QUALCOMM (NASDAQ:QCOM) Shares Down 0% - What's Next?

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shares dropped 0% on Friday . The company traded as low as $146.08 and last traded at $147.15. Approximately 1,033,545 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 8,864,164 shares. The stock had previously closed at $147.21.

Analyst Ratings Changes

QCOM has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Piper Sandler decreased their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. Finally, Barclays lowered their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, QUALCOMM currently has an average rating of "Hold" and a consensus price target of $201.21.

QUALCOMM Price Performance

The stock has a market cap of $164.31 billion, a PE ratio of 15.87, a P/E/G ratio of 2.01 and a beta of 1.28. The firm's fifty day moving average price is $150.11 and its 200 day moving average price is $159.37. 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 earnings results 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 net margin of 25.94% and a return on equity of 39.51%. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.40%. QUALCOMM's payout ratio is currently 38.03%.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 269 shares of QUALCOMM stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $131.10, for a total transaction of $35,265.90. Following the sale, the chief financial officer now owns 57,728 shares of the company's stock, valued at approximately $7,568,140.80. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. This represents a 48.16 % 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 valued at $5,047,052. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of QUALCOMM

Hedge funds have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in QUALCOMM in the 4th quarter worth approximately $26,000. Banque Transatlantique SA bought a new stake in QUALCOMM in the 4th quarter valued at $26,000. CKW Financial Group bought a new stake in shares of QUALCOMM during the 4th quarter valued at $27,000. WFA Asset Management Corp bought a new position in shares of QUALCOMM in the 1st quarter valued at $27,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of QUALCOMM during the fourth quarter valued at about $29,000. 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.