Brokerages Set QUALCOMM Incorporated (NASDAQ:QCOM) Target Price at $206.57

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) have been assigned a consensus recommendation of “Moderate Buy” from the thirty analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $206.57.

QCOM has been the subject of several research analyst reports. Mizuho decreased their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. UBS Group upped their price target on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays reduced their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, KeyCorp downgraded shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th.

Insider Activity at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction 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 completion of the transaction, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were 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 in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valmark Advisers Inc. raised its position in shares of QUALCOMM by 19.1% in the fourth 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 during the period. Csenge Advisory Group raised its holdings in 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 acquiring an additional 154 shares during the period. Hourglass Capital LLC lifted its position in shares of QUALCOMM by 15.3% during the fourth 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 boosted its holdings in shares of QUALCOMM by 0.4% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 68,175 shares of the wireless technology company’s stock worth $10,473,000 after acquiring an additional 298 shares during the period. Finally, Secured Retirement Advisors LLC grew its position in shares of QUALCOMM by 68.1% in the fourth quarter. Secured Retirement Advisors LLC now owns 19,849 shares of the wireless technology company’s stock valued at $3,049,000 after purchasing an additional 8,042 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.1 %

NASDAQ QCOM opened at $171.93 on Friday. The stock has a market capitalization of $191.01 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.84 and a beta of 1.25. The business has a 50 day simple moving average of $160.11 and a 200 day simple moving average of $166.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM has a one year low of $139.26 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $9.90 billion. Research analysts expect that QUALCOMM will post 9.14 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. Investors 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 1.98%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

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.