Americana Partners LLC boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,477 shares of the wireless technology company's stock after acquiring an additional 1,820 shares during the quarter. Americana Partners LLC's holdings in QUALCOMM were worth $1,917,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of QUALCOMM by 1,702.6% during the third quarter. Pacer Advisors Inc. now owns 3,191,342 shares of the wireless technology company's stock valued at $542,688,000 after buying an additional 3,014,302 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of QUALCOMM by 17,357.3% during the third quarter. International Assets Investment Management LLC now owns 2,936,310 shares of the wireless technology company's stock valued at $499,320,000 after buying an additional 2,919,490 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of QUALCOMM by 7.9% during the third quarter. Geode Capital Management LLC now owns 27,128,468 shares of the wireless technology company's stock valued at $4,600,625,000 after buying an additional 1,989,725 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of QUALCOMM by 30.2% during the third quarter. Van ECK Associates Corp now owns 7,506,863 shares of the wireless technology company's stock valued at $1,250,644,000 after buying an additional 1,741,432 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of QUALCOMM by 202.6% during the third quarter. Two Sigma Advisers LP now owns 2,061,900 shares of the wireless technology company's stock valued at $350,626,000 after buying an additional 1,380,500 shares during the last quarter. 74.35% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on QCOM shares. Mizuho cut their target price on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Melius started coverage on QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. Sanford C. Bernstein upped their target price on QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Melius Research initiated coverage on QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Finally, Morgan Stanley lowered their price target on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.32.
Read Our Latest Research Report on QCOM
QUALCOMM Stock Down 4.8 %
Shares of QCOM traded down $8.27 during midday trading on Friday, hitting $165.43. 12,520,589 shares of the company's stock traded hands, compared to its average volume of 7,784,163. QUALCOMM Incorporated has a 1 year low of $149.43 and a 1 year high of $230.63. The firm's fifty day moving average is $164.46 and its 200-day moving average is $165.72. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $182.97 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.
QUALCOMM Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, March 6th. QUALCOMM's payout ratio is 36.32%.
Insider Activity at QUALCOMM
In related news, CAO Neil Martin sold 744 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares of the company's stock, valued at $80,596.63. This represents a 61.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the sale, the chief financial officer now directly owns 48,778 shares in the company, valued at $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,708 shares of company stock valued at $7,713,734 in the last ninety days. Company insiders own 0.08% of the company's stock.
About QUALCOMM
(
Free Report)
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.
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