QUALCOMM (NASDAQ:QCOM) Stock Price Down 0.9% on Insider Selling

QUALCOMM Incorporated (NASDAQ:QCOM - Get Free Report)'s share price traded down 0.9% during trading on Friday following insider selling activity. The stock traded as low as $177.91 and last traded at $178.43. 3,668,561 shares were traded during trading, a decline of 58% from the average session volume of 8,675,583 shares. The stock had previously closed at $180.10.Specifically, CAO Neil Martin sold 371 shares of the firm's 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 sale, the chief accounting officer now owns 689 shares of the company's stock, valued at $103,232.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CTO James H. Thompson sold 8,000 shares of the company's stock in a transaction dated 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 approximately $43,018,245.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Neil Martin sold 371 shares of the business's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The disclosure for this sale can be found here. Insiders have sold a total of 44,260 shares of company stock valued at $7,429,728 over the last ninety days. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of QUALCOMM from $160.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday. Wolfe Research upped their price target on shares of QUALCOMM from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday. Susquehanna lifted their price objective on QUALCOMM from $175.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on QUALCOMM from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on QUALCOMM from $120.00 to $140.00 and gave the stock an "underweight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $179.36.

QUALCOMM Stock Performance

The firm has a fifty day moving average price of $167.20 and a 200 day moving average price of $146.11. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The firm has a market cap of $200.48 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.25 and a beta of 1.33.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.43. QUALCOMM had a return on equity of 38.24% and a net margin of 23.03%. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.50 billion. As a group, equities research analysts expect that QUALCOMM Incorporated will post 7.64 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given 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 1.89%. This is a boost from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio (DPR) is presently 49.28%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QCOM. Grandview Asset Management LLC lifted its holdings in shares of QUALCOMM by 2.3% during 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. lifted 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 purchasing an additional 63 shares during the last quarter. VERITY Wealth Advisors boosted its position in QUALCOMM by 0.8% in the first 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. SlateStone Wealth LLC grew its stake in QUALCOMM by 1.7% during the first quarter. SlateStone Wealth LLC now owns 3,874 shares of the wireless technology company's stock worth $656,000 after buying an additional 65 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of QUALCOMM by 1.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,745 shares of the wireless technology company's stock worth $831,000 after buying an additional 66 shares in the last quarter. 74.35% of the stock is currently 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.

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