QUALCOMM (NASDAQ:QCOM) Stock Price Down 0.4% – Time to Sell?

QUALCOMM Incorporated (NASDAQ:QCOM)’s stock price traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $160.20 and last traded at $160.41. 2,576,806 shares were traded during mid-day trading, a decline of 67% from the average session volume of 7,691,984 shares. The stock had previously closed at $161.10.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Mizuho dropped their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Benchmark reissued a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Morgan Stanley decreased their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Melius Research started coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The stock has a market capitalization of $178.89 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.01 and a beta of 1.25. The firm’s fifty day simple moving average is $164.52 and its 200 day simple moving average is $165.81.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.10%. QUALCOMM’s payout ratio is currently 36.32%.

Insiders Place Their Bets

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 744 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,708 shares of company stock valued at $7,713,734 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. lifted its holdings in shares of QUALCOMM by 15.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 769 shares of the wireless technology company’s stock worth $131,000 after acquiring an additional 102 shares during the last quarter. Modera Wealth Management LLC lifted its stake in shares of QUALCOMM by 1.0% in the 3rd quarter. Modera Wealth Management LLC now owns 17,679 shares of the wireless technology company’s stock valued at $3,006,000 after purchasing an additional 173 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of QUALCOMM by 14.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 14,262 shares of the wireless technology company’s stock worth $2,425,000 after buying an additional 1,781 shares during the period. FCG Investment Co bought a new stake in shares of QUALCOMM in the 3rd quarter worth approximately $1,799,000. Finally, Gemmer Asset Management LLC raised its position in shares of QUALCOMM by 193.7% in the 3rd quarter. Gemmer Asset Management LLC now owns 11,840 shares of the wireless technology company’s stock worth $2,013,000 after purchasing an additional 7,809 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

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.