QUALCOMM, Inc. (NASDAQ:QCOM) EVP James H. Thompson sold 40,000 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $50.75, for a total value of $2,030,000.00. Following the completion of the transaction, the executive vice president now owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of QUALCOMM stock opened at $51.66 on Wednesday. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38. QUALCOMM, Inc. has a 1-year low of $48.56 and a 1-year high of $76.50. The stock has a market cap of $60.87 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The firm had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $0.98 EPS. The business’s revenue was down 21.3% compared to the same quarter last year. On average, sell-side analysts forecast that QUALCOMM, Inc. will post 3.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.48 dividend on an annualized basis and a yield of 4.80%. QUALCOMM’s payout ratio is currently 77.74%.

A number of institutional investors have recently modified their holdings of QCOM. Oregon Public Employees Retirement Fund grew its holdings in QUALCOMM by 9,505.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,612,696 shares of the wireless technology company’s stock worth $591,000 after acquiring an additional 33,262,770 shares during the period. Bank of New York Mellon Corp grew its holdings in QUALCOMM by 1,897,041.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,830,615 shares of the wireless technology company’s stock worth $1,500,428,000 after acquiring an additional 20,829,517 shares during the period. Morgan Stanley grew its holdings in QUALCOMM by 163.2% during the 3rd quarter. Morgan Stanley now owns 18,891,278 shares of the wireless technology company’s stock worth $1,360,740,000 after acquiring an additional 11,713,988 shares during the period. Point72 Asset Management L.P. acquired a new stake in QUALCOMM during the 3rd quarter worth about $357,926,000. Finally, Capital World Investors grew its holdings in QUALCOMM by 33.5% during the 3rd quarter. Capital World Investors now owns 18,580,637 shares of the wireless technology company’s stock worth $1,338,363,000 after acquiring an additional 4,662,437 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research cut QUALCOMM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. BMO Capital Markets restated a “market perform” rating on shares of QUALCOMM in a report on Thursday, January 31st. Stifel Nicolaus decreased their price objective on QUALCOMM from $62.00 to $58.00 and set a “hold” rating for the company in a report on Thursday, November 8th. Deutsche Bank decreased their price objective on QUALCOMM to $65.00 and set a “hold” rating for the company in a report on Thursday, November 8th. Finally, Cowen restated an “outperform” rating and issued a $70.00 price objective (down from $73.00) on shares of QUALCOMM in a report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $66.25.

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QUALCOMM Company Profile

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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