Brokerages Set QUALCOMM Incorporated (NASDAQ:QCOM) Target Price at $210.15

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-eight ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $210.15.

Several brokerages have issued reports on QCOM. TD Cowen raised QUALCOMM to a "strong-buy" rating in a research report on Monday, September 16th. Sanford C. Bernstein raised their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Susquehanna decreased their target price on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, November 20th. Benchmark restated a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th.

QUALCOMM Trading Down 0.5 %

Shares of QUALCOMM stock traded down $0.88 on Friday, hitting $159.51. 9,915,824 shares of the company traded hands, compared to its average volume of 8,740,207. QUALCOMM has a 52 week low of $130.39 and a 52 week high of $230.63. The company has a market cap of $177.22 billion, a PE ratio of 17.74, a PEG ratio of 2.73 and a beta of 1.25. The stock's 50 day moving average price is $165.93 and its 200-day moving average price is $179.48. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM Announces Dividend

The firm also recently declared 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 of this dividend is Thursday, December 5th. QUALCOMM's payout ratio is 37.82%.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the sale, the chief technology officer now owns 213,364 shares of the company's stock, valued at $36,229,207.20. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,450 shares of company stock worth $3,395,926. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Institutional investors have recently modified their holdings of the company. TRUE Private Wealth Advisors boosted its holdings in QUALCOMM by 2.2% in the 2nd quarter. TRUE Private Wealth Advisors now owns 2,638 shares of the wireless technology company's stock valued at $525,000 after purchasing an additional 57 shares during the period. Macroview Investment Management LLC boosted its stake 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 valued at $119,000 after buying an additional 57 shares during the period. McClarren Financial Advisors Inc. grew its position in QUALCOMM by 43.2% during the second quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company's stock worth $40,000 after buying an additional 60 shares in the last quarter. Paulson Wealth Management Inc. increased its stake in QUALCOMM by 2.2% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,791 shares of the wireless technology company's stock worth $475,000 after acquiring an additional 61 shares during the period. Finally, Tranquility Partners LLC raised its holdings in QUALCOMM by 2.1% in the 2nd quarter. Tranquility Partners LLC now owns 3,044 shares of the wireless technology company's stock valued at $606,000 after acquiring an additional 62 shares in the last quarter. 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.