QUALCOMM (NASDAQ:QCOM) Shares Up 0.3% - Still a Buy?

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shot up 0.3% during trading on Thursday . The stock traded as high as $159.12 and last traded at $158.76. 736,880 shares were traded during trading, a decline of 91% from the average session volume of 8,197,267 shares. The stock had previously closed at $158.26.

Analyst Ratings Changes

A number of brokerages have weighed in on QCOM. StockNews.com lowered shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective on the stock. Melius Research began coverage on QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 target price for the company. Finally, Benchmark restated a "buy" rating and issued a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has an average rating of "Moderate Buy" and a consensus price target of $205.32.

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QUALCOMM Stock Up 2.1 %

The business's 50 day simple moving average is $164.51 and its 200 day simple moving average is $163.97. The company has a market capitalization of $177.05 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 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%. As a group, analysts forecast that QUALCOMM Incorporated 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. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio is currently 36.32%.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares of the company's stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the sale, the chief financial officer now owns 63,115 shares of the company's stock, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,968 shares of company stock valued at $4,685,077 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in QUALCOMM during the fourth quarter valued at approximately $26,000. Banque Transatlantique SA bought a new position in shares of QUALCOMM during the 4th quarter valued at $26,000. CKW Financial Group bought a new stake in QUALCOMM in the fourth quarter worth $27,000. Centricity Wealth Management LLC acquired a new position in QUALCOMM during the fourth quarter worth $29,000. Finally, Sunbeam Capital Management LLC acquired a new position in QUALCOMM during the fourth quarter worth $29,000. 74.35% of the stock is owned by institutional investors and hedge funds.

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.