Ann C. Chaplin Sells 2,587 Shares of QUALCOMM Incorporated (NASDAQ:QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the sale, the general counsel now owns 19,739 shares of the company's stock, valued at $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

QUALCOMM Stock Down 0.4 %

NASDAQ:QCOM traded down $0.64 during trading hours on Monday, reaching $157.89. 9,948,254 shares of the company traded hands, compared to its average volume of 8,963,909. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The business's 50-day moving average price is $164.97 and its two-hundred day moving average price is $177.56. QUALCOMM Incorporated has a 1 year low of $134.94 and a 1 year high of $230.63. The stock has a market capitalization of $175.42 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.65 and a beta of 1.25.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's payout ratio is 37.82%.

Institutional Trading of QUALCOMM

A number of institutional investors and hedge funds have recently bought and sold shares of the company. DGS Capital Management LLC raised its holdings in QUALCOMM by 65.1% in the 3rd quarter. DGS Capital Management LLC now owns 3,486 shares of the wireless technology company's stock worth $593,000 after acquiring an additional 1,374 shares during the last quarter. Copley Financial Group Inc. purchased a new position in shares of QUALCOMM in the third quarter worth $141,000. Oddo BHF Asset Management Sas bought a new position in shares of QUALCOMM during the third quarter valued at $344,000. Franklin Resources Inc. boosted its position in shares of QUALCOMM by 1.6% during the third quarter. Franklin Resources Inc. now owns 6,832,693 shares of the wireless technology company's stock valued at $1,213,023,000 after buying an additional 110,828 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in QUALCOMM by 8.2% in the 3rd quarter. Synovus Financial Corp now owns 54,680 shares of the wireless technology company's stock worth $9,299,000 after buying an additional 4,129 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on QCOM. UBS Group boosted their price objective on QUALCOMM from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Benchmark reiterated a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a report on Thursday, November 7th. Melius began coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Finally, Citigroup reduced their price target on QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.00.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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