QUALCOMM, Inc. (NASDAQ:QCOM) EVP Donald J. Rosenberg sold 28,729 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.51, for a total value of $2,427,887.79. Following the sale, the executive vice president now owns 18,431 shares of the company’s stock, valued at $1,557,603.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
QCOM opened at $84.12 on Wednesday. The firm’s 50 day moving average is $84.88 and its 200-day moving average is $76.78. QUALCOMM, Inc. has a 52-week low of $49.10 and a 52-week high of $94.11. The company has a quick ratio of 1.72, a current ratio of 1.88 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $95.71 billion, a P/E ratio of 29.62, a P/E/G ratio of 1.72 and a beta of 1.61.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.07. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.71 billion. QUALCOMM had a net margin of 18.07% and a return on equity of 77.78%. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Equities analysts expect that QUALCOMM, Inc. will post 3.48 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Jennison Associates LLC grew its stake in shares of QUALCOMM by 996.4% during the second quarter. Jennison Associates LLC now owns 15,287,530 shares of the wireless technology company’s stock valued at $1,162,922,000 after acquiring an additional 13,893,238 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of QUALCOMM by 49.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 35,136,722 shares of the wireless technology company’s stock worth $2,672,850,000 after acquiring an additional 11,686,131 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in QUALCOMM by 1,405.4% in the second quarter. Nuveen Asset Management LLC now owns 11,560,171 shares of the wireless technology company’s stock valued at $879,382,000 after purchasing an additional 10,792,248 shares during the last quarter. Morgan Stanley boosted its holdings in QUALCOMM by 126.9% in the second quarter. Morgan Stanley now owns 15,465,753 shares of the wireless technology company’s stock valued at $1,176,482,000 after purchasing an additional 8,648,635 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in QUALCOMM by 2.4% in the second quarter. Vanguard Group Inc. now owns 99,900,654 shares of the wireless technology company’s stock valued at $7,599,444,000 after purchasing an additional 2,296,163 shares during the last quarter. 77.39% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the company. DZ Bank raised QUALCOMM from a “sell” rating to a “hold” rating and set a $92.00 price objective on the stock in a research note on Friday, November 8th. Cowen reissued a “buy” rating and set a $100.00 target price on shares of QUALCOMM in a research report on Wednesday, November 20th. Canaccord Genuity reissued a “buy” rating and set a $101.00 target price on shares of QUALCOMM in a research report on Tuesday, November 19th. BidaskClub lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.60.
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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