QUALCOMM EVP Unloads $2,468,730 in Stock (QCOM)
QUALCOMM (NASDAQ:QCOM) EVP Donald J. Rosenberg sold 33,000 shares of QUALCOMM stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $74.81, for a total transaction of $2,468,730.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of QUALCOMM (NASDAQ:QCOM) traded up 0.13% on Tuesday, hitting $75.13. 7,890,498 shares of the company’s stock traded hands. QUALCOMM has a one year low of $65.47 and a one year high of $81.97. The stock has a 50-day moving average of $77.13 and a 200-day moving average of $77.84. The company has a market cap of $125.9 billion and a price-to-earnings ratio of 17.07.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that QUALCOMM will post $5.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders 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 2.24%. The ex-dividend date is Friday, August 29th.
QCOM has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of QUALCOMM in a research note on Tuesday. Separately, analysts at Sanford C. Bernstein downgraded shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 31st. They now have a $80.00 price target on the stock. Finally, analysts at Bernstein downgraded shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 31st. They now have a $80.00 price target on the stock, down previously from $85.00. Twelve equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.81.
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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