QUALCOMM (NASDAQ:QCOM) Shares Up 0.5%

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s stock price was up 0.5% during trading on Monday . The company traded as high as $159.63 and last traded at $158.43. Approximately 1,418,241 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 8,542,063 shares. The stock had previously closed at $157.63.

Wall Street Analyst Weigh In

A number of research firms have recently commented on QCOM. Rosenblatt Securities increased their target price on QUALCOMM from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, February 1st. Cantor Fitzgerald increased their price target on shares of QUALCOMM from $150.00 to $190.00 and gave the company a "neutral" rating in a report on Monday, April 8th. KeyCorp upped their price objective on QUALCOMM from $180.00 to $205.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. JPMorgan Chase & Co. lowered their price target on QUALCOMM from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, February 1st. Finally, Barclays raised their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.90.

QUALCOMM Stock Performance

The firm's 50 day moving average is $164.87 and its 200-day moving average is $143.12. The stock has a market capitalization of $178.76 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 2.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.43. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. Analysts forecast that QUALCOMM Incorporated will post 7.69 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio is presently 46.38%.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were 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 directly owns 69,343 shares in the company, valued at $12,030,317.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 371 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 689 shares of the company's stock, valued at approximately $103,232.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,260 shares of company stock worth $5,973,728. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

A number of institutional investors have recently modified their holdings of QCOM. Norges Bank acquired a new stake in QUALCOMM in the fourth quarter valued at $2,507,978,000. International Assets Investment Management LLC raised its stake in QUALCOMM by 12,998.7% during the 4th quarter. International Assets Investment Management LLC now owns 3,006,156 shares of the wireless technology company's stock worth $434,780,000 after acquiring an additional 2,983,206 shares in the last quarter. Pacer Advisors Inc. boosted its stake in QUALCOMM by 1,543.8% in the fourth quarter. Pacer Advisors Inc. now owns 2,831,577 shares of the wireless technology company's stock valued at $409,531,000 after acquiring an additional 2,659,323 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of QUALCOMM by 8.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,336,496 shares of the wireless technology company's stock worth $3,664,418,000 after purchasing an additional 1,909,025 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of QUALCOMM by 53.6% in the 3rd quarter. Barclays PLC now owns 5,283,274 shares of the wireless technology company's stock valued at $586,760,000 after purchasing an additional 1,842,868 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

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.