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QUALCOMM (NASDAQ:QCOM) Chairman Paul E. Jacobs unloaded 70,000 shares of the stock on the open market in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $81.23, for a total transaction of $5,686,100.00. Following the transaction, the chairman now directly owns 29,269 shares of the company’s stock, valued at approximately $2,377,521. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

QUALCOMM (NASDAQ:QCOM) traded down 0.57% during mid-day trading on Monday, hitting $78.08. 10,082,550 shares of the company’s stock traded hands. QUALCOMM has a one year low of $59.02 and a one year high of $81.36. The stock has a 50-day moving average of $77.00 and a 200-day moving average of $72.76. The company has a market cap of $132.0 billion and a P/E ratio of 20.09. QUALCOMM also saw unusually large options trading activity on Friday. Investors purchased 41,860 call options on the stock. This is an increase of approximately 133% compared to the typical daily volume of 17,941 call options.

QUALCOMM (NASDAQ:QCOM) last released its earnings data on Wednesday, January 29th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.08. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that QUALCOMM will post $5.11 earnings per share for the current fiscal year.

A number of research firms have recently commented on QCOM. Analysts at Canaccord Genuity raised their price target on shares of QUALCOMM from $86.00 to $90.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of QUALCOMM from $86.00 to $95.00 in a research note on Thursday, March 27th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of QUALCOMM from $78.00 to $86.00 in a research note on Monday, March 24th. They now have a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. QUALCOMM currently has an average rating of “Buy” and a consensus target price of $78.92.

QUALCOMM Incorporated (NASDAQ:QCOM) is engaged in designing and manufacturing of digital communications products and services based on code division multiple access (CDMA), Orthogonal Frequency Division Multiplexing (OFDMA) and other technologies.

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