Qualcomm Inc. (NASDAQ:QCOM) Director Raymond V. Dittamore sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $68.39, for a total value of $1,231,020.00. Following the sale, the director now owns 5,813 shares in the company, valued at $397,551.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Qualcomm Inc. (NASDAQ:QCOM) opened at 66.68 on Wednesday. The company has a market cap of $98.26 billion, a price-to-earnings ratio of 19.53 and a beta of 1.25. Qualcomm Inc. has a 52 week low of $42.24 and a 52 week high of $70.40. The stock has a 50 day moving average price of $63.25 and a 200 day moving average price of $56.58.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 20th. The wireless technology company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.97 by $0.19. Qualcomm had a return on equity of 17.70% and a net margin of 22.64%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. Qualcomm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Qualcomm Inc. will post $4.28 earnings per share for the current year.

Insider Buying and Selling by Quarter for Qualcomm (NASDAQ:QCOM)

The company 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. The ex-dividend date was Monday, August 29th. This represents a $2.12 annualized dividend and a yield of 3.18%. Qualcomm’s payout ratio is 62.17%.

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Qualcomm by 0.8% in the first quarter. State Street Corp now owns 60,697,939 shares of the wireless technology company’s stock valued at $3,104,087,000 after buying an additional 468,777 shares during the last quarter. FMR LLC increased its position in Qualcomm by 9.2% in the second quarter. FMR LLC now owns 56,983,582 shares of the wireless technology company’s stock valued at $3,052,610,000 after buying an additional 4,823,120 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Qualcomm by 5.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,598,005 shares of the wireless technology company’s stock valued at $1,157,005,000 after buying an additional 1,086,071 shares during the last quarter. Primecap Management Co. CA increased its position in Qualcomm by 6.1% in the second quarter. Primecap Management Co. CA now owns 17,320,124 shares of the wireless technology company’s stock valued at $927,839,000 after buying an additional 989,199 shares during the last quarter. Finally, Orbis Allan Gray Ltd purchased a new position in Qualcomm during the first quarter valued at approximately $865,645,000. Institutional investors and hedge funds own 78.05% of the company’s stock.

A number of brokerages have weighed in on QCOM. Royal Bank Of Canada upped their price target on Qualcomm from $55.00 to $59.00 and gave the company an “outperform” rating in a research report on Thursday, July 21st. Nomura reiterated a “neutral” rating and issued a $55.00 price target on shares of Qualcomm in a research report on Thursday, July 21st. Stifel Nicolaus upped their price target on Qualcomm from $59.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Mizuho upped their price target on Qualcomm from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, July 21st. Finally, Sanford C. Bernstein reiterated a “hold” rating on shares of Qualcomm in a research report on Thursday, September 8th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Qualcomm has an average rating of “Buy” and a consensus price target of $63.98.

About Qualcomm

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.

5 Day Chart for NASDAQ:QCOM

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