QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) shares fell 0.8% on Thursday . The company traded as low as $173.55 and last traded at $173.83. 1,281,614 shares were traded during trading, a decline of 83% from the average session volume of 7,484,154 shares. The stock had previously closed at $175.22.
Several equities analysts have recently issued reports on QCOM shares. Piper Sandler dropped their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Barclays lowered their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Loop Capital initiated coverage on QUALCOMM in a research report on Monday, November 11th. They issued a "hold" rating and a $180.00 price target on the stock. Melius Research assumed coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.32.
Get Our Latest Report on QCOM
The firm has a fifty day moving average of $164.01 and a two-hundred day moving average of $165.61. The company has a market cap of $191.93 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its 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%. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.96%. QUALCOMM's dividend payout ratio is currently 36.32%.
In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the transaction, the chief financial officer now directly owns 48,778 shares in the company, valued at approximately $7,879,598.12. This trade represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the sale, the general counsel now directly owns 19,739 shares in the company, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,964 shares of company stock worth $7,583,661. 0.08% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Reston Wealth Management LLC bought a new stake in QUALCOMM during the third quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of QUALCOMM during the fourth quarter worth approximately $26,000. Banque Transatlantique SA bought a new stake in shares of QUALCOMM in the 4th quarter worth approximately $26,000. CKW Financial Group purchased a new stake in shares of QUALCOMM in the 4th quarter valued at $27,000. Finally, Centricity Wealth Management LLC bought a new position in shares of QUALCOMM during the 4th quarter valued at $29,000. Institutional investors own 74.35% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider QUALCOMM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QUALCOMM wasn't on the list.
While QUALCOMM currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.