QUALCOMM Incorporated (NASDAQ:QCOM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) have been given a consensus rating of “Hold” by the thirty research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $201.21.

A number of equities research analysts have recently weighed in on QCOM shares. Mizuho dropped their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Cantor Fitzgerald restated a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. Piper Sandler cut their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, TD Cowen lowered their target price on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 648 shares of the business’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $141.11, for a total transaction of $91,439.28. Following the sale, the chief financial officer now directly owns 56,445 shares in the company, valued at $7,964,953.95. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,666 shares of company stock valued at $5,047,052. 0.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Berkshire Bank grew its stake in shares of QUALCOMM by 5.9% in the first quarter. Berkshire Bank now owns 3,389 shares of the wireless technology company’s stock valued at $521,000 after buying an additional 188 shares in the last quarter. RS Crum Inc. grew its position in shares of QUALCOMM by 5.9% in the 1st quarter. RS Crum Inc. now owns 5,030 shares of the wireless technology company’s stock valued at $773,000 after acquiring an additional 280 shares during the period. Chicago Capital LLC increased its stake in shares of QUALCOMM by 5.3% during the 1st quarter. Chicago Capital LLC now owns 41,140 shares of the wireless technology company’s stock worth $6,320,000 after purchasing an additional 2,072 shares during the last quarter. Vivid Wealth Management LLC bought a new stake in shares of QUALCOMM in the 1st quarter valued at about $2,426,000. Finally, Inscription Capital LLC acquired a new stake in QUALCOMM in the 1st quarter valued at about $401,000. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Stock Up 0.6 %

Shares of NASDAQ:QCOM opened at $136.54 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $151.01 billion, a P/E ratio of 14.59, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM has a 12 month low of $120.80 and a 12 month high of $230.63. The company’s 50-day moving average price is $153.81 and its two-hundred day moving average price is $160.60.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, research analysts forecast that QUALCOMM will post 9.39 EPS for the current fiscal year.

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.