QUALCOMM EVP Margaret L. Johnson Unloads 2,400 Shares (QCOM)
QUALCOMM (NASDAQ:QCOM) EVP Margaret L. Johnson sold 2,400 shares of QUALCOMM stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $73.69, for a total transaction of $176,856.00. Following the sale, the executive vice president now directly owns 24,490 shares of the company’s stock, valued at approximately $1,804,668. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on QCOM. Analysts at Sanford C. Bernstein downgraded shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $80.00 price target on the stock. Separately, analysts at Bernstein downgraded shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $80.00 price target on the stock, down previously from $85.00. Finally, analysts at Nomura reiterated a “buy” rating on shares of QUALCOMM in a research note on Thursday, July 24th. They now have a $85.00 price target on the stock, down previously from $90.00. Thirteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $82.47.
Shares of QUALCOMM (NASDAQ:QCOM) traded up 0.98% on Monday, hitting $73.26. 13,114,231 shares of the company’s stock traded hands. QUALCOMM has a one year low of $65.00 and a one year high of $81.97. The stock has a 50-day moving average of $78.59 and a 200-day moving average of $77.90. The company has a market cap of $122.8 billion and a P/E ratio of 16.50.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 23rd. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.22. The company had revenue of $6.80 million for the quarter, compared to the consensus estimate of $6.52 million. During the same quarter last year, the company posted $1.03 earnings per share. QUALCOMM’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that QUALCOMM will post $5.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, August 29th.
QUALCOMM Incorporated (NASDAQ:QCOM), is engaged in design, manufacture, have manufactured on its behalf and market digital communications products and services based on code division multiple access (CDMA), Orthogonal Frequency Division Multiplexing (OFDMA) and other technologies.
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