Brokerages Set QUALCOMM Incorporated (NASDAQ:QCOM) PT at $206.57

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) have received a consensus recommendation of “Moderate Buy” from the thirty research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $206.57.

A number of equities research analysts have commented on the company. Evercore ISI increased their target price on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. KeyCorp lowered QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Citigroup dropped their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target for the company. Finally, Mizuho cut their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th.

QUALCOMM Stock Up 0.0 %

QUALCOMM stock opened at $171.19 on Friday. The firm has a market capitalization of $190.19 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM has a fifty-two week low of $139.26 and a fifty-two week high of $230.63. The stock’s fifty day moving average is $159.63 and its two-hundred day moving average is $167.07.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. Analysts predict that QUALCOMM will post 9.14 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 37.82%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QCOM. Angeles Wealth Management LLC raised its stake in QUALCOMM by 10.6% during the fourth quarter. Angeles Wealth Management LLC now owns 10,795 shares of the wireless technology company’s stock worth $1,658,000 after acquiring an additional 1,036 shares during the period. Activest Wealth Management increased its position in QUALCOMM by 73.2% in the fourth quarter. Activest Wealth Management now owns 317 shares of the wireless technology company’s stock worth $49,000 after buying an additional 134 shares during the period. V2 Financial group LLC boosted its holdings in shares of QUALCOMM by 24.0% during the fourth quarter. V2 Financial group LLC now owns 1,550 shares of the wireless technology company’s stock valued at $238,000 after acquiring an additional 300 shares during the period. Wilsey Asset Management Inc. bought a new stake in QUALCOMM in the 4th quarter valued at about $452,000. Finally, Stiles Financial Services Inc grew its position in QUALCOMM by 5.8% in the 4th quarter. Stiles Financial Services Inc now owns 27,231 shares of the wireless technology company’s stock worth $4,184,000 after purchasing an additional 1,492 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

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.