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QUALCOMM (NASDAQ:QCOM) EVP Margaret L. Johnson sold 2,400 shares of QUALCOMM stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $79.35, for a total value of $190,440.00. Following the completion of the transaction, the executive vice president now directly owns 24,320 shares in the company, valued at approximately $1,929,792. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on QCOM shares. Analysts at Morgan Stanley initiated coverage on shares of QUALCOMM in a research note on Wednesday, June 18th. They set an “equal weight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of QUALCOMM from $85.00 to $90.00 in a research note on Monday, June 16th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of QUALCOMM in a research note on Thursday, June 12th. They now have a $95.00 price target on the stock, up previously from $90.00. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. QUALCOMM presently has a consensus rating of “Buy” and an average target price of $80.53.

Shares of QUALCOMM (NASDAQ:QCOM) traded up 0.67% during mid-day trading on Tuesday, hitting $79.73. 5,872,328 shares of the company’s stock traded hands. QUALCOMM has a one year low of $59.02 and a one year high of $81.66. The stock’s 50-day moving average is $79.63 and its 200-day moving average is $77.11. The company has a market cap of $134.6 billion and a P/E ratio of 19.87. QUALCOMM also saw some unusual options trading activity on Monday. Traders bought 12,971 put options on the company. This is an increase of 164% compared to the typical daily volume of 4,904 put options.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that QUALCOMM will post $5.17 EPS for the current fiscal year.

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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