QUALCOMM (NASDAQ:QCOM) Research Coverage Started at Benchmark

Stock analysts at Benchmark began coverage on shares of QUALCOMM (NASDAQ:QCOM) in a research note issued on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $200.00 price target on the wireless technology company’s stock. Benchmark’s price objective would suggest a potential upside of 24.86% from the stock’s current price.

QCOM has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price objective on QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. KeyCorp increased their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Barclays upped their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Cantor Fitzgerald raised their price target on shares of QUALCOMM from $150.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price of $158.86.

QUALCOMM Trading Up 1.6 %

Shares of QCOM opened at $160.18 on Tuesday. The stock has a 50 day simple moving average of $165.01 and a 200-day simple moving average of $143.47. 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 $178.76 billion, a PE ratio of 23.21, a PEG ratio of 2.15 and a beta of 1.41. QUALCOMM has a 1 year low of $101.47 and a 1 year high of $177.59.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data 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. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.50 billion. On average, sell-side analysts predict that QUALCOMM will post 7.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $159.39, for a total value of $1,275,120.00. Following the completion of the transaction, the chief technology officer now owns 269,893 shares of the company’s stock, valued at approximately $43,018,245.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other QUALCOMM news, CAO Neil Martin sold 371 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the completion of the sale, the chief accounting officer now directly owns 689 shares in the company, valued at $103,232.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $159.39, for a total value of $1,275,120.00. Following the transaction, the chief technology officer now owns 269,893 shares in the company, valued at approximately $43,018,245.27. The disclosure for this sale can be found here. Insiders have sold 36,260 shares of company stock valued at $5,973,728 in the last 90 days. 0.08% of the stock is owned by insiders.

Institutional Trading of QUALCOMM

A number of large investors have recently bought and sold shares of QCOM. Financial Gravity Asset Management Inc. boosted its holdings in shares of 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 buying an additional 122 shares during the period. WFA Asset Management Corp acquired a new position in QUALCOMM in the 1st quarter worth $27,000. Legacy Financial Group LLC bought a new position in QUALCOMM during the 3rd quarter worth about $29,000. CarsonAllaria Wealth Management Ltd. raised its stake in shares of QUALCOMM by 327.1% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 205 shares of the wireless technology company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $32,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Company Profile

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.