QUALCOMM (NASDAQ:QCOM) Stock Price Down 0.4%

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) fell 0.4% during trading on Friday . The company traded as low as $171.13 and last traded at $171.95. 1,399,803 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 9,200,870 shares. The stock had previously closed at $172.66.

Wall Street Analyst Weigh In

A number of research firms have weighed in on QCOM. HSBC downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating and set a $200.00 price target on the stock. in a research note on Wednesday, July 17th. Wolfe Research cut shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. TD Cowen upgraded shares of QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. dropped their target price on QUALCOMM from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, September 17th. Finally, Wells Fargo & Company boosted their price target on QUALCOMM from $140.00 to $170.00 and gave the company an "underweight" rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and a consensus target price of $211.67.

QUALCOMM Trading Down 1.5 %

The business's 50-day simple moving average is $169.66 and its 200-day simple moving average is $181.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The company has a market capitalization of $189.52 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.83 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.39 billion for the quarter, compared to analysts' expectations of $9.23 billion. On average, research analysts expect that QUALCOMM Incorporated will post 8 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a $0.85 dividend. The ex-dividend date was Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.00%. QUALCOMM's dividend payout ratio is presently 45.70%.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction dated 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 approximately $12,407,124.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $205.61, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,000 shares of company stock valued at $3,496,590. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of QUALCOMM

Large investors have recently bought and sold shares of the business. WFA Asset Management Corp bought a new stake in shares of QUALCOMM during the first quarter worth $27,000. HWG Holdings LP acquired a new position in QUALCOMM in the 2nd quarter worth $30,000. Financial Connections Group Inc. bought a new position in QUALCOMM during the 2nd quarter worth about $32,000. Aspect Partners LLC raised its stake in shares of QUALCOMM by 71.8% in the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock valued at $35,000 after purchasing an additional 74 shares during the period. Finally, Richardson Capital Management LLC bought a new stake in shares of QUALCOMM in the first quarter valued at about $37,000. 74.35% of the stock is owned by institutional investors.

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.