Investors bought shares of Qualcomm Inc. (NASDAQ:QCOM) on weakness during trading on Tuesday. $111.10 million flowed into the stock on the tick-up and $70.11 million flowed out of the stock on the tick-down, for a money net flow of $40.99 million into the stock. Of all equities tracked, Qualcomm had the 6th highest net in-flow for the day. Qualcomm traded down ($0.21) for the day and closed at $55.14

Several equities research analysts have commented on QCOM shares. Brean Capital reiterated a “buy” rating on shares of Qualcomm in a research report on Thursday, April 21st. Vetr lowered Qualcomm from a “strong-buy” rating to a “buy” rating and set a $58.17 target price on the stock. in a research report on Monday, March 21st. Pacific Crest reiterated a “buy” rating and set a $63.00 target price on shares of Qualcomm in a research report on Tuesday, April 19th. Credit Suisse Group AG reiterated a “buy” rating and set a $67.00 target price on shares of Qualcomm in a research report on Sunday, April 17th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $65.00 target price on shares of Qualcomm in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and nineteen have issued a buy rating to the stock. Qualcomm has a consensus rating of “Hold” and a consensus target price of $60.71.

The stock’s 50-day moving average price is $53.92 and its 200-day moving average price is $51.05. The company has a market cap of $81.00 billion and a price-to-earnings ratio of 17.39.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, August 29th. This represents a $2.12 annualized dividend and a yield of 3.84%.

In other Qualcomm news, EVP Cristiano R. Amon sold 6,887 shares of Qualcomm stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $51.51, for a total transaction of $354,749.37. Following the sale, the executive vice president now directly owns 1,204 shares of the company’s stock, valued at $62,018.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew S. Grob sold 10,000 shares of Qualcomm stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $55.25, for a total value of $552,500.00. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Thompson Investment Management Inc. increased its stake in Qualcomm by 2.9% in the fourth quarter. Thompson Investment Management Inc. now owns 124,102 shares of the wireless technology company’s stock worth $6,203,000 after buying an additional 3,515 shares during the last quarter. Leonard Capital Management Inc bought a new stake in Qualcomm during the fourth quarter worth $3,399,000. First Interstate Bank increased its stake in Qualcomm by 11.5% in the fourth quarter. First Interstate Bank now owns 105,781 shares of the wireless technology company’s stock worth $5,287,000 after buying an additional 10,888 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Qualcomm by 22.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 260,100 shares of the wireless technology company’s stock worth $13,002,000 after buying an additional 47,453 shares during the last quarter. Finally, Chemung Canal Trust Co. increased its stake in Qualcomm by 483.3% in the fourth quarter. Chemung Canal Trust Co. now owns 163,462 shares of the wireless technology company’s stock worth $8,171,000 after buying an additional 135,439 shares during the last quarter.

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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