QUALCOMM Incorporated (NASDAQ:QCOM) EVP Michelle M. Sterling sold 7,840 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM) traded up $0.20 during mid-day trading on Tuesday, hitting $66.67. The stock had a trading volume of 11,213,976 shares, compared to its average volume of 11,287,033. QUALCOMM Incorporated has a 12-month low of $48.92 and a 12-month high of $70.24. The firm has a market capitalization of $98,280.00, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.87 and a beta of 1.26. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 2.19% and a net margin of 2.86%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. analysts forecast that QUALCOMM Incorporated will post 3.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.42%. QUALCOMM’s dividend payout ratio (DPR) is 138.18%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Ronald Blue & Co. LLC raised its position in shares of QUALCOMM by 0.5% during the second quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock worth $208,000 after acquiring an additional 18 shares during the last quarter. Hollencrest Securities LLC raised its position in shares of QUALCOMM by 0.9% during the second quarter. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company’s stock worth $241,000 after acquiring an additional 40 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of QUALCOMM by 0.4% during the second quarter. North Star Investment Management Corp. now owns 9,459 shares of the wireless technology company’s stock worth $522,000 after acquiring an additional 42 shares during the last quarter. FCA Corp TX raised its position in shares of QUALCOMM by 0.9% during the first quarter. FCA Corp TX now owns 4,817 shares of the wireless technology company’s stock worth $276,000 after acquiring an additional 43 shares during the last quarter. Finally, Farmers Trust Co. raised its position in shares of QUALCOMM by 0.9% during the second quarter. Farmers Trust Co. now owns 5,214 shares of the wireless technology company’s stock worth $288,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.
A number of equities research analysts recently weighed in on QCOM shares. Canaccord Genuity increased their price target on QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, November 13th. ValuEngine cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank Of Canada increased their price target on QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Hold” and an average target price of $65.42.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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