QUALCOMM Incorporated (NASDAQ:QCOM) EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total transaction of $521,830.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of QUALCOMM Incorporated (NASDAQ QCOM) traded up $0.25 on Thursday, hitting $65.23. 8,754,583 shares of the stock were exchanged, compared to its average volume of 11,392,799. The company has a market cap of $96,030.00, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.81 and a beta of 1.39. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 1 year low of $48.92 and a 1 year high of $70.24.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.22. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS. equities research analysts forecast that QUALCOMM Incorporated will post 3.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.50%. QUALCOMM’s payout ratio is 138.18%.
A number of equities analysts have recently commented on QCOM shares. Canaccord Genuity raised their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada raised their price objective on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Vetr lowered shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price objective for the company. in a research report on Monday, November 6th. Finally, Stifel Nicolaus lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and raised their price objective for the company from $65.00 to $75.00 in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $66.02.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Hellman Jordan Management Co. Inc. MA purchased a new position in shares of QUALCOMM in the third quarter worth $960,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in QUALCOMM by 2.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock valued at $1,330,946,000 after purchasing an additional 498,324 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in QUALCOMM during the 3rd quarter valued at $2,740,000. Public Employees Retirement System of Ohio increased its position in QUALCOMM by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,017,216 shares of the wireless technology company’s stock valued at $52,732,000 after purchasing an additional 3,839 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in QUALCOMM during the 3rd quarter valued at $536,000. Hedge funds and other institutional investors own 76.66% of the company’s stock.
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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