QUALCOMM (NASDAQ:QCOM) Shares Up 1.8%

Shares of QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report) were up 1.8% on Tuesday . The stock traded as high as $187.80 and last traded at $187.54. Approximately 2,180,864 shares changed hands during trading, a decline of 74% from the average daily volume of 8,522,098 shares. The stock had previously closed at $184.21.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on QUALCOMM from $160.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. KeyCorp lifted their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. UBS Group upped their target price on shares of QUALCOMM from $165.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Cantor Fitzgerald reiterated a "neutral" rating and set a $190.00 price objective on shares of QUALCOMM in a research report on Thursday, May 2nd. Finally, Morgan Stanley lifted their target price on QUALCOMM from $158.00 to $172.00 and gave the company an "equal weight" rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $180.48.

QUALCOMM Trading Up 2.6 %

The firm has a market capitalization of $210.89 billion, a P/E ratio of 25.40, a PEG ratio of 2.25 and a beta of 1.33. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $170.31 and a 200-day moving average of $150.19.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's payout ratio is currently 43.01%.

Insider Buying and Selling at QUALCOMM

In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $159.50, for a total transaction of $1,291,950.00. Following the completion of the sale, the chief executive officer now owns 24,300 shares in the company, valued at approximately $3,875,850. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Cristiano R. Amon sold 8,100 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $159.50, for a total value of $1,291,950.00. Following the completion of the sale, the chief executive officer now owns 24,300 shares of the company's stock, valued at $3,875,850. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction dated 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 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. Insiders have sold 58,160 shares of company stock worth $9,939,349 over the last 90 days. Company insiders own 0.08% of the company's stock.

Institutional Trading of QUALCOMM

Several large investors have recently made changes to their positions in QCOM. Peoples Bank OH bought a new position in QUALCOMM in the 4th quarter valued at approximately $219,000. HF Advisory Group LLC acquired a new position in QUALCOMM in the 3rd quarter worth about $629,000. Bank Hapoalim BM raised its position in QUALCOMM by 35.0% in the fourth quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company's stock valued at $5,123,000 after purchasing an additional 9,192 shares during the last quarter. NewEdge Wealth LLC boosted its stake in shares of QUALCOMM by 120.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,677 shares of the wireless technology company's stock valued at $2,991,000 after purchasing an additional 11,285 shares in the last quarter. Finally, 1834 Investment Advisors Co. grew its holdings in shares of QUALCOMM by 6.6% during the fourth quarter. 1834 Investment Advisors Co. now owns 45,570 shares of the wireless technology company's stock worth $6,591,000 after purchasing an additional 2,818 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.