QUALCOMM Incorporated (NASDAQ:QCOM) Given Consensus Recommendation of “Moderate Buy” by Analysts

QUALCOMM Incorporated (NASDAQ:QCOM) has received an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $180.48.

A number of research analysts have recently commented on QCOM shares. Robert W. Baird increased their price target on QUALCOMM from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. TD Cowen lifted their price target on QUALCOMM from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of QUALCOMM in a report on Friday, May 3rd. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 8th. Finally, KeyCorp upped their price target on shares of QUALCOMM from $180.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, April 8th.

Insider Buying and Selling

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of QUALCOMM 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 sale, the chief technology officer now directly owns 269,893 shares of the company’s stock, valued at $43,018,245.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction on Friday, March 1st. The shares were sold at an average price of $159.50, for a total value of $1,291,950.00. Following the completion of the sale, the chief executive officer now owns 24,300 shares of the company’s stock, valued at approximately $3,875,850. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $1,275,120.00. Following the sale, the chief technology officer now owns 269,893 shares of the company’s stock, valued at approximately $43,018,245.27. The disclosure for this sale can be found here. Insiders have sold a total of 70,074 shares of company stock valued at $12,258,386 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. WFA Asset Management Corp bought a new stake in QUALCOMM during the 1st quarter worth approximately $27,000. CarsonAllaria Wealth Management Ltd. grew its holdings in QUALCOMM by 327.1% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 205 shares of the wireless technology company’s stock worth $30,000 after buying an additional 157 shares in the last quarter. Richardson Capital Management LLC purchased a new stake in QUALCOMM in the 1st quarter valued at $37,000. DiNuzzo Private Wealth Inc. bought a new position in QUALCOMM during the 4th quarter valued at $32,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in QUALCOMM by 95.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company’s stock worth $34,000 after acquiring an additional 115 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 4.3 %

QCOM stock opened at $210.36 on Tuesday. The firm has a 50-day moving average price of $175.50 and a 200-day moving average price of $155.24. QUALCOMM has a 12 month low of $101.47 and a 12 month high of $211.30. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $234.76 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.82 by $0.11. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. The business had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.32 billion. As a group, equities research analysts anticipate that QUALCOMM will post 7.83 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.40 annualized dividend and a dividend yield of 1.62%. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is currently 43.01%.

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.