QUALCOMM Incorporated (NASDAQ:QCOM) Insider James J. Cathey Sells 2,084 Shares

QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) insider James J. Cathey sold 2,084 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $126.51, for a total transaction of $263,646.84. Following the completion of the sale, the insider now owns 917 shares of the company’s stock, valued at $116,009.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

QUALCOMM Stock Down 0.0 %

Shares of NASDAQ:QCOM opened at $124.95 on Friday. QUALCOMM Incorporated has a 12 month low of $118.22 and a 12 month high of $193.58. The company’s 50-day moving average price is $141.34 and its two-hundred day moving average price is $140.42. The company has a quick ratio of 1.15, a current ratio of 1.61 and a debt-to-equity ratio of 0.85. The firm has a market cap of $140.32 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.72 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOMGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The wireless technology company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.44. QUALCOMM had a net margin of 30.52% and a return on equity of 95.77%. The firm had revenue of $10.93 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The company’s revenue was up 36.7% on a year-over-year basis. As a group, research analysts forecast that QUALCOMM Incorporated will post 10.95 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, August 31st. This represents a $3.00 dividend on an annualized basis and a yield of 2.40%. QUALCOMM’s payout ratio is presently 26.57%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Cowen set a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday, July 19th. Mizuho boosted their price objective on shares of QUALCOMM from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Canaccord Genuity Group reduced their price objective on shares of QUALCOMM from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Piper Sandler cut their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Finally, Edward Jones upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Ten analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CoreFirst Bank & Trust lifted its position in QUALCOMM by 103.1% during the 2nd quarter. CoreFirst Bank & Trust now owns 197 shares of the wireless technology company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Schubert & Co raised its position in shares of QUALCOMM by 136.0% in the 2nd quarter. Schubert & Co now owns 203 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 117 shares during the period. AdvisorShares Investments LLC acquired a new stake in shares of QUALCOMM in the 2nd quarter valued at approximately $27,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of QUALCOMM in the 1st quarter valued at approximately $28,000. Finally, Syverson Strege & Co raised its position in shares of QUALCOMM by 124.3% in the 2nd quarter. Syverson Strege & Co now owns 240 shares of the wireless technology company’s stock valued at $31,000 after acquiring an additional 133 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

About QUALCOMM

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

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