QUALCOMM (NASDAQ:QCOM) Trading Down 0%

QUALCOMM Incorporated (NASDAQ:QCOM)’s stock price traded down 0% during trading on Monday . The stock traded as low as $179.59 and last traded at $179.98. 1,632,457 shares were traded during mid-day trading, a decline of 82% from the average session volume of 9,132,970 shares. The stock had previously closed at $180.05.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp upped their target price on shares of QUALCOMM from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Evercore ISI assumed coverage on shares of QUALCOMM in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of QUALCOMM in a research note on Friday, May 3rd. Bank of America upped their target price on shares of QUALCOMM from $180.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Barclays upped their target price on shares of QUALCOMM from $155.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.63.

QUALCOMM Price Performance

The company’s fifty day moving average is $203.13 and its 200 day moving average is $178.00. The firm has a market cap of $186.31 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.17 and a beta of 1.27. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.82 by $0.11. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. The business had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.32 billion. On average, equities research analysts predict that QUALCOMM Incorporated will post 7.84 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, September 5th. QUALCOMM’s payout ratio is 45.70%.

Insiders Place Their Bets

In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the sale, the director now directly owns 54 shares of the company’s stock, valued at $9,623.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the sale, the director now directly owns 54 shares of the company’s stock, valued at $9,623.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $182.00, for a total transaction of $1,456,000.00. Following the sale, the chief technology officer now directly owns 253,893 shares in the company, valued at $46,208,526. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,185 shares of company stock valued at $8,552,835. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

Several large investors have recently modified their holdings of QCOM. Mayflower Financial Advisors LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at about $247,000. Glass Jacobson Investment Advisors llc increased its position in QUALCOMM by 6.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company’s stock worth $161,000 after acquiring an additional 68 shares during the period. Veracity Capital LLC increased its position in QUALCOMM by 3.9% during the fourth quarter. Veracity Capital LLC now owns 2,600 shares of the wireless technology company’s stock worth $376,000 after acquiring an additional 97 shares during the period. Osborne Partners Capital Management LLC bought a new position in QUALCOMM during the fourth quarter worth about $206,000. Finally, Country Club Bank GFN increased its position in QUALCOMM by 1.2% during the fourth quarter. Country Club Bank GFN now owns 6,972 shares of the wireless technology company’s stock worth $1,017,000 after acquiring an additional 85 shares during the period. 74.35% of the stock is owned by institutional investors.

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.