QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares of the company's stock, valued at approximately $1,981,875.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
QUALCOMM Stock Performance
Shares of NASDAQ:QCOM opened at $165.18 on Tuesday. QUALCOMM Incorporated has a fifty-two week low of $118.38 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The business's fifty day moving average price is $168.69 and its two-hundred day moving average price is $182.14. The stock has a market capitalization of $184.01 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28.
QUALCOMM Announces Dividend
Blackrock’s Sending THIS Crypto Higher on Purpose
From Crypto 101 Media | Ad
It's a groundbreaking opportunity that could be poised for extraordinary gains.
The catalyst behind this surge is a massive new blockchain development…
YES, I WANT THE #1 CRYPTO NOW
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 5th. QUALCOMM's payout ratio is currently 44.04%.
Analyst Ratings Changes
QCOM has been the topic of several research reports. Wolfe Research lowered QUALCOMM from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. DZ Bank upgraded shares of QUALCOMM from a "hold" rating to a "buy" rating and set a $210.00 price target on the stock in a report on Friday, August 2nd. Cantor Fitzgerald reduced their price target on QUALCOMM from $215.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, October 8th. HSBC lowered QUALCOMM from a "buy" rating to a "hold" rating and set a $200.00 target price for the company. in a report on Wednesday, July 17th. Finally, Barclays raised their target price on shares of QUALCOMM from $185.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $207.92.
Read Our Latest Analysis on QUALCOMM
Institutional Investors Weigh In On QUALCOMM
A number of hedge funds and other institutional investors have recently bought and sold shares of QCOM. Wedge Capital Management L L P NC increased its holdings in shares of QUALCOMM by 17.1% in the third quarter. Wedge Capital Management L L P NC now owns 354,389 shares of the wireless technology company's stock valued at $60,264,000 after purchasing an additional 51,879 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in QUALCOMM by 39.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company's stock worth $30,068,000 after acquiring an additional 50,438 shares during the period. Czech National Bank raised its position in shares of QUALCOMM by 6.5% during the 3rd quarter. Czech National Bank now owns 226,933 shares of the wireless technology company's stock valued at $38,590,000 after acquiring an additional 13,888 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of QUALCOMM by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 10,036,779 shares of the wireless technology company's stock valued at $1,999,114,000 after purchasing an additional 86,195 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new position in QUALCOMM in the second quarter valued at about $1,539,000. 74.35% of the stock is owned by institutional investors and hedge funds.
About QUALCOMM
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
