Qualcomm Inc/de (QCOM) Files Form 4 Insider Selling : Matthew S Grob Sells 33,000 Shares

Qualcomm Inc/de (QCOM): Matthew S Grob , EVP, Qualcomm Technologies Inc of Qualcomm Inc/de sold 33,000 shares on Jul 21, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $59.85 per share for a total value of $1,975,026.88 , 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 26, 2016, Matthew S Grob (EVP, Qualcomm Technologies Inc) sold 10,000 shares at $55.25 per share price.On May 11, 2016, Cristiano R Amon (EVP and President, QCT) sold 6,887 shares at $51.51 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, Jul 20, 2016 heightened volatility was witnessed in QUALCOMM which led to swings in the share price. The shares opened for trading at $55.36 and hit $55.95 on the upside , eventually ending the session at $55.82, with a gain of 1.23% or 0.68 points. The heightened volatility saw the trading volume jump to 1,72,04,320 shares. The 52-week high of the share price is $66.05 and the company has a market cap of $81,995 M . The 52-week low of the share price is at $42.24.

QUALCOMM Money Flow Index Chart

On Jul 12, 2016, QUALCOMM announced a cash dividend of $0.5300. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 21, 2016.

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 $ 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 is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 67 from a previous price target of $59 .The Rating was issued on Jul 21, 2016.QUALCOMM is Reiterated by Goldman to Buy and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $64 .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.

Leave a Reply

QUALCOMM - Is it time to Sell?

Top Brokerage Firms are advising their investors on QUALCOMM. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.