QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) CFO Akash J. Palkhiwala sold 269 shares of QUALCOMM stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $131.10, for a total value of $35,265.90. Following the sale, the chief financial officer now directly owns 57,728 shares in the company, valued at $7,568,140.80. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
QUALCOMM Trading Up 3.6 %
QUALCOMM stock traded up $4.85 during midday trading on Friday, hitting $139.25. 10,947,680 shares of the stock were exchanged, compared to its average volume of 8,878,501. The stock has a market capitalization of $154.01 billion, a PE ratio of 14.88, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a fifty day simple moving average of $156.49 and a two-hundred day simple moving average of $161.46. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.
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Analyst Ratings Changes
Several equities analysts recently issued reports on QCOM shares. Piper Sandler cut their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. Evercore ISI reduced their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. TD Cowen cut their price objective on QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $201.21.
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Institutional Investors Weigh In On QUALCOMM
Several large investors have recently modified their holdings of QCOM. Kohmann Bosshard Financial Services LLC bought a new stake in QUALCOMM in the 4th quarter valued at $26,000. Banque Transatlantique SA bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $26,000. CKW Financial Group acquired a new position in shares of QUALCOMM during the fourth quarter worth about $27,000. Centricity Wealth Management LLC bought a new position in shares of QUALCOMM during the fourth quarter worth about $29,000. Finally, Sunbeam Capital Management LLC acquired a new stake in QUALCOMM in the 4th quarter valued at approximately $29,000. 74.35% of the stock is currently owned by institutional investors.
About QUALCOMM
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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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