QUALCOMM Incorporated (NASDAQ:QCOM) Given Average Recommendation of “Moderate Buy” by Analysts

QUALCOMM Incorporated (NASDAQ:QCOM) has received a consensus recommendation of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $210.92.

Several research firms recently commented on QCOM. Rosenblatt Securities raised their target price on QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of QUALCOMM from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Barclays upped their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Evercore ISI raised their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $160.50 on Tuesday. The firm’s 50 day moving average is $168.35 and its two-hundred day moving average is $182.10. The firm has a market capitalization of $178.32 billion, a P/E ratio of 17.85, a PEG ratio of 2.70 and a beta of 1.28. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM has a 52 week low of $125.67 and a 52 week high of $230.63.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s payout ratio is presently 37.82%.

Insiders Place Their Bets

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. The trade was a 13.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of the transaction, the chief technology officer now owns 213,364 shares in the company, valued at $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,146 shares of company stock valued at $2,709,186. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Leelyn Smith LLC bought a new stake in shares of QUALCOMM during the 1st quarter valued at $208,000. Inspire Investing LLC bought a new position in QUALCOMM during the first quarter worth about $444,000. TD Asset Management Inc raised its position in shares of QUALCOMM by 15.1% in the 1st quarter. TD Asset Management Inc now owns 2,506,023 shares of the wireless technology company’s stock valued at $424,270,000 after acquiring an additional 328,494 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of QUALCOMM by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,268,459 shares of the wireless technology company’s stock valued at $214,750,000 after buying an additional 92,025 shares during the period. Finally, Angeles Wealth Management LLC increased its position in shares of QUALCOMM by 17.3% in the 1st quarter. Angeles Wealth Management LLC now owns 5,036 shares of the wireless technology company’s stock valued at $853,000 after buying an additional 742 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.