QUALCOMM, Inc. (NASDAQ:QCOM) President Cristiano R. Amon sold 13,466 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $60.00, for a total value of $807,960.00. Following the sale, the president now owns 37,614 shares of the company’s stock, valued at $2,256,840. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ QCOM traded up $2.06 during midday trading on Friday, hitting $85.84. The stock had a trading volume of 15,880,945 shares, compared to its average volume of 33,557,716. The company has a market cap of $101.85 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.85 and a beta of 1.45. QUALCOMM, Inc. has a 1 year low of $49.10 and a 1 year high of $90.34. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.55 and a quick ratio of 1.39.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, May 1st. The wireless technology company reported $0.61 EPS for the quarter, topping 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 firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that QUALCOMM, Inc. will post 3.32 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in QCOM. Impala Asset Management LLC acquired a new stake in QUALCOMM during the first quarter worth $9,553,000. Jennison Associates LLC grew its stake in shares of QUALCOMM by 2.4% in the first quarter. Jennison Associates LLC now owns 1,394,292 shares of the wireless technology company’s stock valued at $79,516,000 after buying an additional 32,648 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of QUALCOMM by 2.7% in the first quarter. Rockefeller Capital Management L.P. now owns 100,229 shares of the wireless technology company’s stock valued at $5,716,000 after buying an additional 2,652 shares in the last quarter. Princeton Portfolio Strategies Group LLC grew its stake in shares of QUALCOMM by 14.2% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 32,517 shares of the wireless technology company’s stock valued at $1,854,000 after buying an additional 4,041 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake in shares of QUALCOMM by 339.1% in the first quarter. Evergreen Capital Management LLC now owns 44,028 shares of the wireless technology company’s stock valued at $2,511,000 after buying an additional 34,001 shares in the last quarter. Hedge funds and other institutional investors own 83.44% of the company’s stock.
QCOM has been the subject of a number of analyst reports. Barclays restated a “buy” rating and set a $70.00 price objective on shares of QUALCOMM in a research note on Friday, January 18th. Raymond James set a $65.00 price target on QUALCOMM and gave the company a “buy” rating in a research note on Saturday, February 2nd. BMO Capital Markets reiterated a “market perform” rating on shares of QUALCOMM in a research note on Thursday, January 31st. Mizuho reiterated a “buy” rating and issued a $82.00 price target (up from $62.00) on shares of QUALCOMM in a research note on Wednesday, April 17th. Finally, BidaskClub upgraded QUALCOMM from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $83.09.
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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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