QUALCOMM (NASDAQ:QCOM) Price Target Increased to $180.00 by Analysts at Mizuho

QUALCOMM (NASDAQ:QCOM) had its price objective hoisted by Mizuho from $160.00 to $180.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the wireless technology company’s stock.

Several other research analysts have also commented on the stock. Robert W. Baird lifted their price target on shares of QUALCOMM from $160.00 to $200.00 and gave the company an outperform rating in a report on Thursday. Wolfe Research upped their target price on QUALCOMM from $180.00 to $200.00 and gave the company an outperform rating in a report on Thursday. StockNews.com upgraded QUALCOMM from a buy rating to a strong-buy rating in a research note on Tuesday. Bank of America raised their target price on QUALCOMM from $173.00 to $180.00 and gave the company a buy rating in a research note on Thursday. Finally, Benchmark began coverage on shares of QUALCOMM in a report on Tuesday, April 23rd. They issued a buy rating and a $200.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $179.36.

QUALCOMM Stock Down 0.3 %

NASDAQ QCOM traded down $0.46 on Thursday, reaching $179.64. The company had a trading volume of 10,043,912 shares, compared to its average volume of 8,171,053. The firm has a market capitalization of $200.48 billion, a PE ratio of 24.15, a P/E/G ratio of 2.47 and a beta of 1.33. The firm has a 50-day moving average of $167.69 and a 200-day moving average of $146.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 1.88. QUALCOMM has a 1 year low of $101.47 and a 1 year high of $183.19.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.43. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. On average, equities research analysts anticipate that QUALCOMM will post 7.64 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s dividend payout ratio is currently 43.01%.

Insider Activity

In other news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $182.00, for a total transaction of $1,456,000.00. Following the completion of the sale, the chief technology officer now directly owns 253,893 shares of the company’s stock, valued at approximately $46,208,526. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $182.00, for a total transaction of $1,456,000.00. Following the transaction, the chief technology officer now owns 253,893 shares in the company, valued at approximately $46,208,526. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at $103,232.87. The disclosure for this sale can be found here. Insiders have sold a total of 44,260 shares of company stock worth $7,429,728 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Simon Quick Advisors LLC grew its holdings in QUALCOMM by 10.6% in the 3rd quarter. Simon Quick Advisors LLC now owns 2,776 shares of the wireless technology company’s stock valued at $308,000 after buying an additional 265 shares during the last quarter. Legacy Financial Group LLC acquired a new position in shares of QUALCOMM during the third quarter valued at about $29,000. NorthRock Partners LLC lifted its stake in shares of QUALCOMM by 12.5% in the third quarter. NorthRock Partners LLC now owns 4,418 shares of the wireless technology company’s stock valued at $491,000 after buying an additional 490 shares during the period. Horst & Graben Wealth Management LLC grew its position in QUALCOMM by 50.7% during the third quarter. Horst & Graben Wealth Management LLC now owns 2,812 shares of the wireless technology company’s stock worth $312,000 after buying an additional 946 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in QUALCOMM by 1.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 543,300 shares of the wireless technology company’s stock valued at $60,339,000 after acquiring an additional 9,200 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

About QUALCOMM

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.