QUALCOMM Incorporated (QCOM) Receives “Buy” Rating from Mizuho
QUALCOMM Incorporated (NASDAQ:QCOM)‘s stock had its “buy” rating reiterated by stock analysts at Mizuho in a report issued on Friday.
Other research analysts have also issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of QUALCOMM in a research note on Thursday, July 13th. Zacks Investment Research raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, October 17th. Morgan Stanley raised their target price on shares of QUALCOMM from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG decreased their target price on shares of QUALCOMM from $62.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $63.80.
Shares of QUALCOMM (NASDAQ QCOM) traded up 1.43% during midday trading on Friday, reaching $54.57. The company’s stock had a trading volume of 8,962,396 shares. The firm has a market cap of $80.55 billion, a price-to-earnings ratio of 20.90 and a beta of 1.28. QUALCOMM has a one year low of $48.92 and a one year high of $70.24. The stock’s 50 day moving average price is $52.30 and its 200 day moving average price is $54.08.
In related news, EVP Michelle M. Sterling sold 4,740 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 5,481 shares of company stock valued at $284,132. Insiders own 0.17% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Westwood Holdings Group Inc. purchased a new stake in QUALCOMM in the second quarter valued at $114,000. Krilogy Financial LLC lifted its position in QUALCOMM by 47.0% in the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after acquiring an additional 745 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new stake in QUALCOMM in the second quarter valued at $141,000. Jacobi Capital Management LLC lifted its position in QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after acquiring an additional 250 shares during the last quarter. Finally, Alpha Windward LLC lifted its position in QUALCOMM by 6.1% in the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock valued at $148,000 after acquiring an additional 153 shares during the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.
QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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