Insider Selling: QUALCOMM Incorporated (NASDAQ:QCOM) CAO Sells 1,116 Shares of Stock

QUALCOMM Incorporated (NASDAQ:QCOM) CAO Neil Martin sold 1,116 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $196.11, for a total value of $218,858.76. Following the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $70,207.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Neil Martin also recently made the following trade(s):

• On Tuesday, March 5th, Neil Martin sold 689 shares of QUALCOMM stock. The shares were sold at an average price of $160.64, for a total value of $110,680.96.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $210.36 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a 12-month low of $101.47 and a 12-month high of $211.30. The stock’s 50 day moving average price is $175.50 and its two-hundred day moving average price is $155.00. The firm has a market capitalization of $234.76 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.49 and a beta of 1.33.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.82 by $0.11. The business had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.32 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. On average, analysts anticipate that QUALCOMM Incorporated will post 7.83 earnings per share for the current year.

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a dividend of $0.85 per share. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM’s dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

A number of analysts have recently commented on QCOM shares. Barclays upped their price target on QUALCOMM from $155.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Bank of America raised their price objective on QUALCOMM from $173.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. UBS Group boosted their target price on QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Susquehanna raised their price target on QUALCOMM from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company increased their target price on QUALCOMM from $120.00 to $140.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.48.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Grandview Asset Management LLC boosted its stake in shares of QUALCOMM by 2.3% in the first quarter. Grandview Asset Management LLC now owns 2,730 shares of the wireless technology company’s stock valued at $462,000 after buying an additional 62 shares during the period. Tealwood Asset Management Inc. lifted its position in shares of QUALCOMM by 0.6% during the 1st quarter. Tealwood Asset Management Inc. now owns 9,899 shares of the wireless technology company’s stock worth $1,676,000 after buying an additional 63 shares during the last quarter. VERITY Wealth Advisors boosted its stake in QUALCOMM by 0.8% in the first quarter. VERITY Wealth Advisors now owns 7,795 shares of the wireless technology company’s stock valued at $1,320,000 after buying an additional 64 shares in the last quarter. SlateStone Wealth LLC raised its stake in QUALCOMM by 1.7% during the first quarter. SlateStone Wealth LLC now owns 3,874 shares of the wireless technology company’s stock worth $656,000 after acquiring an additional 65 shares in the last quarter. Finally, Verus Capital Partners LLC boosted its stake in shares of QUALCOMM by 1.4% in the 1st quarter. Verus Capital Partners LLC now owns 4,573 shares of the wireless technology company’s stock valued at $774,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It 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, computing, multimedia, and position location products.