Qualcomm Inc/de (QCOM) Files Form 4 Insider Selling : James H Thompson Sells 10,000 Shares

Qualcomm Inc/de (QCOM): James H Thompson , EVP, Qualcomm Technologies Inc of Qualcomm Inc/de sold 10,000 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $60.94 per share for a total value of $609,379.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, Matthew S Grob (EVP, Qualcomm Technologies Inc) sold 2,000 shares at $62.30 per share price.On Sep 1, 2016, Derek K Aberle (President) sold 20,874 shares at $62.81 per share price.Also, On Aug 5, 2016, Donald J Rosenberg (EVP, GC & Corporate Secretary) sold 8,250 shares at $61.09 per share price.On Jul 25, 2016, Raymond V Dittamore (director) sold 7,000 shares at $61.00 per share price.

QUALCOMM: On Monday, Sep 12, 2016 heightened volatility was witnessed in QUALCOMM which led to swings in the share price. The shares opened for trading at $60.23 and hit $62.27 on the upside , eventually ending the session at $62.25, with a gain of 2.86% or 1.73 points. The heightened volatility saw the trading volume jump to 10,158,630 shares. The 52-week high of the share price is $63.7 and the company has a market cap of $91,735 M . The 52-week low of the share price is at $42.24.

QUALCOMM Money Flow Index Chart

Company has been under the radar of several Street Analysts.QUALCOMM is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 59 from a previous price target of $56 .The Rating was issued on Sep 6, 2016.QUALCOMM is Downgraded by Standpoint Research to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 25, 2016.QUALCOMM is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 56 from a previous price target of $50 .The Rating was issued on Jul 21, 2016.QUALCOMM is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Jul 21, 2016.QUALCOMM is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $65 .The Rating was issued on Jul 21, 2016.

Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G) fourth-generation (4G) and next-generation wireless technologies. The Company’s products include 2net AllPlay Brew Gobi Halo HealthyCircles Hy-Fi IPQ IZat Pixtronix Powerline QChat QLearn Small Cells Snapdragon Vive RaptorQ Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Company’s Brew platform enables feature phone applications such as gaming messaging Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G 4G and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points creating networks by plugging in.

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