QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) was down 4.7% on Friday . The company traded as low as $129.25 and last traded at $132.88. Approximately 4,353,119 shares changed hands during trading, a decline of 49% from the average daily volume of 8,617,862 shares. The stock had previously closed at $139.42.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Rosenblatt Securities restated a "buy" rating and set a $250.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Barclays lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Benchmark reissued a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. Finally, Evercore ISI decreased their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, QUALCOMM currently has a consensus rating of "Hold" and an average target price of $202.64.
View Our Latest Stock Analysis on QUALCOMM
QUALCOMM Trading Down 6.1 %
The company has a market capitalization of $149.07 billion, a P/E ratio of 14.40, a PEG ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The business's 50-day moving average price is $157.89 and its two-hundred day moving average price is $161.88.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (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, analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.
QUALCOMM Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a $0.85 dividend. The ex-dividend date was Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.52%. QUALCOMM's dividend payout ratio is currently 36.32%.
Insiders Place Their Bets
In related news, CFO Akash J. Palkhiwala sold 269 shares of QUALCOMM stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $131.10, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Neil Martin sold 744 shares of the firm'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 value 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. This represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,018 shares of company stock worth $4,955,613. Corporate insiders own 0.08% of the company's stock.
Institutional Investors Weigh In On QUALCOMM
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of QUALCOMM in the 4th quarter valued at about $26,000. Banque Transatlantique SA acquired a new stake in QUALCOMM in the 4th quarter valued at about $26,000. CKW Financial Group bought a new position in QUALCOMM during the fourth quarter worth about $27,000. Centricity Wealth Management LLC bought a new position in QUALCOMM during the fourth quarter worth about $29,000. Finally, Sunbeam Capital Management LLC acquired a new position in QUALCOMM during the fourth quarter worth approximately $29,000. Institutional investors own 74.35% of the company's stock.
About QUALCOMM
(
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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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