QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) was up 0.6% during trading on Friday . The stock traded as high as $138.15 and last traded at $136.54. Approximately 7,093,008 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 8,884,760 shares. The stock had previously closed at $135.74.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on QCOM shares. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. TD Cowen cut their price target on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Evercore ISI lowered their price objective on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup dropped their price objective on QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $201.21.
Read Our Latest Analysis on QUALCOMM
QUALCOMM Stock Performance
The firm has a market capitalization of $151.01 billion, a P/E ratio of 14.59, a PEG ratio of 2.01 and a beta of 1.28. The company has a 50-day simple moving average of $153.10 and a two-hundred day simple moving average of $160.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.
Insider Activity
In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total value of $509,400.00. Following the completion of the transaction, the chief financial officer now owns 63,115 shares in the company, valued at $10,716,927. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Neil Martin sold 744 shares of QUALCOMM 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 completion of the sale, the chief accounting officer now owns 461 shares of the company's stock, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,666 shares of company stock worth $5,047,052. Insiders own 0.08% of the company's stock.
Institutional Investors Weigh In On QUALCOMM
A number of large investors have recently added to or reduced their stakes in QCOM. WFA Asset Management Corp purchased a new stake in QUALCOMM during the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of QUALCOMM in the 4th quarter worth approximately $26,000. Banque Transatlantique SA purchased a new position in shares of QUALCOMM in the fourth quarter worth approximately $26,000. CKW Financial Group bought a new stake in QUALCOMM during the fourth quarter valued at approximately $27,000. Finally, Centricity Wealth Management LLC purchased a new stake in QUALCOMM during the fourth quarter valued at approximately $29,000. Institutional investors own 74.35% of the company's stock.
QUALCOMM Company Profile
(
Get Free Report)
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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