QUALCOMM (NASDAQ:QCOM) Research Coverage Started at Evercore ISI

Research analysts at Evercore ISI assumed coverage on shares of QUALCOMM (NASDAQ:QCOM) in a report issued on Tuesday, Marketbeat.com reports. The firm set an “in-line” rating and a $177.00 price target on the wireless technology company’s stock. Evercore ISI’s target price indicates a potential upside of 4.60% from the company’s current price.

A number of other research firms have also recently commented on QCOM. Cantor Fitzgerald increased their target price on shares of QUALCOMM from $150.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Piper Sandler boosted their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Barclays lifted their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. TD Cowen boosted their price target on QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Susquehanna lifted their price objective on QUALCOMM from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.90.

QUALCOMM Stock Down 0.4 %

QCOM traded down $0.63 during trading on Tuesday, reaching $169.21. 602,245 shares of the stock were exchanged, compared to its average volume of 8,529,629. The stock has a market cap of $188.84 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.34 and a beta of 1.41. QUALCOMM has a twelve month low of $101.47 and a twelve month high of $177.59. The stock’s 50 day moving average price is $163.62 and its two-hundred day moving average price is $141.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. Equities analysts expect that QUALCOMM will post 7.67 EPS for the current year.

Insider Buying and Selling

In related news, CAO Neil Martin sold 371 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the transaction, the chief accounting officer now owns 689 shares in the company, valued at $103,232.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the sale, the chief executive officer now directly owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 371 shares of QUALCOMM 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 transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $103,232.87. The disclosure for this sale can be found here. Insiders have sold 44,360 shares of company stock valued at $7,184,678 in the last quarter. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QCOM. DHJJ Financial Advisors Ltd. bought a new position in shares of QUALCOMM during the third quarter valued at $26,000. Financial Gravity Asset Management Inc. boosted its holdings in QUALCOMM by 102.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 122 shares during the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of QUALCOMM in the first quarter worth $26,000. O Dell Group LLC bought a new stake in QUALCOMM during the fourth quarter valued at about $28,000. Finally, Legacy Financial Group LLC purchased a new position in QUALCOMM in the 3rd quarter worth approximately $29,000. 74.35% of the stock is currently owned by institutional investors.

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.