QUALCOMM Incorporated (NASDAQ:QCOM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Free Report) have received an average recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $148.71.

A number of brokerages have issued reports on QCOM. TD Cowen lifted their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Piper Sandler lifted their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price target on shares of QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Susquehanna lifted their price target on shares of QUALCOMM from $130.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday, November 2nd. Finally, Citigroup downgraded shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Thursday, February 1st.

Read Our Latest Analysis on QCOM

Insider Buying and Selling

In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the transaction, the chief executive officer now owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other QUALCOMM news, CAO Neil Martin sold 3,098 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $130.00, for a total value of $402,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 247 shares in the company, valued at $32,110. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now owns 32,400 shares of the company’s stock, valued at $4,843,800. The disclosure for this sale can be found here. Insiders have sold a total of 13,198 shares of company stock valued at $1,876,690 in the last quarter. Company insiders own 0.08% of the company’s stock.

Institutional Trading of QUALCOMM

Institutional investors have recently made changes to their positions in the stock. Founders Financial Alliance LLC acquired a new stake in QUALCOMM in the fourth quarter valued at approximately $231,000. Nixon Peabody Trust Co. bought a new position in QUALCOMM during the fourth quarter worth $557,000. Skopos Labs Inc. bought a new position in QUALCOMM during the fourth quarter worth $830,000. Eagle Global Advisors LLC boosted its stake in QUALCOMM by 1.5% during the fourth quarter. Eagle Global Advisors LLC now owns 53,169 shares of the wireless technology company’s stock worth $7,690,000 after buying an additional 790 shares in the last quarter. Finally, Congress Wealth Management LLC DE boosted its stake in QUALCOMM by 64.8% during the fourth quarter. Congress Wealth Management LLC DE now owns 10,674 shares of the wireless technology company’s stock worth $1,544,000 after buying an additional 4,197 shares in the last quarter. 71.10% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

Shares of QCOM opened at $151.00 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The stock has a market cap of $168.52 billion, a P/E ratio of 21.88, a PEG ratio of 2.02 and a beta of 1.42. The company has a 50-day moving average of $142.52 and a two-hundred day moving average of $125.19. QUALCOMM has a 12-month low of $101.47 and a 12-month high of $157.98.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, February 29th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.12%. QUALCOMM’s dividend payout ratio (DPR) is presently 46.38%.

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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Analyst Recommendations for QUALCOMM (NASDAQ:QCOM)

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