QUALCOMM (QCOM) – Investment Analysts’ Weekly Ratings Updates

Posted by on Aug 15th, 2023

QUALCOMM (NASDAQ: QCOM) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2023 – QUALCOMM was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 8/3/2023 – QUALCOMM had its price target lowered by analysts at Susquehanna from $145.00 to $140.00. They now have a “positive” rating on the stock.
  • 8/3/2023 – QUALCOMM had its price target raised by analysts at Piper Sandler from $120.00 to $140.00. They now have an “overweight” rating on the stock.
  • 8/3/2023 – QUALCOMM had its price target raised by analysts at Morgan Stanley from $125.00 to $129.00. They now have an “overweight” rating on the stock.
  • 8/3/2023 – QUALCOMM was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating. They now have a $121.00 price target on the stock, down previously from $130.00.
  • 8/3/2023 – QUALCOMM had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $145.00 price target on the stock.
  • 8/3/2023 – QUALCOMM had its price target lowered by analysts at JPMorgan Chase & Co. from $159.00 to $148.00.
  • 7/27/2023 – QUALCOMM was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 7/25/2023 – QUALCOMM had its price target raised by analysts at Susquehanna from $135.00 to $145.00. They now have a “positive” rating on the stock.
  • 7/24/2023 – QUALCOMM had its price target raised by analysts at UBS Group AG from $120.00 to $130.00. They now have a “neutral” rating on the stock.
  • 7/19/2023 – QUALCOMM is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $145.00 price target on the stock.
  • 7/7/2023 – QUALCOMM was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 6/29/2023 – QUALCOMM was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 6/21/2023 – QUALCOMM was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 6/16/2023 – QUALCOMM had its price target raised by analysts at Bank of America Co. from $130.00 to $145.00.

QUALCOMM Trading Down 0.5 %

Shares of NASDAQ:QCOM opened at $114.02 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 2.42. The stock has a market capitalization of $127.25 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.13 and a beta of 1.22. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $152.91. The company has a 50 day moving average price of $120.51 and a 200 day moving average price of $119.98.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 31st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, August 30th. QUALCOMM’s dividend payout ratio (DPR) is currently 41.88%.

Insider Activity

In other news, insider James J. Cathey sold 1,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $114.16, for a total value of $114,160.00. Following the transaction, the insider now owns 6,745 shares in the company, valued at approximately $770,009.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.

Institutional Trading of QUALCOMM

Several hedge funds and other institutional investors have recently bought and sold shares of QCOM. Milestone Investment Advisors LLC bought a new position in shares of QUALCOMM during the 1st quarter worth approximately $26,000. New England Capital Financial Advisors LLC acquired a new stake in shares of QUALCOMM in the 4th quarter valued at $26,000. TD Capital Management LLC grew its holdings in shares of QUALCOMM by 118.8% in the 1st quarter. TD Capital Management LLC now owns 221 shares of the wireless technology company’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. Corrado Advisors LLC acquired a new stake in shares of QUALCOMM during the 4th quarter worth about $27,000. Finally, Pacific Center for Financial Services bought a new position in QUALCOMM during the 1st quarter valued at about $31,000. 71.48% of the stock is currently owned by institutional investors and hedge funds.

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, application processing, multimedia, and global positioning system products.

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