QUALCOMM (NASDAQ:QCOM) Given “Neutral” Rating at Cantor Fitzgerald

QUALCOMM (NASDAQ:QCOM)‘s stock had its “neutral” rating restated by investment analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, Benzinga reports. They currently have a $190.00 price target on the wireless technology company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 5.77% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Evercore ISI assumed coverage on QUALCOMM in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 target price on the stock. Morgan Stanley upped their target price on QUALCOMM from $158.00 to $172.00 and gave the company an “equal weight” rating in a research report on Thursday. HSBC upped their target price on QUALCOMM from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays upped their target price on QUALCOMM from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Finally, Robert W. Baird upped their target price on QUALCOMM from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.36.

QUALCOMM Stock Down 0.3 %

QUALCOMM stock traded down $0.46 during midday trading on Thursday, hitting $179.64. 10,043,912 shares of the company were exchanged, compared to its average volume of 8,171,053. The company’s fifty day moving average price is $167.69 and its 200-day moving average price is $146.59. The company has a market cap of $200.48 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 1.88. QUALCOMM has a fifty-two week low of $101.47 and a fifty-two week high of $183.19.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.90 by $0.43. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. On average, research analysts predict that QUALCOMM will post 7.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the transaction, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a document filed with the SEC, which is available through this link. In other QUALCOMM news, CAO Neil Martin sold 371 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the transaction, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $182.00, for a total value of $1,456,000.00. Following the transaction, the chief technology officer now owns 253,893 shares of the company’s stock, valued at approximately $46,208,526. The disclosure for this sale can be found here. Insiders sold a total of 44,260 shares of company stock worth $7,429,728 in the last three months. 0.08% of the stock is owned by insiders.

Institutional Trading of QUALCOMM

Several institutional investors have recently modified their holdings of the company. Simon Quick Advisors LLC lifted its holdings in shares of QUALCOMM by 10.6% during the third quarter. Simon Quick Advisors LLC now owns 2,776 shares of the wireless technology company’s stock valued at $308,000 after purchasing an additional 265 shares during the last quarter. Legacy Financial Group LLC purchased a new stake in shares of QUALCOMM during the third quarter valued at $29,000. NorthRock Partners LLC lifted its holdings in shares of QUALCOMM by 12.5% during the third quarter. NorthRock Partners LLC now owns 4,418 shares of the wireless technology company’s stock valued at $491,000 after purchasing an additional 490 shares during the last quarter. Horst & Graben Wealth Management LLC lifted its holdings in shares of QUALCOMM by 50.7% during the third quarter. Horst & Graben Wealth Management LLC now owns 2,812 shares of the wireless technology company’s stock valued at $312,000 after purchasing an additional 946 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of QUALCOMM by 1.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 543,300 shares of the wireless technology company’s stock valued at $60,339,000 after purchasing an additional 9,200 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

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.