QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Amundi

Amundi grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 36.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,579,529 shares of the wireless technology company's stock after buying an additional 3,905,918 shares during the quarter. QUALCOMM accounts for 0.8% of Amundi's investment portfolio, making the stock its 16th largest position. Amundi owned about 1.31% of QUALCOMM worth $2,313,634,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QCOM. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of QUALCOMM during the fourth quarter worth approximately $26,000. CKW Financial Group acquired a new stake in QUALCOMM during the 4th quarter worth $27,000. Centricity Wealth Management LLC acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $29,000. Planning Capital Management Corp lifted its stake in shares of QUALCOMM by 137.3% in the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after buying an additional 114 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in QUALCOMM during the fourth quarter worth about $38,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,337 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total value of $523,308.34. Following the completion of the transaction, the chief financial officer now owns 59,778 shares in the company, valued at $9,374,385.96. This represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the sale, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,045 shares of company stock worth $7,752,423. Corporate insiders own 0.08% of the company's stock.

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QUALCOMM Stock Down 2.7 %

Shares of QUALCOMM stock traded down $4.32 during trading on Monday, hitting $156.90. 2,406,503 shares of the stock were exchanged, compared to its average volume of 8,274,453. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm's 50-day moving average price is $164.76 and its 200 day moving average price is $165.03. The stock has a market cap of $173.53 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts' consensus estimates 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, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM's dividend payout ratio is presently 36.32%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of recent research reports. Loop Capital initiated coverage on QUALCOMM in a research note on Monday, November 11th. They set a "hold" rating and a $180.00 price objective on the stock. Evercore ISI dropped their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Melius Research began coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Melius initiated coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 price target for the company. Finally, Piper Sandler decreased their price objective on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

About QUALCOMM

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.