Qualcomm, Halliburton, eBay, Intel Price Targets Raised After Earnings

14 analysts have suggested the company is a “Hold”.

Second quarter earnings from Microsoft Corp (NASDAQ:MSFT) boosted Wall Street tickers, as did eBay Inc. Delta Asset Management LLC TN now owns 2,417 shares of the wireless technology company’s stock valued at $129,000 after buying an additional 275 shares in the last quarter. Zions Bancorporation raised its position in shares of Qualcomm by 287.3% in the first quarter. The company projected sales for the fourth quarter between $5.4 billion and $6.2 billion with non-GAAP earnings of $1.05 to $1.15 a share. Following the sale, the executive vice president now owns 1,204 shares of the company’s stock, valued at $62,018.04. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California. Over the one year trading period, the stock has a high price of $64.95 and its low price is recorded at $42.24.

Qualcomm shares were last seen up 8% at $60.28 on Thursday. The stock recent traded volume was higher as compared with its average volume of 12235400 shares. The company’s 50 day moving average is $53.94 and its 200-day moving average is $51.09. The legal push is part of the company’s efforts to protect its licensing business in the largest smartphone market in the world. The Current Ratio of QUALCOMM Incorporated NASDAQ:QCOM Communication Equipment is 2.9 and the Quick Ratio measures to be 2.7.

The mobile chip maker reported third quarter earnings of $1.4 billion, or 97 cents a share, on revenue of $6 billion, up 4 percent from a year ago.

Hurt by weak demand from enterprises, revenue at the highly-profitable unit rose 5 percent to $4 billion, but lagged the previous quarter’s 9 percent increase and remained below Intel’s annual target of low double-digit growth. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The ex-dividend date of this dividend is Monday, August 29th.

In a report revealed to clients on today, Goldman Sachs kept their Buy rating on Qualcomm Inc (NASDAQ:QCOM)’s stock.

In its latest research note to investors, the firm’s analysts pointed out that although Qualcomm continues to lose considerable market share in the chipsets space, and has encountered regulatory hurdles, it has started to gain traction with high-end, mid-range original equipment manufacturers (OEMs).

Analysts at Deutsche Bank reaffirmed a buy rating and $65 price target while lauding the firm’s cloud services. They now have a United States dollars 50 price target on the stock. Analysts had expected QUALCOMM, Inc. Additionally, eBay approved a stock repurchase of $2.5 billion. The company has the institutional ownership of 77.10% while the Beta factor was 1.46. 0 analysts assign “Sell” rating for the stock. In terms of price action, QUALCOMM Incorporated (QCOM) traded down $0.02 during the session at $55.13.