Qualcomm Inc. (NASDAQ:QCOM)’s share price hit a new 52-week high on Friday . The company traded as high as $63.70 and last traded at $63.35, with a volume of 3,196,662 shares. The stock had previously closed at $63.47.

A number of equities analysts recently weighed in on QCOM shares. Standpoint Research raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Thursday, August 25th. Bank of America Corp. reaffirmed a “buy” rating on shares of Qualcomm in a research note on Monday, July 18th. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Qualcomm in a research note on Sunday, July 24th. Canaccord Genuity lifted their price target on shares of Qualcomm from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $59.00 price target on shares of Qualcomm in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $61.84.

The company has a 50 day moving average of $61.37 and a 200-day moving average of $54.64. The company has a market capitalization of $93.36 billion and a PE ratio of 18.55.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 20th. The wireless technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.19. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Qualcomm Inc. will post $4.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, August 29th.

In other news, President Derek K. Aberle sold 22,653 shares of Qualcomm stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $61.95, for a total transaction of $1,403,353.35. Following the sale, the president now owns 69,234 shares in the company, valued at $4,289,046.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Matthew S. Grob sold 33,000 shares of Qualcomm stock in a transaction that occurred on Thursday, July 21st. The shares were 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.

Other large investors have made changes to their positions in the company. Mazama Capital Management Inc. acquired a new stake in shares of Qualcomm during the fourth quarter valued at $1,087,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Qualcomm by 4.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,282,511 shares of the wireless technology company’s stock valued at $264,047,000 after buying an additional 226,225 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Qualcomm by 9.0% in the fourth quarter. BlackRock Advisors LLC now owns 13,542,208 shares of the wireless technology company’s stock valued at $676,907,000 after buying an additional 1,112,807 shares in the last quarter. Employees Retirement System of Texas boosted its stake in shares of Qualcomm by 59.2% in the fourth quarter. Employees Retirement System of Texas now owns 693,800 shares of the wireless technology company’s stock valued at $34,680,000 after buying an additional 258,000 shares in the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in shares of Qualcomm by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 35,991 shares of the wireless technology company’s stock valued at $1,799,000 after buying an additional 674 shares in 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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