QUALCOMM (NASDAQ:QCOM) PT Lowered to $160.00

QUALCOMM (NASDAQ:QCOMGet Rating) had its price target decreased by investment analysts at Barclays from $185.00 to $160.00 in a research note issued to investors on Monday, The Fly reports. Barclays‘s target price would suggest a potential upside of 20.47% from the stock’s previous close.

QCOM has been the topic of a number of other research reports. Citigroup lifted their price objective on shares of QUALCOMM from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 3rd. KeyCorp cut their price objective on shares of QUALCOMM from $230.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 12th. Mizuho cut their price objective on shares of QUALCOMM from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. Sumitomo Mitsui Financial Group downgraded shares of QUALCOMM from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $215.00 to $155.00 in a research report on Monday, April 18th. Finally, Zacks Investment Research downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research report on Wednesday, April 6th. Nine research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $198.76.

NASDAQ:QCOM opened at $132.81 on Monday. QUALCOMM has a one year low of $122.17 and a one year high of $193.58. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.33 and a current ratio of 1.65. The firm has a market cap of $148.75 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.80 and a beta of 1.21. The firm has a 50-day simple moving average of $153.06 and a 200-day simple moving average of $162.80.

QUALCOMM (NASDAQ:QCOMGet Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The wireless technology company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.77 by $0.19. QUALCOMM had a net margin of 27.71% and a return on equity of 104.90%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.43 billion. During the same quarter in the previous year, the business posted $1.97 EPS. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, research analysts predict that QUALCOMM will post 10.6 EPS for the current fiscal year.

In related news, CFO Akash J. Palkhiwala sold 3,100 shares of the business’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $179.83, for a total value of $557,473.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.05% of the company’s stock.

A number of large investors have recently bought and sold shares of QCOM. Joseph P. Lucia & Associates LLC acquired a new position in QUALCOMM during the first quarter worth $28,000. Carroll Investors Inc acquired a new position in QUALCOMM during the fourth quarter worth $28,000. Rise Advisors LLC acquired a new position in QUALCOMM during the fourth quarter worth $34,000. Ten Capital Wealth Advisors LLC raised its position in QUALCOMM by 263.2% during the third quarter. Ten Capital Wealth Advisors LLC now owns 276 shares of the wireless technology company’s stock worth $36,000 after acquiring an additional 200 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in QUALCOMM during the third quarter worth $36,000. Institutional investors own 72.78% of the company’s stock.

QUALCOMM Company Profile (Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

Further Reading

The Fly logo

Analyst Recommendations for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.