Qualcomm Inc/de (QCOM) Files Form 4 Insider Selling : Matthew S Grob Sells 10,000 Shares

Qualcomm Inc/de (QCOM): Matthew S Grob , EVP, Qualcomm Technologies Inc of Qualcomm Inc/de sold 10,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $55.25 per share for a total value of $552,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Cristiano R Amon (EVP and President, QCT) sold 6,887 shares at $51.51 per share price.On Apr 14, 2016, Matthew S Grob (EVP, Qualcomm Technologies Inc) sold 32,700 shares at $51.59 per share price.Also, On Apr 14, 2016, James H Thompson (EVP, Qualcomm Technologies Inc) sold 35,000 shares at $51.58 per share price.On Mar 15, 2016, Michelle M Sterling (EVP, Human Resources) sold 6,948 shares at $52.16 per share price.

QUALCOMM: On Wednesday, May 25, 2016 heightened volatility was witnessed in QUALCOMM which led to swings in the share price. The shares opened for trading at $55.7 and hit $56.27 on the upside , eventually ending the session at $55.98, with a gain of 0.70% or 0.39 points. The heightened volatility saw the trading volume jump to 92,79,652 shares. The 52-week high of the share price is $71.318 and the company has a market cap of $82,230 M . The 52-week low of the share price is at $42.24.

QUALCOMM Money Flow Index Chart

On Apr 8, 2016, QUALCOMM announced a cash dividend of $0.5300. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 22, 2016.

Company has been under the radar of several Street Analysts.QUALCOMM is Initiated by Credit Agricole to Outperform and the brokerage firm has set the Price Target at $65. The Rating was issued on May 17, 2016.QUALCOMM is Downgraded by Rosenblatt to Neutral and the brokerage firm has set the Price Target at $57. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 21, 2016.QUALCOMM is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $47 .The Rating was issued on Apr 12, 2016.QUALCOMM is Downgraded by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 50 from a previous price target of $55 . Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 28, 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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