QUALCOMM Incorporated (NASDAQ:QCOM) CAO Sells $130,073.52 in Stock

QUALCOMM Incorporated (NASDAQ:QCOM) CAO Neil Martin sold 744 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

QUALCOMM Trading Down 4.8 %

Shares of QCOM stock traded down $8.27 during trading hours on Friday, reaching $165.43. The company had a trading volume of 12,520,247 shares, compared to its average volume of 7,784,163. The company has a 50 day moving average of $164.32 and a 200 day moving average of $165.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm has a market cap of $182.97 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.03 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is presently 36.32%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QCOM. Susquehanna lowered their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Mizuho lowered their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Barclays decreased their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Evercore ISI decreased their price target on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.32.

Institutional Trading of QUALCOMM

Several hedge funds and other institutional investors have recently modified their holdings of QCOM. Foundations Investment Advisors LLC grew its holdings in shares of QUALCOMM by 28.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 13,582 shares of the wireless technology company’s stock valued at $2,310,000 after acquiring an additional 3,023 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of QUALCOMM by 11.4% in the 3rd quarter. Private Advisor Group LLC now owns 89,715 shares of the wireless technology company’s stock valued at $15,256,000 after acquiring an additional 9,185 shares in the last quarter. Courier Capital LLC grew its holdings in shares of QUALCOMM by 14.6% in the 3rd quarter. Courier Capital LLC now owns 2,908 shares of the wireless technology company’s stock valued at $495,000 after acquiring an additional 370 shares in the last quarter. McAdam LLC grew its holdings in shares of QUALCOMM by 11.5% in the 3rd quarter. McAdam LLC now owns 1,900 shares of the wireless technology company’s stock valued at $323,000 after acquiring an additional 196 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of QUALCOMM by 17,357.3% in the 3rd quarter. International Assets Investment Management LLC now owns 2,936,310 shares of the wireless technology company’s stock valued at $499,320,000 after acquiring an additional 2,919,490 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

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.