QUALCOMM Incorporated (NASDAQ:QCOM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) have been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $207.92.

Several analysts have recently commented on the company. Robert W. Baird raised their target price on QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. HSBC cut QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research report on Wednesday, July 17th. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Citigroup decreased their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th.

Insider Activity

In related news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the sale, the chief technology officer now owns 213,364 shares of the company’s stock, valued at $36,229,207.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the transaction, the insider now owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at approximately $36,229,207.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,245 shares of company stock worth $3,679,407. Company insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Apella Capital LLC lifted its stake in shares of QUALCOMM by 6.9% during the first quarter. Apella Capital LLC now owns 5,057 shares of the wireless technology company’s stock valued at $888,000 after acquiring an additional 326 shares during the period. Park Avenue Securities LLC lifted its stake in shares of QUALCOMM by 11.8% during the first quarter. Park Avenue Securities LLC now owns 25,723 shares of the wireless technology company’s stock valued at $4,355,000 after acquiring an additional 2,709 shares during the period. Fragasso Group Inc. lifted its stake in shares of QUALCOMM by 1.5% during the first quarter. Fragasso Group Inc. now owns 5,652 shares of the wireless technology company’s stock valued at $957,000 after acquiring an additional 82 shares during the period. Marcum Wealth LLC lifted its stake in shares of QUALCOMM by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,249 shares of the wireless technology company’s stock valued at $381,000 after acquiring an additional 70 shares during the period. Finally, RFG Advisory LLC lifted its stake in shares of QUALCOMM by 3.6% during the first quarter. RFG Advisory LLC now owns 19,864 shares of the wireless technology company’s stock valued at $3,363,000 after acquiring an additional 696 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $168.10 on Friday. The stock has a fifty day moving average price of $169.30 and a two-hundred day moving average price of $182.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The firm has a market cap of $187.26 billion, a P/E ratio of 21.77, a PEG ratio of 1.74 and a beta of 1.28. QUALCOMM has a 1 year low of $104.33 and a 1 year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.21. The business had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.23 billion. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. Research analysts forecast that QUALCOMM will post 8.02 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio is presently 44.04%.

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.