QUALCOMM Incorporated (NASDAQ:QCOM) CAO Sells $110,680.96 in Stock

QUALCOMM Incorporated (NASDAQ:QCOMGet Free Report) CAO Neil Martin sold 689 shares of QUALCOMM stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $160.64, for a total value of $110,680.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Neil Martin also recently made the following trade(s):

  • On Wednesday, February 21st, Neil Martin sold 371 shares of QUALCOMM stock. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93.

QUALCOMM Stock Up 4.7 %

QCOM stock opened at $175.72 on Friday. The firm has a market cap of $196.10 billion, a PE ratio of 25.47, a P/E/G ratio of 2.29 and a beta of 1.41. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $177.59. 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 has a 50 day simple moving average of $149.54 and a 200 day simple moving average of $130.17.

QUALCOMM (NASDAQ:QCOMGet Free Report) last announced its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.43. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. Equities research analysts forecast that QUALCOMM Incorporated will post 7.67 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.82%. QUALCOMM’s payout ratio is currently 46.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler increased their target price on QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. reduced their price objective on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Morgan Stanley downgraded shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $119.00 to $132.00 in a report on Friday, December 8th. Barclays increased 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. Finally, StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.71.

Read Our Latest Report on QUALCOMM

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of QUALCOMM by 0.4% in the third quarter. Vanguard Group Inc. now owns 110,717,388 shares of the wireless technology company’s stock worth $12,296,273,000 after acquiring an additional 483,390 shares during the last quarter. BlackRock Inc. increased its position in QUALCOMM by 1.4% in the 2nd quarter. BlackRock Inc. now owns 85,088,444 shares of the wireless technology company’s stock worth $10,128,928,000 after purchasing an additional 1,191,089 shares during the last quarter. State Street Corp raised its stake in shares of QUALCOMM by 1.1% during the 2nd quarter. State Street Corp now owns 49,042,212 shares of the wireless technology company’s stock worth $5,837,985,000 after purchasing an additional 549,861 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of QUALCOMM by 8.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,336,496 shares of the wireless technology company’s stock valued at $3,664,418,000 after buying an additional 1,909,025 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in QUALCOMM by 117,461.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company’s stock valued at $2,703,193,000 after acquiring an additional 24,566,978 shares in the last quarter. 71.10% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Company Profile

(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.

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