QUALCOMM Incorporated (NASDAQ:QCOM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) have been assigned a consensus rating of “Moderate Buy” from the twenty-nine analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $192.35.

Several research analysts have weighed in on QCOM shares. Sumitomo Mitsui Financial Group lowered shares of QUALCOMM from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $215.00 to $155.00 in a research note on Monday, April 18th. Wells Fargo & Company cut their target price on QUALCOMM from $150.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, July 11th. Deutsche Bank Aktiengesellschaft lowered their price target on QUALCOMM from $190.00 to $170.00 in a research report on Wednesday, July 20th. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 28th. Finally, Susquehanna cut their price target on shares of QUALCOMM from $190.00 to $165.00 in a research note on Thursday, April 28th.

Insider Activity

In other QUALCOMM news, CAO Erin L. Polek sold 1,521 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $129.95, for a total value of $197,653.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Schubert & Co lifted its position in QUALCOMM by 136.0% during the 2nd quarter. Schubert & Co now owns 203 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 117 shares during the period. AdvisorShares Investments LLC acquired a new stake in shares of QUALCOMM during the second quarter worth $27,000. Joseph P. Lucia & Associates LLC purchased a new position in QUALCOMM in the 1st quarter valued at $28,000. WD Rutherford LLC increased its stake in QUALCOMM by 284.6% in the 2nd quarter. WD Rutherford LLC now owns 250 shares of the wireless technology company’s stock valued at $32,000 after buying an additional 185 shares during the period. Finally, Rise Advisors LLC raised its position in QUALCOMM by 38.3% during the 2nd quarter. Rise Advisors LLC now owns 260 shares of the wireless technology company’s stock worth $33,000 after buying an additional 72 shares during the last quarter. 73.61% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Down 3.6 %

Shares of NASDAQ QCOM opened at $142.51 on Wednesday. The company has a market capitalization of $160.04 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.87 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.15. The company has a 50 day simple moving average of $137.42 and a 200-day simple moving average of $146.82. QUALCOMM has a 1 year low of $118.22 and a 1 year high of $193.58.

QUALCOMM (NASDAQ:QCOMGet Rating) last posted its earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.44. The company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.85 billion. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. The company’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 earnings per share. On average, equities research analysts predict that QUALCOMM will post 10.95 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, August 31st. QUALCOMM’s payout ratio is 26.57%.


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QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

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