QUALCOMM (NASDAQ:QCOM) Shares Up 0.7%

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) traded up 0.7% on Monday . The stock traded as high as $174.27 and last traded at $172.47. 1,464,323 shares traded hands during trading, a decline of 83% from the average session volume of 8,574,565 shares. The stock had previously closed at $171.29.

Analysts Set New Price Targets

Several research analysts have recently commented on QCOM shares. KeyCorp lifted their price target on shares of QUALCOMM from $180.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, April 8th. StockNews.com lowered shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 7th. TD Cowen boosted their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Rosenblatt Securities boosted their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, February 1st. Finally, Barclays boosted their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and an average price target of $154.90.

QUALCOMM Price Performance

The firm has a market cap of $189.54 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 2.34 and a beta of 1.41. The business's 50-day simple moving average is $163.10 and its two-hundred day simple moving average is $141.23. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.43. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The company had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.50 billion. As a group, research analysts expect that QUALCOMM Incorporated will post 7.67 EPS for the current fiscal year.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the completion of the sale, the chief financial officer now owns 69,343 shares in the company, valued at approximately $12,030,317.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO James H. Thompson sold 8,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $159.39, for a total transaction of $1,275,120.00. Following the transaction, the chief technology officer now directly owns 269,893 shares of the company's stock, valued at $43,018,245.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total value of $520,470.00. Following the transaction, the chief financial officer now directly owns 69,343 shares in the company, valued at $12,030,317.07. The disclosure for this sale can be found here. Insiders sold 44,360 shares of company stock valued at $7,184,678 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

Several hedge funds have recently added to or reduced their stakes in the stock. Grandview Asset Management LLC lifted its holdings in QUALCOMM by 2.3% in the first quarter. Grandview Asset Management LLC now owns 2,730 shares of the wireless technology company's stock valued at $462,000 after acquiring an additional 62 shares during the period. Tealwood Asset Management Inc. grew its holdings in QUALCOMM by 0.6% during the 1st quarter. Tealwood Asset Management Inc. now owns 9,899 shares of the wireless technology company's stock valued at $1,676,000 after buying an additional 63 shares in the last quarter. VERITY Wealth Advisors grew its holdings in QUALCOMM by 0.8% during the 1st quarter. VERITY Wealth Advisors now owns 7,795 shares of the wireless technology company's stock valued at $1,320,000 after buying an additional 64 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of QUALCOMM by 1.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,745 shares of the wireless technology company's stock valued at $831,000 after purchasing an additional 66 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc lifted its stake in shares of QUALCOMM by 6.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company's stock valued at $161,000 after purchasing an additional 68 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

About QUALCOMM

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.