QUALCOMM (NASDAQ:QCOM) PT Set at $185.00 by Cowen

Cowen set a $185.00 price objective on QUALCOMM (NASDAQ:QCOMGet Rating) in a report published on Tuesday morning, Stock Target Advisor reports.

QCOM has been the subject of a number of other research reports. Susquehanna dropped their price objective on QUALCOMM from $190.00 to $165.00 in a research note on Thursday, April 28th. KeyCorp increased their price objective on QUALCOMM from $200.00 to $220.00 in a research note on Monday, June 13th. Piper Sandler dropped their price objective on QUALCOMM from $225.00 to $190.00 in a research note on Thursday, April 28th. Susquehanna Bancshares dropped their price objective on QUALCOMM from $190.00 to $165.00 in a research note on Thursday, April 28th. Finally, Mizuho dropped their price objective on QUALCOMM from $185.00 to $168.00 and set a buy rating for the company in a research note on Tuesday, June 21st. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $194.69.

QUALCOMM Stock Up 4.0 %

Shares of NASDAQ QCOM opened at $147.37 on Tuesday. QUALCOMM has a one year low of $118.22 and a one year high of $193.58. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.61 and a quick ratio of 1.27. The firm’s 50 day simple moving average is $132.82 and its two-hundred day simple moving average is $150.16. The stock has a market capitalization of $165.05 billion, a P/E ratio of 15.08, a PEG ratio of 0.78 and a beta of 1.20.

QUALCOMM (NASDAQ:QCOMGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The wireless technology company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.19. QUALCOMM had a net margin of 28.42% and a return on equity of 103.73%. The business had revenue of $11.16 billion for the quarter, compared to analysts’ expectations of $10.58 billion. During the same period last year, the business earned $1.59 earnings per share. As a group, analysts expect that QUALCOMM will post 11.05 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a $0.75 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $3.00 dividend on an annualized basis and a yield of 2.04%. QUALCOMM’s dividend payout ratio (DPR) is 30.71%.

Insiders Place Their Bets

In other news, CAO Erin L. Polek sold 1,521 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $129.95, for a total transaction of $197,653.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. increased its holdings in shares of QUALCOMM by 0.9% during the fourth quarter. Centaurus Financial Inc. now owns 6,566 shares of the wireless technology company’s stock valued at $1,201,000 after acquiring an additional 57 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in shares of QUALCOMM by 0.3% during the fourth quarter. Chase Investment Counsel Corp now owns 21,620 shares of the wireless technology company’s stock valued at $3,953,000 after acquiring an additional 58 shares in the last quarter. Tranquility Partners LLC increased its holdings in QUALCOMM by 1.5% in the 4th quarter. Tranquility Partners LLC now owns 4,429 shares of the wireless technology company’s stock worth $810,000 after buying an additional 64 shares in the last quarter. Kistler Tiffany Companies LLC increased its holdings in QUALCOMM by 2.3% in the 4th quarter. Kistler Tiffany Companies LLC now owns 2,883 shares of the wireless technology company’s stock worth $527,000 after buying an additional 65 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in QUALCOMM by 0.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 9,132 shares of the wireless technology company’s stock worth $1,670,000 after buying an additional 66 shares in the last quarter. 73.61% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for QUALCOMM (NASDAQ:QCOM)

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