Susquehanna Lowers QUALCOMM (NASDAQ:QCOM) Price Target to $165.00

QUALCOMM (NASDAQ:QCOM – Get Rating) had its price objective decreased by Susquehanna from $190.00 to $165.00 in a research report issued on Thursday, The Fly reports. Susquehanna’s target price suggests a potential upside of 22.13% from the stock’s previous close.

A number of other research analysts have also issued reports on QCOM. Morgan Stanley boosted their target price on shares of QUALCOMM from $167.00 to $170.00 in a research note on Thursday. Susquehanna Bancshares reiterated a “hold” rating and issued a $190.00 target price on shares of QUALCOMM in a report on Thursday, February 3rd. Canaccord Genuity Group boosted their price target on shares of QUALCOMM from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 3rd. Barclays lowered their price objective on shares of QUALCOMM from $185.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Raymond James boosted their price objective on shares of QUALCOMM from $190.00 to $222.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 3rd. Ten research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $194.04.

QUALCOMM stock opened at $135.10 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.65 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $150.91 and a two-hundred day moving average price of $162.47. The firm has a market capitalization of $151.31 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.80 and a beta of 1.21. QUALCOMM has a 52-week low of $122.17 and a 52-week high of $193.58.

QUALCOMM (NASDAQ:QCOM – Get Rating) last posted its earnings results on Wednesday, April 27th. The wireless technology company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.53. QUALCOMM had a net margin of 27.71% and a return on equity of 104.90%. During the same quarter last year, the business posted $1.59 earnings per share. Research analysts expect that QUALCOMM will post 10.6 earnings per share for the current year.

In related news, CFO Akash J. Palkhiwala sold 3,100 shares of the company’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $179.83, for a total transaction of $557,473.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC acquired a new position in shares of QUALCOMM in the 1st quarter valued at $28,000. Carroll Investors Inc acquired a new position in shares of QUALCOMM in the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of QUALCOMM in the 4th quarter valued at $34,000. Ten Capital Wealth Advisors LLC raised its stake in shares of QUALCOMM by 263.2% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 276 shares of the wireless technology company’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in shares of QUALCOMM in the 3rd quarter valued at $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.

See Also