QUALCOMM (NASDAQ:QCOM) Shares Up 0.1% – Still a Buy?

QUALCOMM Incorporated (NASDAQ:QCOM) rose 0.1% during mid-day trading on Friday . The company traded as high as $172.82 and last traded at $172.40. Approximately 1,287,735 shares traded hands during trading, a decline of 83% from the average daily volume of 7,605,771 shares. The stock had previously closed at $172.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley decreased their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Mizuho lowered their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Melius Research started coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price target for the company. Finally, UBS Group raised their price objective on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The company has a market cap of $190.49 billion, a PE ratio of 18.40, a PEG ratio of 2.80 and a beta of 1.25. The firm’s 50 day moving average is $163.13 and its 200 day moving average is $165.50.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.19 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the transaction, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,268 shares of company stock valued at $7,785,781. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

Institutional investors and hedge funds have recently made changes to their positions in the business. Meiji Yasuda Life Insurance Co boosted its position in QUALCOMM by 8.1% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 4,391 shares of the wireless technology company’s stock valued at $675,000 after buying an additional 330 shares during the period. Wahed Invest LLC lifted its stake in shares of QUALCOMM by 4.2% in the 4th quarter. Wahed Invest LLC now owns 28,054 shares of the wireless technology company’s stock valued at $4,310,000 after acquiring an additional 1,127 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in QUALCOMM by 2.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 575,101 shares of the wireless technology company’s stock valued at $88,347,000 after acquiring an additional 12,533 shares during the period. Itau Unibanco Holding S.A. grew its position in QUALCOMM by 109.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 925 shares of the wireless technology company’s stock worth $142,000 after acquiring an additional 483 shares during the last quarter. Finally, Keel Point LLC increased its stake in QUALCOMM by 7.5% in the 4th quarter. Keel Point LLC now owns 29,858 shares of the wireless technology company’s stock worth $4,587,000 after purchasing an additional 2,089 shares during the period. Institutional investors own 74.35% of the company’s stock.

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.