Qualcomm Incorporated (NASDAQ:QCOM) Short Interest Increased By 3.64%

Yet, slow growth in several emerging nations and challenges in the mobile phone chipset market are potent headwinds. According to the analysts, the company has the Low Price target of $50 whereas, the Mean Target is estimated by the brokers is $57.91. Qualcomm Inc. has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. TheStreet raised Qualcomm from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Charter Equity raised Qualcomm from a “market perform” rating to a “buy” rating in a research note on Thursday. The analysts have a buy rating on the stock.

Return on equity (ROE) measures the rate of return on the ownership interest (shareholders’ equity) of the common stock owners. The ratio increased, as 104 funds sold all QUALCOMM, Inc. shares owned while 463 reduced positions.

With its market value over its outstanding shares, QUALCOMM Incorporated (NASDAQ:QCOM) Communication Equipment has a market capitalization valued at Communication Equipment. In the same period of past year, it posted $0.55 in EPS on revenue of $13.2 billion. Contravisory Investment Management added QCOM to its portfolio by purchasing 61 company shares during the most recent quarter which is valued at $3,345. Leisure Capital Management increased its position in shares of Qualcomm by 4.7% in the fourth quarter. The Hedge Fund company now holds 18,942 shares of QCOM which is valued at $1,057,342.

Currently, 0.17% shares of QUALCOMM, Inc. Beta of Camtek Ltd. (NASDAQ:CAMT) is 1.52 while company weekly performance is 5.60%. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The disclosure for this sale can be found here.

The current Stock Price for QUALCOMM Incorporated (NASDAQ:QCOM) Communication Equipment is 59.98 with a change in price of 7.45%. The stock’s price moved above its 200 day moving average of $51.15. This segment also provides commercial lending, cash management, equipment leasing, investment and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange services to mid-sized businesses. Company is -3.77% away from its 52 week high and is moving 48.67% ahead of its 52 week low.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 20th.

For the quarter that ended June, the San Diego-based chip-maker reported a net income of $1.2 billion, or 97 cents a share. A year ago the company’s sales were 5.45B. During the same period in the prior year, the company posted $0.99 earnings per share. Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 56 from a previous price target of $50.Company shares were Reiterated by Cowen on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $60.Company shares were Reiterated by Canaccord Genuity on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $65.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st.