Shares of QUALCOMM, Inc. (NASDAQ:QCOM) have earned an average recommendation of “Buy” from the twenty-nine brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $87.61.
A number of research analysts recently issued reports on QCOM shares. UBS Group boosted their target price on shares of QUALCOMM from $73.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. TheStreet upgraded shares of QUALCOMM from a “c+” rating to a “b-” rating in a research report on Thursday, August 1st. Deutsche Bank decreased their target price on shares of QUALCOMM from $80.00 to $75.00 and set an “in-line” rating for the company in a research report on Thursday, August 1st. Daiwa Capital Markets started coverage on shares of QUALCOMM in a research report on Thursday, July 18th. They set a “neutral” rating for the company. Finally, Rosenblatt Securities restated a “buy” rating and set a $95.00 target price on shares of QUALCOMM in a research report on Thursday, November 7th.
NASDAQ QCOM opened at $90.47 on Thursday. The company has a market capitalization of $107.37 billion, a PE ratio of 31.86, a P/E/G ratio of 2.05 and a beta of 1.59. The company has a fifty day moving average of $80.14 and a 200 day moving average of $76.64. QUALCOMM has a 1 year low of $49.10 and a 1 year high of $94.11. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.88 and a quick ratio of 1.72.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $2.48 dividend on an annualized basis and a yield of 2.74%. QUALCOMM’s payout ratio is 87.32%.
In other QUALCOMM news, President Cristiano R. Amon sold 8,611 shares of QUALCOMM stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.03, for a total value of $689,138.33. Following the completion of the transaction, the president now owns 50,434 shares of the company’s stock, valued at $4,036,233.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michelle M. Sterling sold 10,398 shares of QUALCOMM stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $75.01, for a total transaction of $779,953.98. The disclosure for this sale can be found here. Insiders sold 19,118 shares of company stock valued at $1,477,392 in the last ninety days. 0.11% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in QCOM. Ibex Wealth Advisors purchased a new stake in shares of QUALCOMM during the second quarter worth about $28,000. Krane Funds Advisors LLC purchased a new stake in shares of QUALCOMM during the second quarter worth about $28,000. Hexavest Inc. purchased a new stake in shares of QUALCOMM during the second quarter worth about $33,000. Lenox Wealth Advisors LLC purchased a new stake in shares of QUALCOMM during the second quarter worth about $34,000. Finally, Mechanics Bank Trust Department purchased a new stake in shares of QUALCOMM during the third quarter worth about $34,000. 78.22% of the stock is owned by institutional investors and hedge funds.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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