QUALCOMM (NASDAQ:QCOM) Shares Down 0.2% - Time to Sell?

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s stock price traded down 0.2% during trading on Wednesday . The stock traded as low as $150.37 and last traded at $152.72. 1,019,131 shares were traded during mid-day trading, a decline of 88% from the average session volume of 8,571,768 shares. The stock had previously closed at $153.05.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Benchmark reissued a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Melius Research began coverage on QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 price target on the stock. Finally, Piper Sandler decreased their price objective on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $205.32.

QUALCOMM Trading Down 9.5 %

The company has a market cap of $154.20 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 2.01 and a beta of 1.28. The firm has a fifty day moving average price of $162.63 and a 200 day moving average price of $163.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

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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 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 predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.44%. QUALCOMM's dividend payout ratio is 36.32%.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company's stock, valued at $3,526,010.46. This trade represents a 48.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares of the company's stock, 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 27,968 shares of company stock valued at $4,685,077 over the last three months. Insiders own 0.08% of the company's stock.

Institutional Investors Weigh In On QUALCOMM

Several hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of QUALCOMM during the fourth quarter worth approximately $26,000. Banque Transatlantique SA bought a new position in QUALCOMM during the 4th quarter worth $26,000. CKW Financial Group bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $27,000. Centricity Wealth Management LLC acquired a new position in shares of QUALCOMM in the fourth quarter valued at about $29,000. Finally, Sunbeam Capital Management LLC bought a new position in QUALCOMM during the fourth quarter worth about $29,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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.