1 day Ago By ABMN Staff
TD Cowen upgraded shares of QUALCOMM ( NASDAQ:QCOM – Free Report ) to a strong-buy rating in a report released on Monday morning, Zacks.com reports. Several other research firms also recently weighed in on QCOM.
HSBC downgraded QUALCOMM from a buy rating to a hold rating and set a $200.00 price target on the stock. in a research note on Wednesday, July 17th.
Barclays lifted their price target on QUALCOMM from $185.00 to $200.00 and gave the stock an overweight rating in a research report on Thursday, August 1st.
Wells Fargo & Company increased their price objective on shares of QUALCOMM from $140.00 to $170.00 and gave the company an underweight rating in a research report on Thursday, August 1st.
Cantor Fitzgerald restated a neutral rating and set a $215.00 price objective on shares of QUALCOMM in a research note on Thursday, August 1st. Finally, Rosenblatt Securities upped their target price on shares of QUALCOMM from $240.
00 to $250.00 and gave the stock a buy rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $211.67.
View Our Latest Stock Analysis on QUALCOMM QUALCOMM Price Performance QUALCOMM ( NASDAQ:QCOM – Get Free Report ) last released its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.
72 by $0.21. QUALCOMM had a net margin of 23.
32% and a return on equity of 38.12%. The firm had revenue of $9.
39 billion for the quarter, compared to the consensus estimate of $9.23 billion. On average, sell-side analysts forecast that QUALCOMM will post 8 EPS for the current year.
QUALCOMM Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be given a $0.85 dividend.
The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.
02%. QUALCOMM’s dividend payout ratio (DPR) is currently 45.70%.
Insider Activity In related news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.
50, for a total value of $1,284,000.00. Following the completion of the transaction, the chief technology officer now owns 229,987 shares of the company’s stock, valued at approximately $36,912,913.
50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In related news, CFO Akash J.
Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $205.61, for a total transaction of $616,830.
00. Following the completion of the sale, the chief financial officer now owns 60,343 shares of the company’s stock, valued at approximately $12,407,124.23.
The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Friday, August 2nd.
The stock was sold at an average price of $160.50, for a total value of $1,284,000.00.
Following the transaction, the chief technology officer now owns 229,987 shares in the company, valued at approximately $36,912,913.50. The disclosure for this sale can be found here .
Insiders have sold 19,000 shares of company stock worth $3,496,590 in the last ninety days. Company insiders own 0.08% of the company’s stock.
Institutional Investors Weigh In On QUALCOMM Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. City Holding Co. boosted its holdings in QUALCOMM by 3.
5% during the 1st quarter. City Holding Co. now owns 5,884 shares of the wireless technology company’s stock valued at $996,000 after acquiring an additional 199 shares during the period.
Federated Hermes Inc. boosted its stake in shares of QUALCOMM by 173.3% in the second quarter.
Federated Hermes Inc. now owns 842,357 shares of the wireless technology company’s stock valued at $167,781,000 after purchasing an additional 534,176 shares during the period. BNP Paribas purchased a new position in shares of QUALCOMM in the first quarter valued at approximately $3,104,000.
SWP Financial LLC acquired a new position in shares of QUALCOMM in the fourth quarter valued at approximately $593,000. Finally, Horizon Investment Services LLC purchased a new stake in QUALCOMM during the 1st quarter worth approximately $3,832,000. Institutional investors and hedge funds own 74.
35% of the company’s stock. About QUALCOMM ( Get Free Report ) 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. Read More Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter .
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