Northland Securities Thinks Qualcomm Inc’s Stock is Going to Recover

By Jason Carr

In a report released today, Tom Sepenzis from Northland Securities upgraded Qualcomm Inc (NASDAQ: QCOM) to Buy. The company’s shares closed yesterday at $51.48, close to its 52-week low of $48.92.

According to TipRanks.com, Sepenzis is a 4-star analyst with an average return of 11.3% and a 52.6% success rate. Sepenzis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Advanced Micro Devices, and O2Micro International.

Qualcomm Inc has an analyst consensus of Moderate Buy, with a price target consensus of $61.42.

Qualcomm Inc’s market cap is currently $75.29B and has a P/E ratio of 19.72. The company has a book value ratio of 2.4281.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

QUALCOMM, Inc. engages in the development, design and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI).