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

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 value of $1,346,160.00. Following the transaction, the chief technology officer now owns 261,893 shares in the company, valued at approximately $44,068,735.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $173.91 on Thursday. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $177.59. The company has a market cap of $194.08 billion, a PE ratio of 25.20, a P/E/G ratio of 2.35 and a beta of 1.41. 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 business has a 50-day simple moving average of $159.20 and a 200-day simple moving average of $137.68.

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

Hedge Funds Weigh In On QUALCOMM

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DHJJ Financial Advisors Ltd. acquired a new position in QUALCOMM in the third quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. boosted its holdings in QUALCOMM by 102.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Milestone Investment Advisors LLC acquired a new position in QUALCOMM in the first quarter valued at approximately $26,000. Pacifica Partners Inc. boosted its holdings in QUALCOMM by 150.0% in the third quarter. Pacifica Partners Inc. now owns 250 shares of the wireless technology company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, O Dell Group LLC acquired a new position in QUALCOMM in the fourth quarter valued at approximately $28,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Rosenblatt Securities lifted their price target on QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Morgan Stanley lowered shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $119.00 to $132.00 in a report on Friday, December 8th. TD Cowen boosted their price objective on shares of QUALCOMM from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. dropped their target price on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $150.00 target price on shares of QUALCOMM in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.71.

Check Out Our Latest Report on QCOM

QUALCOMM Company Profile

(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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