Ann C. Chaplin of QUALCOMM Sells Shares

QUALCOMM Incorporated (NASDAQ:QCOM) General Counsel Ann C. Chaplin recently sold 7,717 shares of the company’s stock in a transaction dated December 10th. The shares were sold at an average price of $160.59, resulting in a total value of $1,239,273.03. Following this sale, Chaplin's direct ownership dropped to 17,153 shares, which are now valued at approximately $2,754,600.27. This transaction indicates a significant decrease in her ownership percentage, amounting to 31.03%.

Market Activity

On December 11th, QCOM stock experienced a rise of $3.37 during midday trading, bringing the stock price to $159.83. The trading volume reached 7,079,337 shares, slightly below the average volume of 8,973,366. The company has a market capitalization of $177.57 billion, with a PE ratio of 17.69 and a price-to-earnings-growth ratio of 2.67. QUALCOMM's stock shows a 12-month low of $134.94 and a 12-month high of $230.63. Financially, the company maintains a debt-to-equity ratio of 0.51, a current ratio of 2.40, and a quick ratio of 1.79.

Quarterly Dividend Announcement

In addition to the share sale, QUALCOMM announced a quarterly dividend that will be paid on December 19th. Shareholders on record as of December 5th will receive a dividend of $0.85 per share, translating to an annual dividend of $3.40 and a yield of 2.13%. The company’s current dividend payout ratio stands at 37.82%.

Institutional Investor Activity

Institutional investors have been actively adjusting their positions in QUALCOMM. For instance, Macroview Investment Management LLC increased its stake by 10.5% during the second quarter, acquiring an additional 57 shares. Similarly, McClarren Financial Advisors Inc. raised its holdings by 43.2%. Paulson Wealth Management Inc. also grew its portfolio, while Tranquility Partners LLC and Institute for Wealth Management LLC made similar increases in their share ownership. Overall, institutional investors and hedge funds hold about 74.35% of QUALCOMM's stock.

Analyst Ratings

QUALCOMM has been the focus of numerous analyst reports recently. TD Cowen upgraded the stock to a "strong-buy" rating, while Morgan Stanley adjusted their target price from $207.00 to $204.00 with an "equal weight" stance on the stock. Other firms have also issued varying ratings; StockNews.com downgraded their rating from "strong-buy" to "buy". In total, the stock has received one sell rating, fourteen hold ratings, fifteen buy ratings, and one strong buy rating. According to data from MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and an average target price of $208.00.

Company Overview

QUALCOMM Incorporated specializes in the development and commercialization of key technologies for the wireless industry globally. It operates through three main segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment focuses on developing and supplying integrated circuits and system software that support a range of wireless communications technologies.

QUALCOMM, Shares, Market