Traders sold shares of Qualcomm Inc. (NASDAQ:QCOM) on strength during trading hours on Thursday. $321.53 million flowed into the stock on the tick-up and $406.11 million flowed out of the stock on the tick-down, for a money net flow of $84.58 million out of the stock. Of all companies tracked, Qualcomm had the 0th highest net out-flow for the day. Qualcomm traded up $4.11 for the day and closed at $59.93

Several analysts recently commented on the company. Credit Suisse Group AG reaffirmed a “buy” rating and set a $67.00 target price on shares of Qualcomm in a report on Sunday, April 17th. Rosenblatt Securities lowered Qualcomm from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a report on Thursday, April 21st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Qualcomm in a report on Saturday, April 23rd. Raymond James Financial Inc. reaffirmed a “hold” rating on shares of Qualcomm in a report on Saturday, April 23rd. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Qualcomm in a report on Saturday, April 23rd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Qualcomm presently has an average rating of “Buy” and an average price target of $61.80.

The firm has a market cap of $90.07 billion and a P/E ratio of 17.92. The stock has a 50-day moving average of $54.27 and a 200-day moving average of $51.23.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 20th. The wireless technology company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.19. During the same quarter last year, the firm earned $0.99 earnings per share. The firm earned $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Qualcomm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Qualcomm Inc. will post $4.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 31st will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.12 dividend on an annualized basis and a yield of 3.47%.

In other news, EVP Matthew S. Grob sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $55.25, for a total transaction of $552,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Matthew S. Grob sold 33,000 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $59.85, for a total transaction of $1,975,050.00. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the company. Conning Inc. raised its position in shares of Qualcomm by 4.6% in the fourth quarter. Conning Inc. now owns 476,426 shares of the wireless technology company’s stock worth $23,814,000 after buying an additional 20,944 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Qualcomm by 4.3% in the fourth quarter. TD Asset Management Inc. now owns 1,558,383 shares of the wireless technology company’s stock worth $77,895,000 after buying an additional 64,433 shares during the last quarter. Leisure Capital Management raised its position in shares of Qualcomm by 4.7% in the fourth quarter. Leisure Capital Management now owns 30,037 shares of the wireless technology company’s stock worth $1,501,000 after buying an additional 1,338 shares during the last quarter. Mutual of Omaha Bank Wealth Management raised its position in shares of Qualcomm by 2.5% in the fourth quarter. Mutual of Omaha Bank Wealth Management now owns 126,174 shares of the wireless technology company’s stock worth $6,306,000 after buying an additional 3,040 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Qualcomm by 7.8% in the fourth quarter. LSV Asset Management now owns 3,571,020 shares of the wireless technology company’s stock worth $178,497,000 after buying an additional 258,740 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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