QUALCOMM (NASDAQ:QCOM) Trading Down 1.3% – Should You Sell?

QUALCOMM Incorporated (NASDAQ:QCOM)’s share price was down 1.3% on Monday . The stock traded as low as $147.42 and last traded at $146.58. Approximately 926,146 shares traded hands during trading, a decline of 90% from the average daily volume of 8,866,273 shares. The stock had previously closed at $148.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI cut their price objective 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. Mizuho reduced their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. TD Cowen decreased their target price on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Citigroup cut their price objective on shares of QUALCOMM from $185.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Barclays decreased their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM has a consensus rating of “Hold” and a consensus price target of $201.21.

QUALCOMM Trading Down 1.7 %

The stock has a market cap of $161.58 billion, a PE ratio of 15.62, a PEG ratio of 2.01 and a beta of 1.28. The business has a 50-day moving average of $150.11 and a 200 day moving average of $159.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

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

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.44%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 38.03%.

Insider Transactions at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now owns 20,762 shares in the company, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 648 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $141.11, for a total transaction of $91,439.28. Following the sale, the chief financial officer now directly owns 56,445 shares in the company, valued at approximately $7,964,953.95. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,666 shares of company stock valued at $5,047,052. 0.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of QUALCOMM during the fourth quarter worth about $26,000. Banque Transatlantique SA bought a new position in shares of QUALCOMM in the fourth quarter valued at $26,000. CKW Financial Group acquired a new position in shares of QUALCOMM during the 4th quarter worth about $27,000. WFA Asset Management Corp bought a new position in shares of QUALCOMM during the 1st quarter worth approximately $27,000. Finally, Centricity Wealth Management LLC bought a new position in QUALCOMM during the fourth quarter worth $29,000. 74.35% of the stock is currently owned by institutional investors.

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.