Chipmaker Qualcomm's revenue falls 9.6 pct

Chipmaker Qualcomm's revenue falls 9.6 pct

Volatility makes major charm for active investors, so firm has 1.50% volatility for month and its performance in stock market been -8.99%.

BMO Capital Markets lowered Qualcomm's price target price to $54 from $60.

Now the shares of QUALCOMM Incorporated (QCOM) has a trading volume of 15.17 Million shares, with an average trading volume of 14490 shares - with shares dropping to a 52 week low of $48.38, and the company's shares hitting a 52 week high of $ 70.41. Finally, Macquarie began coverage on shares of QUALCOMM in a report on Thursday, March 30th.

Price targets are being cut at numerous shops today, by both bull and bear. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

The stock price of the tech company increased 2.32% to $58.83 per share during the extended trading hours on Wednesday. 2,442,865 shares of the company traded hands. However the company observed 52 week high price on 10/27/16 and witnessed 52 week low price on 04/29/16. The chip maker expects revenue to be between $5.3 billion and $6.1 billion, versus the consensus of $5.94 billion.

Corning Incorporated (GLW) closed 11.54% above its 200-day moving average and is -1.08% below another chart threshold, its 50-day moving average.

(NASDAQ:QCOM) is scheduled to report its second-quarter fiscal 2017 earnings on April 19th, after market close.

This in turn is causing Qualcomm to issue a wide range of estimates - $5.3bn to $6.1bn, or down 12 per cent to up one per cent year-on-year - for revenues in the coming quarter and reflects the uncertainty Qualcomm still faces with its patent licensing business long-term.

QUALCOMM, Inc. (NASDAQ:QCOM)'s average revenue estimates for the current quarter are $5.89B according to 21 number of analysts. QUALCOMM had a return on equity of 20.25% and a net margin of 20.56%. Meanwhile, Qualcomm posted $5.99 billion total revenue versus the predicted $5.89 billion.

The share price of QUALCOMM Incorporated (NASDAQ:QCOM) was down -0.11% during the last trading session, with a day high of 53.10.

"TRADEMARK VIOLATION WARNING: "[[title]]" was originally published by [[site]] and is the property of of [[site]]. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of US and global trademark and copyright legislation. The original version of this story can be viewed at BP PLC increased its stake in shares of QUALCOMM by 18.5% in the second quarter. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, May 26th. QUALCOMM's payout ratio is presently 64.63%. FCA Corp TX now owns 4,738 shares of the wireless technology company's stock valued at $325,000 after buying an additional 40 shares during the last quarter. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in QUALCOMM during the fourth quarter worth approximately $922,599,000. Tradewinds Capital Management LLC raised its stake in QUALCOMM by 4.8% in the third quarter.

Qualcomm continued to collect some royalties for Apple's use of its wireless technology in iPhones a year ago despite dueling lawsuits between the two mobile giants, cheering Qualcomm investors who feared that the payments had entirely dried up.