QUALCOMM, Inc. (QCOM) EVP Alexander H. Rogers Sells 853 Shares of Stock

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QUALCOMM, Inc. (NASDAQ:QCOM) EVP Alexander H. Rogers sold 853 shares of QUALCOMM stock in a transaction on Monday, October 29th. The shares were sold at an average price of $63.50, for a total value of $54,165.50. Following the transaction, the executive vice president now owns 4,344 shares in the company, valued at approximately $275,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alexander H. Rogers also recently made the following trade(s):

  • On Monday, August 27th, Alexander H. Rogers sold 1,306 shares of QUALCOMM stock. The shares were sold at an average price of $67.37, for a total value of $87,985.22.

QCOM opened at $63.18 on Wednesday. The firm has a market cap of $91.79 billion, a P/E ratio of 16.71, a PEG ratio of 2.04 and a beta of 1.67. QUALCOMM, Inc. has a 1 year low of $48.56 and a 1 year high of $76.50. The company has a quick ratio of 2.62, a current ratio of 2.73 and a debt-to-equity ratio of 0.67.

QUALCOMM announced that its Board of Directors has authorized a share repurchase program on Thursday, July 26th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the wireless technology company to buy up to 34.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 3.93%. QUALCOMM’s payout ratio is 65.61%.

Several large investors have recently made changes to their positions in QCOM. Moneta Group Investment Advisors LLC lifted its position in shares of QUALCOMM by 9,686.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 74,282 shares of the wireless technology company’s stock worth $105,000 after purchasing an additional 73,523 shares during the last quarter. Squar Milner Financial Services LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth about $106,000. Kiley Juergens Wealth Management LLC lifted its position in shares of QUALCOMM by 1,760.0% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 1,860 shares of the wireless technology company’s stock worth $133,000 after purchasing an additional 1,760 shares during the last quarter. MinichMacGregor Wealth Management LLC lifted its position in shares of QUALCOMM by 170.9% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,850 shares of the wireless technology company’s stock worth $134,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in shares of QUALCOMM by 151.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,992 shares of the wireless technology company’s stock worth $143,000 after purchasing an additional 1,201 shares during the last quarter. 77.33% of the stock is owned by institutional investors.

QCOM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, July 30th. Canaccord Genuity lifted their price target on QUALCOMM from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Summit Insights upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Finally, Rosenblatt Securities raised QUALCOMM from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $56.00 to $70.00 in a research report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. QUALCOMM has an average rating of “Buy” and an average price target of $71.12.

QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Insider Buying and Selling by Quarter for QUALCOMM (NASDAQ:QCOM)

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