James H. Thompson Sells 8,000 Shares of QUALCOMM Incorporated (NASDAQ:QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOMGet Free Report) CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction on Monday, April 1st. The stock was sold at an average price of $168.27, for a total transaction of $1,346,160.00. Following the sale, the chief technology officer now directly owns 261,893 shares of the company’s stock, valued at $44,068,735.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

QUALCOMM Stock Down 0.4 %

QUALCOMM stock traded down $0.68 during trading on Tuesday, reaching $171.04. 7,433,885 shares of the company’s stock were exchanged, compared to its average volume of 8,945,487. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. The company’s 50-day moving average is $158.85 and its two-hundred day moving average is $137.27. The firm has a market cap of $190.88 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.31 and a beta of 1.41. QUALCOMM Incorporated has a 52-week low of $101.47 and a 52-week high of $177.59.

QUALCOMM (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. On average, analysts predict that QUALCOMM Incorporated will post 7.67 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Wednesday, February 28th. QUALCOMM’s payout ratio is 46.38%.

Wall Street Analyst Weigh In

QCOM has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. TD Cowen lifted their price objective on QUALCOMM from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. KeyCorp lifted their price objective on QUALCOMM from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Mizuho lifted their price objective on QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.71.

Read Our Latest Stock Report on QUALCOMM

Institutional Trading of QUALCOMM

A number of large investors have recently added to or reduced their stakes in QCOM. Vanguard Group Inc. boosted its stake in QUALCOMM by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 110,717,388 shares of the wireless technology company’s stock worth $12,296,273,000 after purchasing an additional 483,390 shares during the period. State Street Corp lifted its position in QUALCOMM by 1.1% in the 2nd quarter. State Street Corp now owns 49,042,212 shares of the wireless technology company’s stock worth $5,837,985,000 after buying an additional 549,861 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in QUALCOMM by 8.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,336,496 shares of the wireless technology company’s stock worth $3,664,418,000 after buying an additional 1,909,025 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of QUALCOMM by 117,461.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company’s stock valued at $2,703,193,000 after purchasing an additional 24,566,978 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of QUALCOMM by 22.2% during the 4th quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company’s stock valued at $2,375,020,000 after purchasing an additional 3,929,586 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

About QUALCOMM

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for QUALCOMM (NASDAQ:QCOM)

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