QUALCOMM Incorporated (NASDAQ:QCOM) General Counsel Sells $313,779.06 in Stock

QUALCOMM Incorporated (NASDAQ:QCOM) General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $165.91 on Wednesday. QUALCOMM Incorporated has a one year low of $118.38 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The company has a market cap of $184.82 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.66 and a beta of 1.28. The firm has a 50 day simple moving average of $168.53 and a 200 day simple moving average of $182.20.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is 44.04%.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Leelyn Smith LLC bought a new position in QUALCOMM in the 1st quarter valued at approximately $208,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of QUALCOMM by 1.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 21,150 shares of the wireless technology company’s stock worth $3,581,000 after purchasing an additional 267 shares during the last quarter. Nikko Asset Management Americas Inc. increased its holdings in QUALCOMM by 40.0% in the first quarter. Nikko Asset Management Americas Inc. now owns 4,725 shares of the wireless technology company’s stock valued at $800,000 after purchasing an additional 1,349 shares during the period. Proficio Capital Partners LLC raised its position in QUALCOMM by 3.7% during the 1st quarter. Proficio Capital Partners LLC now owns 4,062 shares of the wireless technology company’s stock worth $688,000 after purchasing an additional 146 shares during the last quarter. Finally, CapWealth Advisors LLC acquired a new position in QUALCOMM during the 1st quarter worth about $212,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on QCOM shares. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wolfe Research cut shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. HSBC lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research note on Wednesday, July 17th. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays boosted their price target on QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned 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 $207.29.

About QUALCOMM

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.