QUALCOMM Incorporated (NASDAQ:QCOM) Receives $202.64 Consensus Target Price from Analysts

QUALCOMM Incorporated (NASDAQ:QCOM) has earned a consensus recommendation of “Hold” from the thirty ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $201.21.

A number of brokerages have recently weighed in on QCOM. TD Cowen dropped their price objective on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Piper Sandler decreased their target price on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Evercore ISI cut their target price on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Finally, Barclays reduced their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th.

Insider Activity at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the sale, the chief financial officer now directly owns 63,115 shares of the company’s stock, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,666 shares of company stock worth $5,047,052. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of QUALCOMM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in QUALCOMM during the 4th quarter worth approximately $26,000. Banque Transatlantique SA purchased a new position in QUALCOMM during the 4th quarter worth $26,000. CKW Financial Group acquired a new stake in QUALCOMM in the fourth quarter valued at about $27,000. WFA Asset Management Corp purchased a new stake in shares of QUALCOMM in the first quarter valued at approximately $27,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth $29,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Down 0.4 %

QUALCOMM stock opened at $138.60 on Friday. QUALCOMM has a twelve month low of $120.80 and a twelve month high of $230.63. The business has a fifty day moving average of $155.15 and a two-hundred day moving average of $161.00. The firm has a market cap of $153.29 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, analysts forecast that QUALCOMM will post 9.39 earnings per share for the current fiscal year.

About QUALCOMM

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.