Derek K. Aberle Sells 15,000 Shares of Qualcomm Inc. (QCOM) Stock
Qualcomm Inc. (NASDAQ:QCOM) President Derek K. Aberle sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $63.55, for a total transaction of $953,250.00. Following the completion of the transaction, the president now owns 33,631 shares of the company’s stock, valued at $2,137,250.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Derek K. Aberle also recently made the following trade(s):
- On Wednesday, August 31st, Derek K. Aberle sold 20,874 shares of Qualcomm stock. The stock was sold at an average price of $62.81, for a total transaction of $1,311,095.94.
Qualcomm Inc. (NASDAQ:QCOM) opened at 67.45 on Friday. Qualcomm Inc. has a 52-week low of $42.24 and a 52-week high of $68.83. The firm has a market capitalization of $99.40 billion, a price-to-earnings ratio of 19.75 and a beta of 1.22. The stock’s 50 day moving average price is $62.78 and its 200 day moving average price is $56.17.
Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 20th. The wireless technology company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.19. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Qualcomm had a return on equity of 17.70% and a net margin of 22.64%. Qualcomm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. On average, equities analysts anticipate that Qualcomm Inc. will post $4.30 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Monday, August 29th. Qualcomm’s dividend payout ratio (DPR) is presently 62.17%.
QCOM has been the subject of a number of research analyst reports. Vetr raised shares of Qualcomm from a “buy” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research report on Monday. Zacks Investment Research lowered shares of Qualcomm from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Standpoint Research raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Thursday, August 25th. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price target on shares of Qualcomm in a research report on Thursday, September 22nd. Finally, Bank of America Corp. reissued a “buy” rating on shares of Qualcomm in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $62.08.
Hedge funds have recently added to or reduced their stakes in the stock. Boston Advisors LLC raised its stake in Qualcomm by 12.1% in the first quarter. Boston Advisors LLC now owns 292,586 shares of the wireless technology company’s stock valued at $14,963,000 after buying an additional 31,466 shares during the period. Narwhal Capital Management raised its stake in Qualcomm by 18.0% in the first quarter. Narwhal Capital Management now owns 19,695 shares of the wireless technology company’s stock valued at $1,007,000 after buying an additional 3,010 shares during the period. Delta Capital Management LLC raised its stake in Qualcomm by 28.6% in the first quarter. Delta Capital Management LLC now owns 38,235 shares of the wireless technology company’s stock valued at $1,955,000 after buying an additional 8,495 shares during the period. Kelman Lazarov Inc. acquired a new stake in Qualcomm during the first quarter valued at $476,000. Finally, Montrusco Bolton Investments Inc. raised its stake in Qualcomm by 32.2% in the first quarter. Montrusco Bolton Investments Inc. now owns 9,975 shares of the wireless technology company’s stock valued at $510,000 after buying an additional 2,430 shares during the period. 78.05% of the stock is currently owned by institutional investors and hedge funds.
Qualcomm Company Profile
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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