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QCOM Showing Recent Insider Activity

Recent activity shows that Qualcomm, QCOM the Insider Confidence level is trending Down due to Corporate Insiders of QCOM Sold $232.1K worth of shares in the last 3 months.  

Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
 
"Insider Buying" is not a crime when the buying is based on public information. 
 
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell.  That's why people pay attention to insider buying.

Here is a list of the latest insider activity for QCOM:
  • POLEK ERIN L - SVP, Controller & CAO, $105,412 worth of shares on 2 days ago
  • POLEK ERIN L - SVP, Controller & CAO, $197,654 worth of shares on 2 days ago
  • CATHEY JAMES J - CCO, Sold $232,064 worth of shares on 2 weeks ago
  • Palkhiwala Akash J. - CFO, $557,473 worth of shares on 3 months ago
TipRanks.com reports that Qualcomm currently has 19 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $192.06 . The target pricing ranges from a high forecast of $250.00 down to a low forecast of $150.00. Qualcomm (QCOM)’s last closing price was $129.74 which would put the average price target at 48.03% upside.

In addition, TradingView issued a Sell rating for QCOM over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook

Qualcomm, QCOM
Summary: Qualcomm Inc. designs, manufactures and markets digital wireless telecom products and services based on the Code Division Multiple Access (CDMA) technology. The products include CDMA-based integrated circuits and system software for wireless voice and data communications as well as global positioning system (GPS) products. Qualcomm's business is organized into two reporting segments as follows: Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing. QCT reports operating results for sales of CDMA-based integrated circuit devices (chips) and system software for wireless voice and data communications, as well as GPS products. QCT's integrated circuit products are used mainly in mobile phones, wireless data access cards and infrastructure equipment. QTL reports revenues received from licenses to the intellectual property portfolio, which comprises various patent rights used in the manufacture and sale of wireless products, including Wideband Code Division Multiple Access technology solutions.
  • Last Price: $129.74
  • Price Change: $1.21, 0.9414%
  • Yearly Gain: 1.18%
  • Market Cap: $145.31B
  • P/E Ratio: 13.528
Remember, securities are volatile, so please do your own research on QCOM. If you are interest in stocks like QCOM or stocks in the Technology sector, please click here.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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This information was sourced from various 3rd party public sources but to get the best insight into insider activity related to QCOM, you should consider joining TipRanks.com.

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