QUALCOMM Incorporated (NASDAQ:QCOM) Receives $210.92 Consensus Price Target from Brokerages

QUALCOMM Incorporated (NASDAQ:QCOM) has received an average recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $210.92.

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lowered their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. DZ Bank upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Benchmark restated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research note on Thursday, November 7th.

Insider Buying and Selling at QUALCOMM

In related news, insider Alexander H. Rogers sold 3,245 shares of QUALCOMM stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total value of $539,156.75. Following the sale, the insider now owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. This trade represents a 9.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,146 shares of company stock valued at $2,709,186. Corporate insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On QUALCOMM

Several large investors have recently bought and sold shares of QCOM. B&L Asset Management LLC purchased a new stake in shares of QUALCOMM during the third quarter worth $632,000. Erste Asset Management GmbH purchased a new stake in QUALCOMM during the 3rd quarter valued at about $15,657,000. Semmax Financial Advisors Inc. lifted its stake in QUALCOMM by 57.8% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 10,600 shares of the wireless technology company’s stock worth $1,732,000 after purchasing an additional 3,884 shares in the last quarter. ARGA Investment Management LP boosted its holdings in shares of QUALCOMM by 18.8% during the 3rd quarter. ARGA Investment Management LP now owns 6,338 shares of the wireless technology company’s stock worth $1,078,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in shares of QUALCOMM by 925.7% in the third quarter. Edgestream Partners L.P. now owns 44,073 shares of the wireless technology company’s stock valued at $7,495,000 after purchasing an additional 39,776 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $163.97 on Tuesday. The firm has a market capitalization of $182.17 billion, a PE ratio of 18.25, a PEG ratio of 2.75 and a beta of 1.28. The stock’s fifty day moving average is $168.29 and its 200 day moving average is $182.29. QUALCOMM has a fifty-two week low of $125.67 and a fifty-two week high of $230.63. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 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.