QUALCOMM Incorporated (QCOM) : The consensus on QUALCOMM Incorporated (QCOM) based on 23 analyst recommendation on the company stock is 2.26, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
QUALCOMM Incorporated (QCOM) : Average target price received by QUALCOMM Incorporated (QCOM) is $59.17 with an expected standard deviation of $7.92. The most aggressive target on the stock is $70, whereas the most downbeat target is $39. 18 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. QUALCOMM Incorporated (NASDAQ:QCOM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.89 and $61.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.74, notching a gain of 0.05% for the day. The total traded volume was 4,988,258 . The stock had closed at $61.71 on the previous day.
In a related news,The officer (EVP, GC & Corporate Secretary) of Qualcomm Inc/De, Rosenberg Donald J sold 8,250 shares at $61.09 on August 4, 2016. The Insider selling transaction had a total value worth of $503,993. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G), fourth-generation (4G) and next-generation wireless technologies. The Companys 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 Companys 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.