QUALCOMM Chairman Unloads $9,555,835 in Stock (QCOM)
QUALCOMM (NASDAQ:QCOM) Chairman Paul E. Jacobs sold 125,652 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $76.05, for a total transaction of $9,555,834.60. Following the transaction, the chairman now directly owns 30,041 shares in the company, valued at approximately $2,284,618. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
QUALCOMM (NASDAQ:QCOM) traded up 0.23% on Friday, hitting $76.949. The stock had a trading volume of 2,622,468 shares. 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 $76.82 and a 200-day moving average of $77.87. The company has a market cap of $129.0 billion and a price-to-earnings ratio of 17.46.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data 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 declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, August 29th.
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 research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price 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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