Analyst Research

Recent Insider Activity: QUALCOMM, Inc. (NASDAQ:QCOM)

QUALCOMM, Inc. (NASDAQ:QCOM) exchanged hands 6.28M shares versus average trading capacity of 7.36M shares, while its shares’ total market worth is $91.62B along with 1.47B outstanding shares.

The insider filler data counts the number of monthly positions over 3 month and 12 month time spans. For QUALCOMM, Inc. (NASDAQ:QCOM) total 14 number of trades held during last 3 months and 72 during last 12 months, out of them 3 numbers of buys held in last 3 months and 16 buys in last 12 months. Whereas 11 numbers of sells held in last 3 months and 56 sells over the past 12 months.

Insiders has most recently took part in a trading activity, Grob Matthew S, EVP, of the company in a transaction that occurred 9/6/2016 sold 2,000 shares of the stock. The stock was sold at a price of $62.30, for a total value of $124,600. Subsequent to the transaction Grob Matthew S owned a total of 33,898 shares of the stock.

In a separate transaction on 8/31/2016, Aberle Derek K, President sold 20,874 shares of the stock. The stock was sold at a price of $62.81, for a total worth of $1,311,152. Succeeding to the transaction Aberle Derek K owned overall 48,631 shares of the stock.

Moreover, Grob Matthew S, EVP sold 15,000 shares of the stock in a reserved transaction that ensued on 8/23/2016. At a price of $63.25, the stock was sold for an entire value of $948,797. Consequent to the transaction Grob Matthew S owned a total of 33,898 shares of the stock.

Currently, 0.17% shares of QUALCOMM, Inc. (NASDAQ:QCOM) are owned by insiders with -8.42% six-month change in the insider ownership. Jacobs Paul E is one of the major insider shareholder of the company’s stock, the insider owns 48,403 shares reported on May 5, 2015. Thompson James H is second leading insider shareholder, as of May 5, 2016 the insider owns 49,226 shares of the stock. Aberle Derek K is another major insider shareholder of the stock, as per record date of Aug 31, 2016 insider owns 48,631 shares of the stock.

QUALCOMM, Inc. (NASDAQ:QCOM) ended last trading session at the price of $62.43 whereas a number of traders indicating mean target price will hit $62.40 over the next twelve months, mean value of price target most recently revised on 09/06/16. QUALCOMM, Inc. (NASDAQ:QCOM)’s highest estimates of price target are $75.00 and low forecast is $50.00 based on the opinion of 24 analysts. The price target estimates represents a standard deviation of 8.11. However brokerage recommendations suggests an ABR of 2.32 based on calls of 22 experts, where 9 brokers polls the stock a Strong Buy, 1 suggest the stock a Buy, 10 suggest Hold, 0 are rating the stock as Sell while 2 as Strong Sell.

QUALCOMM, Inc. (NASDAQ:QCOM) is expected to release the earnings of its current quarter on 11/2/16 After Market Close. The company is expected to release $1.12 EPS during current quarter according to 24 analysts whereas the company reported $0.91 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $1.08 and high estimate of $1.18. QUALCOMM, Inc. (NASDAQ:QCOM)’s average revenue estimates for the current quarter are $5.83B according to 24 number of analysts. However its lowest revenue estimates are $5.68B and highest revenue estimates are $5.96B. A year ago the company’s sales were $5.45B. Its yearly sales growth estimates are 7.00%.

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