QUALCOMM Incorporated (NASDAQ:QCOM) General Counsel Ann C. Chaplin Sells 7,717 Shares

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) General Counsel Ann C. Chaplin sold 7,717 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,239,273.03. Following the transaction, the general counsel now owns 17,153 shares of the company's stock, valued at approximately $2,754,600.27. This represents a 31.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

QUALCOMM Trading Up 2.2 %

QCOM stock traded up $3.37 during mid-day trading on Wednesday, reaching $159.83. The company had a trading volume of 7,079,337 shares, compared to its average volume of 8,973,366. The firm has a 50 day moving average of $165.56 and a 200 day moving average of $178.65. The company has a market capitalization of $177.57 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $134.94 and a 12 month high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, December 5th. QUALCOMM's dividend payout ratio is currently 37.82%.

Institutional Trading of QUALCOMM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macroview Investment Management LLC raised its position in shares of QUALCOMM by 10.5% in the second quarter. Macroview Investment Management LLC now owns 600 shares of the wireless technology company's stock worth $119,000 after acquiring an additional 57 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in QUALCOMM by 43.2% in the second quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company's stock valued at $40,000 after acquiring an additional 60 shares during the last quarter. Paulson Wealth Management Inc. raised its stake in shares of QUALCOMM by 2.2% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,791 shares of the wireless technology company's stock valued at $475,000 after acquiring an additional 61 shares during the period. Tranquility Partners LLC grew its stake in shares of QUALCOMM by 2.1% in the second quarter. Tranquility Partners LLC now owns 3,044 shares of the wireless technology company's stock valued at $606,000 after buying an additional 62 shares in the last quarter. Finally, Institute for Wealth Management LLC. grew its holdings in shares of QUALCOMM by 0.5% in the second quarter. Institute for Wealth Management LLC. now owns 13,843 shares of the wireless technology company's stock valued at $2,757,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of analyst reports. TD Cowen upgraded shares of QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. Morgan Stanley dropped their target price on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 2nd. Benchmark reissued a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a report on Thursday, November 7th. Finally, Sanford C. Bernstein boosted their price target on QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, QUALCOMM has an average 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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