QUALCOMM's (QCOM) Neutral Rating Reaffirmed at Cantor Fitzgerald

QUALCOMM (NASDAQ:QCOM - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at Cantor Fitzgerald in a research note issued on Thursday, Benzinga reports. They currently have a $190.00 price objective on the wireless technology company's stock. Cantor Fitzgerald's price target points to a potential upside of 5.50% from the stock's current price.

Other equities analysts have also issued reports about the stock. UBS Group boosted their target price on shares of QUALCOMM from $165.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday. Rosenblatt Securities upped their price objective on shares of QUALCOMM from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, February 1st. JPMorgan Chase & Co. decreased their price objective on shares of QUALCOMM from $173.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, February 1st. Morgan Stanley increased their price objective on shares of QUALCOMM from $158.00 to $172.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, KeyCorp increased 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $179.36.

QUALCOMM Price Performance

NASDAQ QCOM traded up $15.99 during trading hours on Thursday, hitting $180.10. 25,871,486 shares of the company's stock traded hands, compared to its average volume of 8,740,455. QUALCOMM has a 52-week low of $101.47 and a 52-week high of $181.69. The company has a market capitalization of $200.99 billion, a PE ratio of 26.13, a PEG ratio of 2.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. The firm's 50-day moving average is $166.69 and its 200-day moving average is $145.87.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.50 billion. Equities analysts forecast that QUALCOMM will post 7.64 EPS for the current fiscal year.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other QUALCOMM news, CAO Neil Martin sold 371 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were 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 of the company's stock, valued at $12,030,317.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,260 shares of company stock worth $5,973,728. Company insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On QUALCOMM

Hedge funds have recently added to or reduced their stakes in the business. Grandview Asset Management LLC boosted its position in shares of 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. raised its stake in QUALCOMM by 0.6% during the first quarter. Tealwood Asset Management Inc. now owns 9,899 shares of the wireless technology company's stock worth $1,676,000 after acquiring an additional 63 shares in the last quarter. VERITY Wealth Advisors lifted its holdings in shares of QUALCOMM by 0.8% during the first quarter. VERITY Wealth Advisors now owns 7,795 shares of the wireless technology company's stock valued at $1,320,000 after acquiring an additional 64 shares during the period. SlateStone Wealth LLC lifted its holdings in shares of QUALCOMM by 1.7% during the first quarter. SlateStone Wealth LLC now owns 3,874 shares of the wireless technology company's stock valued at $656,000 after acquiring an additional 65 shares during the period. Finally, Cassaday & Co Wealth Management LLC lifted 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 valued at $831,000 after acquiring an additional 66 shares during the period. 74.35% of the stock is currently owned by hedge funds and other 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.