QUALCOMM, Inc. (NASDAQ:QCOM) has received a consensus recommendation of “Hold” from the twenty-five analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $66.41.
Several research firms recently commented on QCOM. Zacks Investment Research upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday. BidaskClub lowered QUALCOMM from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 29th. Raymond James set a $65.00 price target on QUALCOMM and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Barclays reiterated a “buy” rating and issued a $70.00 price target on shares of QUALCOMM in a research report on Friday, January 18th. Finally, Morgan Stanley upgraded QUALCOMM from an “underweight” rating to an “equal weight” rating in a research report on Thursday, November 15th.
Shares of QCOM stock traded up $0.41 during trading hours on Tuesday, hitting $51.98. The stock had a trading volume of 12,078,992 shares, compared to its average volume of 16,421,023. QUALCOMM has a one year low of $48.56 and a one year high of $76.50. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 4.25. The stock has a market capitalization of $62.91 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.48 annualized dividend and a dividend yield of 4.77%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.
In other QUALCOMM news, President Cristiano R. Amon sold 18,323 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $60.23, for a total transaction of $1,103,594.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James H. Thompson sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $50.75, for a total value of $2,030,000.00. Following the transaction, the executive vice president now owns 62,301 shares of the company’s stock, valued at approximately $3,161,775.75. The disclosure for this sale can be found here. Insiders have sold 73,668 shares of company stock valued at $4,006,189 in the last 90 days. Company insiders own 0.11% of the company’s stock.
Several large investors have recently made changes to their positions in QCOM. Mathes Company Inc. raised its stake in shares of QUALCOMM by 190.0% during the fourth quarter. Mathes Company Inc. now owns 8,700 shares of the wireless technology company’s stock valued at $495,000 after acquiring an additional 5,700 shares in the last quarter. Alliancebernstein L.P. raised its stake in QUALCOMM by 3.3% in the third quarter. Alliancebernstein L.P. now owns 4,215,124 shares of the wireless technology company’s stock worth $303,615,000 after buying an additional 134,469 shares in the last quarter. First American Bank raised its stake in QUALCOMM by 4.5% in the fourth quarter. First American Bank now owns 27,282 shares of the wireless technology company’s stock worth $1,552,000 after buying an additional 1,166 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its stake in QUALCOMM by 7.9% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 5,125 shares of the wireless technology company’s stock worth $292,000 after buying an additional 375 shares in the last quarter. Finally, Becker Capital Management Inc. raised its stake in QUALCOMM by 8.8% in the fourth quarter. Becker Capital Management Inc. now owns 677,926 shares of the wireless technology company’s stock worth $38,581,000 after buying an additional 54,674 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.
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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