QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) traded up 1.4% during trading on Wednesday . The company traded as high as $176.48 and last traded at $176.01. 1,768,067 shares were traded during mid-day trading, a decline of 76% from the average session volume of 7,517,440 shares. The stock had previously closed at $173.64.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Loop Capital started coverage on QUALCOMM in a research report on Monday, November 11th. They issued a "hold" rating and a $180.00 price target for the company. Evercore ISI decreased their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th. Melius Research started coverage on QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 target price for the company. StockNews.com raised QUALCOMM from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.
Get Our Latest Stock Analysis on QUALCOMM
QUALCOMM Stock Down 4.8 %
The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The firm has a market cap of $182.97 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25. The stock has a fifty day simple moving average of $164.46 and a two-hundred day simple moving average of $165.72.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued 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 return on equity of 39.51% and a net margin of 25.94%. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.
QUALCOMM Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's payout ratio is 36.32%.
Insider Transactions at QUALCOMM
In other news, CAO Neil Martin sold 744 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the transaction, the chief financial officer now directly owns 48,778 shares of the company's stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,708 shares of company stock valued at $7,713,734. 0.08% of the stock is owned by corporate insiders.
Institutional Trading of QUALCOMM
Hedge funds and other institutional investors have recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in QUALCOMM in the third quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM in the fourth quarter worth approximately $26,000. Banque Transatlantique SA purchased a new stake in QUALCOMM in the fourth quarter worth approximately $26,000. CKW Financial Group purchased a new stake in QUALCOMM in the fourth quarter worth approximately $27,000. Finally, Centricity Wealth Management LLC purchased a new stake in QUALCOMM in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 74.35% of the company's stock.
About QUALCOMM
(
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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