QUALCOMM (NASDAQ:QCOM) Shares Down 1.4%

QUALCOMM Incorporated (NASDAQ:QCOM) fell 1.4% during mid-day trading on Friday . The company traded as low as $188.76 and last traded at $188.76. 1,469,963 shares were traded during trading, a decline of 84% from the average session volume of 9,130,720 shares. The stock had previously closed at $191.46.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on QCOM. Wolfe Research raised their price target on QUALCOMM from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of QUALCOMM in a report on Friday, May 3rd. HSBC lowered QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a report on Wednesday. JPMorgan Chase & Co. raised their price target on QUALCOMM from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, Evercore ISI assumed coverage on QUALCOMM in a report on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average price target of $197.54.

QUALCOMM Price Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65. The stock has a market capitalization of $209.98 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 2.33 and a beta of 1.27. The company has a 50-day moving average of $204.71 and a 200-day moving average of $175.08.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.11. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. The firm had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.32 billion. As a group, equities research analysts expect that QUALCOMM Incorporated will post 7.84 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.40 annualized dividend and a dividend yield of 1.81%. QUALCOMM’s dividend payout ratio is currently 45.70%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 1,116 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $196.11, for a total value of $218,858.76. Following the completion of the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $70,207.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other QUALCOMM news, CAO Neil Martin sold 1,116 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $196.11, for a total value of $218,858.76. Following the completion of the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $70,207.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $180.69, for a total value of $542,070.00. Following the completion of the transaction, the chief financial officer now owns 66,343 shares of the company’s stock, valued at $11,987,516.67. The disclosure for this sale can be found here. Insiders sold 45,185 shares of company stock worth $8,552,835 in the last ninety days. Insiders own 0.08% of the company’s stock.

Institutional Trading of QUALCOMM

Several institutional investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV boosted its position in QUALCOMM by 5.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,900 shares of the wireless technology company’s stock worth $275,000 after purchasing an additional 102 shares during the period. BKM Wealth Management LLC purchased a new stake in QUALCOMM during the 4th quarter worth $73,000. Chesley Taft & Associates LLC boosted its position in QUALCOMM by 0.5% during the 4th quarter. Chesley Taft & Associates LLC now owns 16,858 shares of the wireless technology company’s stock worth $2,438,000 after purchasing an additional 90 shares during the period. Vest Financial LLC purchased a new stake in QUALCOMM during the 4th quarter worth $689,000. Finally, Paragon Capital Management Ltd purchased a new stake in QUALCOMM during the 4th quarter worth $214,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

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.