QUALCOMM Incorporated (NASDAQ:QCOM) EVP Alexander H. Rogers sold 438 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $56.29, for a total value of $24,655.02. Following the completion of the transaction, the executive vice president now owns 2,611 shares of the company’s stock, valued at approximately $146,973.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
QUALCOMM Incorporated (NASDAQ QCOM) traded up 1.32% during trading on Wednesday, reaching $56.16. The company had a trading volume of 7,542,228 shares. QUALCOMM Incorporated has a one year low of $50.84 and a one year high of $71.62. The company has a market capitalization of $82.97 billion, a PE ratio of 18.71 and a beta of 1.25. The firm’s 50 day moving average is $56.80 and its 200 day moving average is $58.43.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.29. QUALCOMM had a return on equity of 21.32% and a net margin of 19.25%. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that QUALCOMM Incorporated will post $4.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 26th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a yield of 4.06%. QUALCOMM’s dividend payout ratio is 76.00%.
A number of large investors have recently modified their holdings of QCOM. Sterling Global Strategies LLC increased its stake in shares of QUALCOMM by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 3,980 shares of the wireless technology company’s stock worth $259,000 after buying an additional 14 shares during the period. WealthTrust Axiom LLC increased its stake in shares of QUALCOMM by 0.3% in the first quarter. WealthTrust Axiom LLC now owns 5,804 shares of the wireless technology company’s stock worth $332,000 after buying an additional 15 shares during the period. Liberty Capital Management Inc. increased its stake in shares of QUALCOMM by 0.4% in the first quarter. Liberty Capital Management Inc. now owns 6,797 shares of the wireless technology company’s stock worth $390,000 after buying an additional 25 shares during the period. Mackenzie Financial Corp increased its stake in shares of QUALCOMM by 0.5% in the first quarter. Mackenzie Financial Corp now owns 5,705 shares of the wireless technology company’s stock worth $327,000 after buying an additional 30 shares during the period. Finally, Excalibur Management Corp increased its stake in shares of QUALCOMM by 0.7% in the first quarter. Excalibur Management Corp now owns 4,384 shares of the wireless technology company’s stock worth $251,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 77.99% of the company’s stock.
A number of research analysts have issued reports on the company. Standpoint Research upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Friday, April 28th. Mizuho restated a “buy” rating and issued a $68.00 price objective (down previously from $75.00) on shares of QUALCOMM in a research note on Saturday, April 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $54.00 price target on shares of QUALCOMM in a research note on Tuesday, May 2nd. Vetr downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $58.52 price target for the company. in a research note on Tuesday, May 2nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of QUALCOMM in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and a consensus target price of $64.52.
QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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