QUALCOMM (NASDAQ:QCOM) Stock Price Down 0.9%

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $157.84 and last traded at $159.28. 2,283,679 shares were traded during mid-day trading, a decline of 75% from the average session volume of 9,228,996 shares. The stock had previously closed at $160.77.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QCOM. Hsbc Global Res downgraded QUALCOMM from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price target on QUALCOMM from $155.00 to $170.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Tigress Financial raised their price objective on shares of QUALCOMM from $238.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, June 21st. Citigroup lifted their price objective on shares of QUALCOMM from $170.00 to $200.00 and gave the company a "neutral" rating in a research note on Monday, July 15th. Finally, Wolfe Research lowered shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, QUALCOMM currently has an average rating of "Moderate Buy" and an average price target of $210.63.

QUALCOMM Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The company's fifty day moving average price is $178.40 and its 200 day moving average price is $181.85. The company has a market cap of $180.11 billion, a PE ratio of 21.73, a P/E/G ratio of 1.74 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The business had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.23 billion. On average, equities research analysts predict that QUALCOMM Incorporated will post 7.98 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be given a $0.85 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.40 annualized dividend and a yield of 2.10%. QUALCOMM's dividend payout ratio is currently 45.70%.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Friday, July 5th. The stock was sold at an average price of $205.61, for a total transaction of $616,830.00. Following the sale, the chief financial officer now directly owns 60,343 shares in the company, valued at approximately $12,407,124.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the completion of the transaction, the chief technology officer now directly owns 229,987 shares of the company's stock, valued at $36,912,913.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $205.61, for a total value of $616,830.00. Following the completion of the sale, the chief financial officer now directly owns 60,343 shares of the company's stock, valued at $12,407,124.23. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $3,496,590 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. City Holding Co. lifted its position in shares of QUALCOMM by 3.5% during the first quarter. City Holding Co. now owns 5,884 shares of the wireless technology company's stock worth $996,000 after acquiring an additional 199 shares in the last quarter. Bard Financial Services Inc. boosted its stake in QUALCOMM by 0.4% in the 4th quarter. Bard Financial Services Inc. now owns 34,790 shares of the wireless technology company's stock worth $5,032,000 after purchasing an additional 125 shares during the period. BNP Paribas purchased a new position in QUALCOMM during the 1st quarter valued at about $3,104,000. SWP Financial LLC purchased a new position in QUALCOMM during the 4th quarter valued at about $593,000. Finally, Horizon Investment Services LLC bought a new stake in shares of QUALCOMM during the first quarter valued at about $3,832,000. Institutional investors own 74.35% of the company's stock.

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.