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.
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.
- Get a free copy of the StockNews.com research report on QUALCOMM (QCOM)
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