QUALCOMM, Inc. (NASDAQ:QCOM) CFO Akash J. Palkhiwala sold 3,925 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $102.42, for a total transaction of $401,998.50. Following the completion of the sale, the chief financial officer now owns 17,790 shares in the company, valued at $1,822,051.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

NASDAQ:QCOM opened at $105.61 on Friday. The company has a debt-to-equity ratio of 4.67, a current ratio of 1.97 and a quick ratio of 1.39. The firm has a market cap of $120.94 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.34. The company has a 50 day moving average price of $90.67 and a 200-day moving average price of $82.54. QUALCOMM, Inc. has a 1-year low of $58.00 and a 1-year high of $107.75.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 29th. The wireless technology company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.15. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.80 billion. QUALCOMM had a net margin of 13.72% and a return on equity of 78.39%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. On average, sell-side analysts anticipate that QUALCOMM, Inc. will post 3.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Wednesday, September 2nd. QUALCOMM’s dividend payout ratio (DPR) is 91.55%.

Several large investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its holdings in shares of QUALCOMM by 3.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,380 shares of the wireless technology company’s stock valued at $308,000 after purchasing an additional 110 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in QUALCOMM by 1.8% in the 2nd quarter. Beacon Financial Advisory LLC now owns 6,395 shares of the wireless technology company’s stock valued at $583,000 after acquiring an additional 116 shares during the period. Nadler Financial Group Inc. grew its stake in QUALCOMM by 3.8% in the 2nd quarter. Nadler Financial Group Inc. now owns 3,237 shares of the wireless technology company’s stock valued at $295,000 after acquiring an additional 118 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in QUALCOMM by 1.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,508 shares of the wireless technology company’s stock valued at $508,000 after acquiring an additional 125 shares during the period. Finally, Country Club Trust Company n.a. grew its stake in QUALCOMM by 2.9% in the 2nd quarter. Country Club Trust Company n.a. now owns 4,411 shares of the wireless technology company’s stock valued at $393,000 after acquiring an additional 125 shares during the period. 74.50% of the stock is owned by hedge funds and other institutional investors.

QCOM has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of QUALCOMM from $81.00 to $106.00 and gave the company a “sector perform” rating in a report on Thursday. They noted that the move was a valuation call. Bank of America raised their price target on shares of QUALCOMM from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Morgan Stanley raised their price target on shares of QUALCOMM from $102.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Co lifted their target price on shares of QUALCOMM from $70.00 to $90.00 in a research note on Thursday. Finally, Piper Sandler lifted their target price on shares of QUALCOMM from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $106.36.

QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, 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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