QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) CFO Akash J. Palkhiwala sold 269 shares of QUALCOMM stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $131.10, for a total value of $35,265.90. Following the transaction, the chief financial officer now owns 57,728 shares of the company's stock, valued at $7,568,140.80. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
QUALCOMM Trading Down 3.9 %
Shares of QCOM stock opened at $124.66 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $137.87 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The business has a 50-day moving average price of $159.04 and a two-hundred day moving average price of $162.17. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $230.63.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.
QUALCOMM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on QCOM shares. Barclays cut their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Piper Sandler reduced their target price on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Benchmark restated a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. Finally, Evercore ISI dropped their price target on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.
View Our Latest Stock Analysis on QUALCOMM
Hedge Funds Weigh In On QUALCOMM
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $26,000. Banque Transatlantique SA bought a new stake in QUALCOMM during the 4th quarter valued at $26,000. CKW Financial Group purchased a new stake in QUALCOMM during the 4th quarter valued at $27,000. Centricity Wealth Management LLC bought a new stake in QUALCOMM in the 4th quarter worth $29,000. Finally, Sunbeam Capital Management LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at about $29,000. 74.35% of the stock is currently owned by institutional investors.
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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