QUALCOMM EVP Sells $203,266 in Stock (QCOM)
QUALCOMM (NASDAQ:QCOM) EVP Cristiano R. Amon unloaded 2,634 shares of QUALCOMM stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $77.17, for a total transaction of $203,265.78. Following the completion of the transaction, the executive vice president now directly owns 648 shares in the company, valued at approximately $50,006. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
QUALCOMM (NASDAQ:QCOM) traded down 0.30% during mid-day trading on Monday, hitting $76.59. The stock had a trading volume of 4,753,783 shares. QUALCOMM has a one year low of $65.47 and a one year high of $81.97. The stock’s 50-day moving average is $76.71 and its 200-day moving average is $77.89. The company has a market cap of $128.4 billion and a P/E ratio of 17.47.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. 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 2.19%. The ex-dividend date is Friday, August 29th.
A number of research firms have recently commented on QCOM. Analysts at Zacks reiterated a “neutral” rating on shares of QUALCOMM in a research note on Monday. They now have a $81.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of QUALCOMM in a research note on Tuesday, August 19th. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $81.78.
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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