APG Asset Management N.V. Grows Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

APG Asset Management N.V. lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 812.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 678,856 shares of the wireless technology company's stock after purchasing an additional 604,432 shares during the quarter. APG Asset Management N.V. owned 0.06% of QUALCOMM worth $100,711,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of QCOM. Legacy Investment Solutions LLC bought a new position in shares of QUALCOMM during the third quarter valued at about $39,000. MML Investors Services LLC boosted its holdings in QUALCOMM by 8.3% during the 3rd quarter. MML Investors Services LLC now owns 276,610 shares of the wireless technology company's stock valued at $47,038,000 after acquiring an additional 21,216 shares during the period. Groupama Asset Managment grew its position in QUALCOMM by 31.8% during the 3rd quarter. Groupama Asset Managment now owns 32,995 shares of the wireless technology company's stock worth $5,611,000 after acquiring an additional 7,969 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in QUALCOMM by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 526,616 shares of the wireless technology company's stock valued at $89,551,000 after purchasing an additional 3,171 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC lifted its position in QUALCOMM by 3.1% in the third quarter. Drucker Wealth 3.0 LLC now owns 7,410 shares of the wireless technology company's stock valued at $1,260,000 after purchasing an additional 224 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

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QUALCOMM Stock Up 3.6 %

Shares of QCOM traded up $4.85 during trading hours on Friday, hitting $139.25. The company had a trading volume of 10,947,680 shares, compared to its average volume of 8,878,501. The stock has a market capitalization of $154.01 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 2.01 and a beta of 1.28. The firm has a fifty day moving average price of $156.49 and a 200-day moving average price of $161.46. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $230.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Activity at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares of the company's stock, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total value of $509,400.00. Following the completion of the sale, the chief financial officer now owns 63,115 shares of the company's stock, valued at $10,716,927. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,666 shares of company stock valued at $5,047,052. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of several recent analyst reports. Evercore ISI cut their target price on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. TD Cowen lowered their price objective on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Benchmark restated a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $201.21.

QUALCOMM Company Profile

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.