Insider Selling: Matthew S. Grob Sells 2,000 Shares of QUALCOMM Stock (QCOM)
QUALCOMM (NASDAQ:QCOM) EVP Matthew S. Grob sold 2,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $75.92, for a total transaction of $151,840.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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, August 25th. 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 assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.78.
Shares of QUALCOMM (NASDAQ:QCOM) traded up 0.29% during mid-day trading on Thursday, hitting $75.11. The stock had a trading volume of 8,035,818 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 $75.90 and its 200-day moving average is $78.01. The company has a market cap of $125.9 billion and a price-to-earnings ratio of 17.04.
QUALCOMM (NASDAQ:QCOM) last released its 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.
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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