Insider Selling: QUALCOMM Incorporated (NASDAQ:QCOM) Insider Sells 10,373 Shares of Stock

QUALCOMM Incorporated (NASDAQ:QCOM) insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the sale, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. The trade was a 23.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

QUALCOMM Price Performance

Shares of QCOM opened at $159.83 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $134.94 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The company has a market capitalization of $177.57 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.67 and a beta of 1.25. The business’s 50-day moving average is $165.56 and its 200-day moving average is $178.65.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.13%. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Analyst Ratings Changes

Several research firms recently commented on QCOM. TD Cowen upgraded QUALCOMM to a “strong-buy” rating in a research report on Monday, September 16th. Benchmark reissued a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a report on Thursday, November 7th. Evercore ISI upped their price objective on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Cantor Fitzgerald reissued a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research note on Wednesday, November 20th. Finally, Loop Capital initiated coverage on shares of QUALCOMM in a report on Monday, November 11th. They issued a “hold” rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.00.

Institutional Investors Weigh In On QUALCOMM

A number of hedge funds and other institutional investors have recently made changes to their positions in QCOM. Macroview Investment Management LLC raised its position in QUALCOMM by 10.5% during the second quarter. Macroview Investment Management LLC now owns 600 shares of the wireless technology company’s stock valued at $119,000 after acquiring an additional 57 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in shares of QUALCOMM by 43.2% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company’s stock worth $40,000 after purchasing an additional 60 shares during the last quarter. Paulson Wealth Management Inc. raised its holdings in shares of QUALCOMM by 2.2% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,791 shares of the wireless technology company’s stock valued at $475,000 after purchasing an additional 61 shares in the last quarter. Tranquility Partners LLC lifted its stake in shares of QUALCOMM by 2.1% in the 2nd quarter. Tranquility Partners LLC now owns 3,044 shares of the wireless technology company’s stock valued at $606,000 after purchasing an additional 62 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its holdings in QUALCOMM by 0.5% in the second quarter. Institute for Wealth Management LLC. now owns 13,843 shares of the wireless technology company’s stock worth $2,757,000 after purchasing an additional 64 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other 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.