Tech Stock Update: Microsoft, Qualcomm

Microsoft Corporation rallied 0.85 percent during the last trading session, ending the week at $55.82. A total of 27.21 million shares were traded. Several research firms evaluated the company’s stock performance.

Vetr gave it a rating of ‘hold’ and a target price of $53.96. Goldman Sachs gave it a rating of ‘neutral’ and a target price of $57. Morgan Stanley gave it a rating of ‘equal weight’ and a target price of $57. Nomura gave it a rating of ‘buy’ and a target price of $60. Sanford C. Bernstein gave it a rating of ‘buy’ and a target price of $62. Deutsche Bank and Pacific Crest both gave it a rating of ‘buy’ and a target price of $65. Zacks Investment Research gave it a rating of ‘hold’. Credit Agricole gave it a target price of $60.

Microsoft holds an average rating of ‘buy’ and a consensus target price of $54.58. Currently, Microsoft has a market cap of $444.69 billion and a price to earnings (P/E) ratio of 37.01. The company has a 12-month high of $56.79 and a 12-month low of $39.72. It has a 50-day moving average price of $54.58 and a 200-day moving average price of $48.19.

In its latest quarterly results, Microsoft reported an earnings per share (EPS) of $0.67, beating analysts’ forecasts of $0.58. For the period, it had a total revenue of $21.66 billion, beating analysts’ estimates of $21 billion. During the same quarter last year, the company reported an EPS of $0.54. Its revenue is down by 6.60 percent year-over-year. Analysts expect Microsoft to post an EPS of $2.75 for the current fiscal year.

The company is expected to release its next quarterly results on January 28.

Recently, Microsoft disclosed a quarterly dividend, which will be paid on March 10. Shareholders of record on February 18 will be granted a dividend of $0.36 per share. This shows an annualized dividend of $1.44 and a yield of 2.59 percent.

Qualcomm

Qualcomm, Inc. gained 1.04 percent and ended the session at $49.55. A total of 5.35 million shares were exchanged during the day.

It recorded an intraday high of $49.88 and an intraday low of $49.

Qualcomm has a current market cap of $73.71 billion and a price to earnings (P/E) ratio of 15.39. It has a 12-month high of $75.72 and a 12-month low of $45.93. The company has a 50-day moving average price of $49.98 and a 200-day moving average price of $57.74.

Several research firms evaluated Qualcomm’s stock performance.

BMO Capital Markets gave it a rating of ‘market perform’ and a target price of $48. Vetr gave it a rating of ‘buy’ and a target price of $63.91. Brean Capital gave it a rating of ‘buy’ and a target price of $70. Standpoint Research gave it a rating of ‘buy’ and a target price of $72. Argus Research gave it a rating of ‘buy’ and a target price of $80. Barclays gave it a rating of ‘buy’.

Qualcomm holds an average rating of ‘buy’ and a consensus target price of $66.13.