QUALCOMM Incorporated (NASDAQ:QCOM) CAO Neil Martin Sells 1,304 Shares

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) CAO Neil Martin sold 1,304 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the transaction, the chief accounting officer now owns 94 shares of the company's stock, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded up $1.15 on Thursday, reaching $155.42. 8,238,514 shares of the stock were exchanged, compared to its average volume of 9,034,746. QUALCOMM Incorporated has a one year low of $125.67 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The firm's 50 day moving average is $168.23 and its 200-day moving average is $181.93. The firm has a market cap of $172.67 billion, a PE ratio of 17.16, a P/E/G ratio of 2.77 and a beta of 1.28.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio (DPR) is presently 37.82%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QCOM. Loop Capital initiated coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a "hold" rating and a $180.00 price target for the company. Susquehanna reduced their price objective on QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of QUALCOMM from $155.00 to $170.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Citigroup decreased their target price on shares of QUALCOMM from $200.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, October 16th. Finally, Rosenblatt Securities upped their price objective on shares of QUALCOMM from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus price target of $210.15.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Matrix Capital Management Company LP purchased a new stake in QUALCOMM in the 1st quarter valued at about $1,171,516,000. Massachusetts Financial Services Co. MA boosted its stake in QUALCOMM by 1,778.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,219,303 shares of the wireless technology company's stock worth $641,221,000 after purchasing an additional 3,047,947 shares during the period. Pacer Advisors Inc. boosted its holdings in QUALCOMM by 1,702.6% in the 3rd quarter. Pacer Advisors Inc. now owns 3,191,342 shares of the wireless technology company's stock valued at $542,688,000 after purchasing an additional 3,014,302 shares during the period. International Assets Investment Management LLC lifted its position in QUALCOMM by 17,357.3% during the third quarter. International Assets Investment Management LLC now owns 2,936,310 shares of the wireless technology company's stock valued at $499,320,000 after purchasing an additional 2,919,490 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of QUALCOMM by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,128,468 shares of the wireless technology company's stock worth $4,600,625,000 after purchasing an additional 1,989,725 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

About QUALCOMM

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.