QUALCOMM (NASDAQ:QCOM) Now Covered by Analysts at Loop Capital

Loop Capital initiated coverage on shares of QUALCOMM (NASDAQ:QCOM) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $180.00 price target on the wireless technology company’s stock.

A number of other equities research analysts also recently issued reports on QCOM. Wolfe Research downgraded QUALCOMM from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. HSBC cut QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research report on Wednesday, July 17th. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a research report on Monday, September 16th. Westpark Capital reissued a “hold” rating on shares of QUALCOMM in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $210.92.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $168.29 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.78 and a current ratio of 2.40. The firm has a market cap of $186.97 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.74 and a beta of 1.28. QUALCOMM has a 52 week low of $122.63 and a 52 week high of $230.63. The firm’s 50-day simple moving average is $168.39 and its 200 day simple moving average is $182.46.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s payout ratio is presently 37.82%.

Insiders Place Their Bets

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,146 shares of company stock worth $2,709,186. 0.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of QCOM. Leelyn Smith LLC acquired a new position in QUALCOMM during the 1st quarter worth approximately $208,000. Inspire Investing LLC acquired a new position in shares of QUALCOMM during the first quarter worth approximately $444,000. TD Asset Management Inc lifted its holdings in shares of QUALCOMM by 15.1% in the 1st quarter. TD Asset Management Inc now owns 2,506,023 shares of the wireless technology company’s stock worth $424,270,000 after purchasing an additional 328,494 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in QUALCOMM by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,268,459 shares of the wireless technology company’s stock valued at $214,750,000 after purchasing an additional 92,025 shares during the period. Finally, Angeles Wealth Management LLC increased its stake in QUALCOMM by 17.3% during the 1st quarter. Angeles Wealth Management LLC now owns 5,036 shares of the wireless technology company’s stock valued at $853,000 after purchasing an additional 742 shares in the last quarter. Institutional investors and hedge funds 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.