A number of other research firms also recently commented on QCOM. Robert W. Baird boosted their target price on QUALCOMM from $200.00 to $250.00 in a research report on Friday, February 4th. Barclays reduced their price objective on QUALCOMM from $185.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Tigress Financial upped their target price on QUALCOMM from $195.00 to $238.00 in a research note on Thursday. Wells Fargo & Company cut their target price on QUALCOMM from $185.00 to $150.00 in a research note on Thursday, April 28th. Finally, Canaccord Genuity Group increased their price objective on QUALCOMM from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 3rd. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, QUALCOMM currently has a consensus rating of “Buy” and a consensus target price of $194.77.
NASDAQ:QCOM opened at $140.58 on Friday. The stock has a 50-day simple moving average of $147.61 and a two-hundred day simple moving average of $163.26. QUALCOMM has a 52-week low of $122.17 and a 52-week high of $193.58. The firm has a market capitalization of $157.45 billion, a PE ratio of 14.39, a P/E/G ratio of 0.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.27 and a current ratio of 1.61.
In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,100 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.05% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Centaurus Financial Inc. increased its holdings in QUALCOMM by 0.9% in the 4th quarter. Centaurus Financial Inc. now owns 6,566 shares of the wireless technology company’s stock valued at $1,201,000 after purchasing an additional 57 shares during the last quarter. Chase Investment Counsel Corp grew its stake in shares of QUALCOMM by 0.3% in the fourth quarter. Chase Investment Counsel Corp now owns 21,620 shares of the wireless technology company’s stock worth $3,953,000 after acquiring an additional 58 shares in the last quarter. Bank of Marin grew its stake in shares of QUALCOMM by 1.6% in the third quarter. Bank of Marin now owns 3,760 shares of the wireless technology company’s stock worth $485,000 after acquiring an additional 60 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in shares of QUALCOMM by 0.3% during the third quarter. OLD Second National Bank of Aurora now owns 21,442 shares of the wireless technology company’s stock worth $2,766,000 after purchasing an additional 60 shares in the last quarter. Finally, WealthPLAN Partners LLC grew its stake in shares of QUALCOMM by 2.8% during the third quarter. WealthPLAN Partners LLC now owns 2,212 shares of the wireless technology company’s stock worth $406,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 73.61% 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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