QUALCOMM Incorporated (NASDAQ:QCOM) CTO James H. Thompson Sells 8,000 Shares of Stock

QUALCOMM Incorporated (NASDAQ:QCOMGet Free Report) CTO James H. Thompson sold 8,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $168.27, for a total transaction of $1,346,160.00. Following the completion of the transaction, the chief technology officer now owns 261,893 shares of the company’s stock, valued at approximately $44,068,735.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

QUALCOMM Price Performance

QCOM opened at $171.04 on Wednesday. The company’s 50 day simple moving average is $158.85 and its 200 day simple moving average is $137.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $177.59. The stock has a market capitalization of $190.88 billion, a PE ratio of 24.79, a P/E/G ratio of 2.31 and a beta of 1.41.

QUALCOMM (NASDAQ:QCOMGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 7.67 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.20 annualized dividend and a yield of 1.87%. QUALCOMM’s dividend payout ratio is currently 46.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QCOM shares. Citigroup downgraded shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Thursday, February 1st. Rosenblatt Securities raised their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Canaccord Genuity Group raised their target price on shares of QUALCOMM from $152.00 to $175.00 and gave the company a “buy” rating in a report on Friday, January 19th. JPMorgan Chase & Co. dropped their target price on shares of QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Finally, Barclays raised their price target on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.71.

View Our Latest Stock Analysis on QCOM

Institutional Investors Weigh In On QUALCOMM

Several institutional investors have recently bought and sold shares of the business. Symmetry Partners LLC grew its stake in QUALCOMM by 7.2% during the first quarter. Symmetry Partners LLC now owns 9,133 shares of the wireless technology company’s stock worth $1,546,000 after buying an additional 611 shares during the period. General Partner Inc. grew its stake in QUALCOMM by 7.8% during the first quarter. General Partner Inc. now owns 2,450 shares of the wireless technology company’s stock worth $415,000 after buying an additional 177 shares during the period. Newbridge Financial Services Group Inc. grew its stake in QUALCOMM by 19.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,304 shares of the wireless technology company’s stock worth $478,000 after buying an additional 533 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth $4,628,000. Finally, Livelsberger Financial Advisory bought a new position in shares of QUALCOMM during the fourth quarter worth about $46,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Stories

Insider Buying and Selling by Quarter for QUALCOMM (NASDAQ:QCOM)

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.