QUALCOMM (NASDAQ:QCOM) Stock Price Down 1.2% - What's Next?

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) was down 1.2% during mid-day trading on Friday . The stock traded as low as $155.52 and last traded at $156.57. Approximately 754,419 shares were traded during trading, a decline of 92% from the average daily volume of 8,914,922 shares. The stock had previously closed at $158.53.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. Sanford C. Bernstein increased their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. UBS Group lifted their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Melius Research assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus target price of $208.00.

QUALCOMM Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The business's fifty day moving average price is $162.12 and its 200-day moving average price is $174.45. The stock has a market capitalization of $174.69 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.65 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. On average, research analysts forecast that QUALCOMM Incorporated will post 9.09 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, December 5th. QUALCOMM's payout ratio is currently 37.82%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated 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 owns 94 shares in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the transaction, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 5.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,127 shares of company stock worth $6,710,055. Corporate insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QCOM. Independent Solutions Wealth Management LLC raised its position in QUALCOMM by 11.2% in the third quarter. Independent Solutions Wealth Management LLC now owns 13,327 shares of the wireless technology company's stock worth $2,266,000 after acquiring an additional 1,340 shares during the period. Principal Financial Group Inc. raised its holdings in shares of QUALCOMM by 5.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,415,090 shares of the wireless technology company's stock worth $240,636,000 after purchasing an additional 69,707 shares during the period. Syntax Research Inc. raised its holdings in shares of QUALCOMM by 8.9% in the 3rd quarter. Syntax Research Inc. now owns 4,682 shares of the wireless technology company's stock worth $796,000 after purchasing an additional 382 shares during the period. DGS Capital Management LLC lifted its stake in QUALCOMM by 65.1% in the third quarter. DGS Capital Management LLC now owns 3,486 shares of the wireless technology company's stock valued at $593,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Copley Financial Group Inc. bought a new position in QUALCOMM during the third quarter valued at $141,000. 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.