QUALCOMM’s (QCOM) Neutral Rating Reaffirmed at Cantor Fitzgerald

QUALCOMM (NASDAQ:QCOMGet Free Report)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They presently have a $150.00 price objective on the wireless technology company’s stock. Cantor Fitzgerald’s price objective suggests a potential downside of 2.26% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Canaccord Genuity Group increased their price objective on QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Citigroup lowered QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Thursday, February 1st. Morgan Stanley lowered QUALCOMM from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $119.00 to $132.00 in a research report on Friday, December 8th. Susquehanna raised their price target on QUALCOMM from $130.00 to $140.00 and gave the stock a “positive” rating in a research report on Thursday, November 2nd. Finally, StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.71.

Read Our Latest Report on QCOM

QUALCOMM Trading Up 1.6 %

QUALCOMM stock traded up $2.47 during mid-day trading on Monday, hitting $153.47. The company’s stock had a trading volume of 6,060,914 shares, compared to its average volume of 9,346,271. The firm has a market capitalization of $171.27 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.06 and a beta of 1.42. QUALCOMM has a 1 year low of $101.47 and a 1 year high of $157.98. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average is $142.52 and its two-hundred day moving average is $125.20.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the sale, the chief executive officer now directly owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $149.50, for a total value of $1,210,950.00. Following the sale, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 3,098 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $130.00, for a total value of $402,740.00. Following the completion of the sale, the chief accounting officer now owns 247 shares in the company, valued at approximately $32,110. The disclosure for this sale can be found here. Insiders sold a total of 12,198 shares of company stock valued at $1,752,690 in the last ninety days. Insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

A number of large investors have recently bought and sold shares of QCOM. Glass Jacobson Investment Advisors llc boosted its stake in QUALCOMM by 6.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company’s stock valued at $161,000 after purchasing an additional 68 shares in the last quarter. Chilton Capital Management LLC grew its position in shares of QUALCOMM by 1.9% in the fourth quarter. Chilton Capital Management LLC now owns 3,763 shares of the wireless technology company’s stock valued at $544,000 after purchasing an additional 70 shares during the last quarter. Means Investment CO. Inc. grew its position in QUALCOMM by 1.2% during the fourth quarter. Means Investment CO. Inc. now owns 5,793 shares of the wireless technology company’s stock worth $838,000 after buying an additional 71 shares in the last quarter. Marino Stram & Associates LLC grew its position in QUALCOMM by 2.5% during the fourth quarter. Marino Stram & Associates LLC now owns 2,973 shares of the wireless technology company’s stock worth $430,000 after buying an additional 73 shares in the last quarter. Finally, Avantax Planning Partners Inc. boosted its holdings in QUALCOMM by 1.5% during the fourth quarter. Avantax Planning Partners Inc. now owns 5,115 shares of the wireless technology company’s stock valued at $740,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 71.10% of the company’s stock.

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.

Featured Articles

Analyst Recommendations for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.