QUALCOMM Target of Unusually Large Options Trading (NASDAQ:QCOM)

QUALCOMM Incorporated (NASDAQ:QCOMGet Free Report) was the target of some unusual options trading on Friday. Stock traders acquired 61,825 call options on the company. This represents an increase of approximately 13% compared to the typical volume of 54,817 call options.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Susquehanna raised their price target on QUALCOMM from $130.00 to $140.00 and gave the stock a “positive” rating in a research note on Thursday, November 2nd. Citigroup downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Thursday, February 1st. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Mizuho lifted their price objective on QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, TD Cowen lifted their price objective on QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.71.

View Our Latest Report on QUALCOMM

QUALCOMM Trading Up 1.9 %

NASDAQ QCOM opened at $151.00 on Friday. The stock has a 50-day simple moving average of $142.52 and a 200 day simple moving average of $125.19. The company has a market capitalization of $168.52 billion, a PE ratio of 21.88, a P/E/G ratio of 2.02 and a beta of 1.42. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. QUALCOMM has a 12 month low of $101.47 and a 12 month high of $157.98.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a yield of 2.12%. QUALCOMM’s payout ratio is 46.38%.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $149.50, for a total value of $1,210,950.00. Following the completion of the transaction, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other QUALCOMM news, CAO Neil Martin sold 3,098 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $402,740.00. Following the completion of the sale, the chief accounting officer now directly owns 247 shares in the company, valued at approximately $32,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $149.50, for a total value of $1,210,950.00. Following the sale, the chief executive officer now owns 32,400 shares of the company’s stock, valued at $4,843,800. The disclosure for this sale can be found here. Insiders sold 13,198 shares of company stock worth $1,876,690 in the last quarter. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CarsonAllaria Wealth Management Ltd. boosted its position in shares of QUALCOMM by 327.1% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 205 shares of the wireless technology company’s stock worth $30,000 after buying an additional 157 shares during the period. Milestone Investment Advisors LLC acquired a new position in shares of QUALCOMM during the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. acquired a new position in QUALCOMM during the fourth quarter valued at approximately $32,000. DHJJ Financial Advisors Ltd. acquired a new position in QUALCOMM during the third quarter valued at approximately $26,000. Finally, Cherry Tree Wealth Management LLC boosted its position in QUALCOMM by 95.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. 71.10% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Company Profile

(Get Free Report)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

Further Reading

Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.