Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirty analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $205.32.
QCOM has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Melius Research began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective for the company. Cantor Fitzgerald restated a "neutral" rating and set a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Piper Sandler dropped their price target on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th.
Check Out Our Latest Stock Report on QCOM
Insider Buying and Selling at QUALCOMM
In other QUALCOMM news, CAO Neil Martin sold 744 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This represents a 61.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total transaction of $246,784.00. Following the completion of the transaction, the insider now owns 24,393 shares of the company's stock, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock worth $4,685,077 in the last quarter. 0.08% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On QUALCOMM
Large investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM in the 4th quarter worth approximately $26,000. Banque Transatlantique SA purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $26,000. CKW Financial Group bought a new stake in shares of QUALCOMM in the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC purchased a new stake in shares of QUALCOMM in the 4th quarter worth approximately $29,000. Finally, Sunbeam Capital Management LLC bought a new position in QUALCOMM during the 4th quarter valued at approximately $29,000. 74.35% of the stock is owned by hedge funds and other institutional investors.
QUALCOMM Trading Up 0.9 %
NASDAQ QCOM traded up $1.37 on Monday, reaching $157.95. The company had a trading volume of 5,780,967 shares, compared to its average volume of 8,215,243. The firm has a market cap of $174.69 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The business has a 50 day moving average of $164.68 and a two-hundred day moving average of $164.40.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Analysts forecast that QUALCOMM will post 9.39 EPS for the current year.
QUALCOMM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.15%. QUALCOMM's dividend payout ratio is currently 36.32%.
QUALCOMM Company Profile
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Get Free ReportQUALCOMM 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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