QUALCOMM (NASDAQ:QCOM) Shares Down 0.2% - Should You Sell?

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shares traded down 0.2% on Wednesday . The stock traded as low as $153.87 and last traded at $154.15. 1,091,797 shares were traded during trading, a decline of 87% from the average session volume of 8,336,775 shares. The stock had previously closed at $154.46.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Barclays dropped their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Melius Research started coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price for the company. Melius started coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price for the company. Finally, Susquehanna dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.32.

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QUALCOMM Price Performance

The firm has a market cap of $178.31 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.28. The business's 50-day simple moving average is $164.76 and its two-hundred day simple moving average is $165.09. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

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 return on equity of 39.51% and a net margin of 25.94%. As a group, research analysts expect 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 will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is 36.32%.

Insider Transactions at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 7,717 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,239,273.03. Following the transaction, the general counsel now directly owns 17,153 shares in the company, valued at $2,754,600.27. This trade represents a 31.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Neil Martin sold 744 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,045 shares of company stock valued at $7,752,423 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Several large investors have recently bought and sold shares of the stock. IronOak Wealth LLC. bought a new position in QUALCOMM during the 4th quarter valued at $284,000. Wood Tarver Financial Group LLC bought a new position in QUALCOMM during the 4th quarter valued at $31,000. Castle Rock Wealth Management LLC lifted its stake in QUALCOMM by 5.1% during the 4th quarter. Castle Rock Wealth Management LLC now owns 9,330 shares of the wireless technology company's stock valued at $1,433,000 after acquiring an additional 456 shares in the last quarter. Dogwood Wealth Management LLC lifted its stake in QUALCOMM by 7.8% during the 4th quarter. Dogwood Wealth Management LLC now owns 4,135 shares of the wireless technology company's stock valued at $635,000 after acquiring an additional 299 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its stake in QUALCOMM by 52.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 67,367 shares of the wireless technology company's stock valued at $10,349,000 after acquiring an additional 23,219 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Company Profile

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.