low price of $24.12.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, March 1st will be issued a $0.53 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Monday, February 27th. QUALCOMM's dividend payout ratio (DPR) is 64.63%.

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The capital's minicab industry has grown dramatically from 65,000 licensed drivers in 2013/14 to more than 117,000 today. It lost a court battle in March to stop TfL from imposing strict new English reading and writing standards on drivers.


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