QUALCOMM, Inc. (NASDAQ:QCOM) EVP Donald J. Rosenberg sold 7,141 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $84.56, for a total value of $603,842.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of QCOM opened at $83.89 on Tuesday. QUALCOMM, Inc. has a twelve month low of $49.10 and a twelve month high of $90.34. The company has a market capitalization of $101.85 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.45. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.39 and a current ratio of 1.55.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, May 1st. The wireless technology company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. QUALCOMM had a return on equity of 56.69% and a net margin of 11.57%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts expect that QUALCOMM, Inc. will post 3.32 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. ACG Wealth lifted its position in shares of QUALCOMM by 2.6% during the 1st quarter. ACG Wealth now owns 7,749 shares of the wireless technology company’s stock valued at $442,000 after acquiring an additional 197 shares during the period. Mathes Company Inc. lifted its position in shares of QUALCOMM by 190.0% during the 4th quarter. Mathes Company Inc. now owns 8,700 shares of the wireless technology company’s stock valued at $495,000 after acquiring an additional 5,700 shares during the period. Conning Inc. lifted its position in shares of QUALCOMM by 5.7% during the 1st quarter. Conning Inc. now owns 826,550 shares of the wireless technology company’s stock valued at $47,138,000 after acquiring an additional 44,907 shares during the period. World Asset Management Inc lifted its position in shares of QUALCOMM by 18.5% during the 1st quarter. World Asset Management Inc now owns 91,562 shares of the wireless technology company’s stock valued at $5,222,000 after acquiring an additional 14,322 shares during the period. Finally, Epstein & White Financial LLC lifted its position in shares of QUALCOMM by 34.4% during the 4th quarter. Epstein & White Financial LLC now owns 9,752 shares of the wireless technology company’s stock valued at $555,000 after acquiring an additional 2,495 shares during the period. Institutional investors own 83.44% of the company’s stock.
QCOM has been the topic of a number of research reports. Barclays reissued a “buy” rating and set a $70.00 price target on shares of QUALCOMM in a report on Friday, January 18th. Raymond James set a $65.00 price target on QUALCOMM and gave the stock a “buy” rating in a report on Saturday, February 2nd. BMO Capital Markets reissued a “market perform” rating on shares of QUALCOMM in a report on Thursday, January 31st. Mizuho reissued a “buy” rating and set a $82.00 price target (up previously from $62.00) on shares of QUALCOMM in a report on Wednesday, April 17th. Finally, BidaskClub raised QUALCOMM from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. QUALCOMM presently has an average rating of “Buy” and a consensus price target of $83.09.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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