QUALCOMM (NASDAQ:QCOM) Given Neutral Rating at Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of QUALCOMM (NASDAQ:QCOM) in a research report released on Thursday, Benzinga reports. They currently have a $190.00 price target on the wireless technology company’s stock.

Several other equities analysts have also recently issued reports on QCOM. Barclays lifted their price objective on QUALCOMM from $140.00 to $155.00 and gave the stock an overweight rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. lowered their target price on QUALCOMM from $173.00 to $170.00 and set an overweight rating on the stock in a report on Thursday, February 1st. Susquehanna lifted their price objective on QUALCOMM from $175.00 to $205.00 and gave the stock a positive rating in a research report on Wednesday, April 10th. HSBC lifted their price target on shares of QUALCOMM from $170.00 to $190.00 and gave the stock a buy rating in a report on Tuesday, April 30th. Finally, Piper Sandler raised their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, QUALCOMM has a consensus rating of Moderate Buy and an average target price of $179.36.

QUALCOMM Stock Performance

QCOM traded up $1.53 during trading on Thursday, reaching $181.17. The company’s stock had a trading volume of 521,773 shares, compared to its average volume of 8,659,256. QUALCOMM has a 52-week low of $101.47 and a 52-week high of $183.19. The company’s fifty day moving average price is $167.69 and its 200-day moving average price is $147.08. The company has a market capitalization of $202.19 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be paid a $0.85 dividend. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, May 30th. This represents a $3.40 annualized dividend and a dividend yield of 1.88%. QUALCOMM’s payout ratio is 43.01%.

Insider Buying and Selling

In related news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $182.00, for a total value of $1,456,000.00. Following the completion of the sale, the chief technology officer now directly owns 253,893 shares of the company’s stock, valued at $46,208,526. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at $103,232.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $182.00, for a total value of $1,456,000.00. Following the transaction, the chief technology officer now directly owns 253,893 shares of the company’s stock, valued at $46,208,526. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,260 shares of company stock worth $7,429,728. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QUALCOMM

A number of institutional investors have recently added to or reduced their stakes in QCOM. Vanguard Group Inc. lifted its position in shares of QUALCOMM by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 110,717,388 shares of the wireless technology company’s stock valued at $12,296,273,000 after acquiring an additional 483,390 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of QUALCOMM by 8.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,336,496 shares of the wireless technology company’s stock valued at $3,664,418,000 after acquiring an additional 1,909,025 shares during the last quarter. Morgan Stanley lifted its position in shares of QUALCOMM by 2.2% during the 3rd quarter. Morgan Stanley now owns 20,767,489 shares of the wireless technology company’s stock valued at $2,306,438,000 after acquiring an additional 438,660 shares during the last quarter. Norges Bank acquired a new stake in shares of QUALCOMM during the 4th quarter valued at $2,507,978,000. Finally, Northern Trust Corp lifted its holdings in shares of QUALCOMM by 3.5% in the third quarter. Northern Trust Corp now owns 12,291,482 shares of the wireless technology company’s stock valued at $1,365,092,000 after purchasing an additional 415,398 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Company Profile

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.