QUALCOMM (NASDAQ:QCOM) Stock Price Down 0% – Should You Sell?

QUALCOMM Incorporated (NASDAQ:QCOM) fell 0% during mid-day trading on Tuesday . The company traded as low as $169.93 and last traded at $171.12. 2,406,663 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 7,304,363 shares. The stock had previously closed at $171.18.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a report on Wednesday, November 20th. Loop Capital started coverage on QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 price objective for the company. UBS Group increased their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Citigroup decreased their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $206.57.

QUALCOMM Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The firm has a market capitalization of $191.01 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.84 and a beta of 1.25. The firm has a fifty day moving average price of $160.11 and a 200 day moving average price of $166.88.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.14 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Insider Activity

In other news, General Counsel Ann C. Chaplin sold 7,717 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,239,273.03. Following the completion of the sale, the general counsel now owns 17,153 shares in the company, valued at approximately $2,754,600.27. The trade was a 31.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the transaction, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. The trade was a 23.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 over the last 90 days. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

A number of hedge funds have recently made changes to their positions in the business. Valmark Advisers Inc. increased its holdings in QUALCOMM by 19.1% in the 4th quarter. Valmark Advisers Inc. now owns 3,267 shares of the wireless technology company’s stock valued at $502,000 after purchasing an additional 524 shares in the last quarter. Csenge Advisory Group raised its holdings in shares of QUALCOMM by 2.5% during the 4th quarter. Csenge Advisory Group now owns 6,425 shares of the wireless technology company’s stock valued at $987,000 after buying an additional 154 shares during the period. Hourglass Capital LLC lifted its position in QUALCOMM by 15.3% during the 4th quarter. Hourglass Capital LLC now owns 25,915 shares of the wireless technology company’s stock worth $3,981,000 after acquiring an additional 3,430 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in QUALCOMM by 0.4% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 68,175 shares of the wireless technology company’s stock valued at $10,473,000 after purchasing an additional 298 shares in the last quarter. Finally, Secured Retirement Advisors LLC increased its stake in QUALCOMM by 68.1% during the 4th quarter. Secured Retirement Advisors LLC now owns 19,849 shares of the wireless technology company’s stock worth $3,049,000 after buying an additional 8,042 shares during the period. Hedge funds and other institutional investors 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.