Insider Selling: QUALCOMM EVP Sells 33,000 Shares of Stock (QCOM)
QUALCOMM (NASDAQ:QCOM) EVP Donald J. Rosenberg sold 33,000 shares of QUALCOMM stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $74.81, for a total value of $2,468,730.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on QCOM shares. 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 analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $81.81.
QUALCOMM (NASDAQ:QCOM) traded up 0.98% during mid-day trading on Thursday, hitting $77.186. 2,702,034 shares of the company’s stock traded hands. QUALCOMM has a 1-year low of $65.47 and a 1-year high of $81.97. The stock has a 50-day moving average of $76.92 and a 200-day moving average of $77.87. The company has a market cap of $129.4 billion and a P/E ratio of 17.39.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data 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. 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. Investors 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 2.20%. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.