Nomura restated their neutral rating on shares of QUALCOMM, Inc. (NASDAQ:QCOM) in a research report report published on Wednesday morning, Analyst Ratings Net reports. Nomura currently has a $55.00 target price on the wireless technology company’s stock.

In related news, EVP Donald J. Rosenberg sold 5,139 shares of the firm’s stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of $49.36, for a total transaction of $253,661.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Cristiano R. Amon sold 9,351 shares of the firm’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $51.82, for a total value of $484,568.82. Following the sale, the executive vice president now directly owns 1,010 shares in the company, valued at $52,338.20. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the company. Daiwa SB Investments raised its stake in QUALCOMM by 95.3% in the fourth quarter. Daiwa SB Investments now owns 5,020 shares of the wireless technology company’s stock valued at $251,000 after buying an additional 2,450 shares during the period. Burke & Herbert Bank & Trust Company raised its stake in shares of QUALCOMM by 33.7% in the fourth quarter. Burke & Herbert Bank & Trust Company now owns 5,255 shares of the wireless technology company’s stock valued at $263,000 after buying an additional 1,325 shares during the last quarter. WealthTrust Axiom LLC raised its stake in shares of QUALCOMM by 19.4% in the fourth quarter. WealthTrust Axiom LLC now owns 5,282 shares of the wireless technology company’s stock valued at $264,000 after buying an additional 860 shares during the last quarter. Gierl Augustine Investment Management acquired a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $265,000. Finally, Simplex Trading raised its stake in shares of QUALCOMM by 149.2% in the fourth quarter. Simplex Trading now owns 3,030 shares of the wireless technology company’s stock valued at $272,000 after buying an additional 1,814 shares during the last quarter.

QCOM has been the topic of a number of other reports. Barclays lowered their price objective on QUALCOMM from $60.00 to $55.00 in a research report on Thursday, January 14th. Northland Securities raised QUALCOMM from a market perform rating to an outperform rating in a report on Friday, January 22nd. Pacific Crest initiated coverage on QUALCOMM in a report on Friday, December 4th. They issued an overweight rating and a $64.00 price target on the stock. They noted that the move was a valuation call. Bank of America reissued a buy rating and issued a $75.00 price target on shares of QUALCOMM in a report on Friday, November 20th. Finally, Sanford C. Bernstein lowered their price target on QUALCOMM from $68.00 to $60.00 and set a market perform rating on the stock in a report on Friday, October 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $63.35.

Shares of QUALCOMM (NASDAQ:QCOM) traded down 8.29% on Wednesday, hitting $43.59. 27,934,495 shares of the stock traded hands. QUALCOMM has a 52-week low of $43.47 and a 52-week high of $74.09. The firm has a 50 day moving average price of $47.96 and a 200 day moving average price of $54.94. The firm has a market cap of $65.52 billion and a PE ratio of 13.54.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, January 27th. The wireless technology company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. During the same period in the previous year, the firm earned $1.34 earnings per share. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. The firm’s quarterly revenue was down 18.7% on a year-over-year basis. On average, equities analysts forecast that QUALCOMM will post $4.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 23rd. Investors of record on Wednesday, March 2nd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.40%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 29th.

Qualcomm Incorporated (NASDAQ:QCOM) 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.

12 Month Chart for NASDAQ:QCOM

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