QUALCOMM Incorporated (NASDAQ:QCOM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $210.15.

QCOM has been the subject of a number of analyst reports. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Sanford C. Bernstein increased their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Evercore ISI increased their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th.

Insider Buying and Selling at QUALCOMM

In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now owns 213,364 shares in the company, valued at $36,229,207.20. This trade represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the transaction, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,450 shares of company stock worth $3,395,926. 0.08% of the stock is owned by company insiders.

Institutional Trading of QUALCOMM

Large investors have recently added to or reduced their stakes in the business. HWG Holdings LP bought a new stake in QUALCOMM during the second quarter worth approximately $30,000. Reston Wealth Management LLC bought a new stake in QUALCOMM during the third quarter worth approximately $26,000. Financial Connections Group Inc. acquired a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Aspect Partners LLC boosted its stake in QUALCOMM by 71.8% in the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock worth $35,000 after purchasing an additional 74 shares during the period. Finally, Planning Capital Management Corp boosted its stake in QUALCOMM by 137.3% in the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 114 shares during the period. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $159.51 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The firm has a 50-day moving average of $166.15 and a two-hundred day moving average of $179.89. The stock has a market cap of $177.22 billion, a P/E ratio of 17.74, a PEG ratio of 2.72 and a beta of 1.25. QUALCOMM has a 1-year low of $130.39 and a 1-year high of $230.63.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.13%. QUALCOMM’s payout ratio is currently 37.82%.

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.