QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Cut by BDF Gestion

BDF Gestion lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,546 shares of the wireless technology company's stock after selling 3,059 shares during the period. BDF Gestion's holdings in QUALCOMM were worth $3,617,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new stake in QUALCOMM in the 2nd quarter worth approximately $896,000. Ascent Group LLC lifted its stake in shares of QUALCOMM by 13.4% in the 2nd quarter. Ascent Group LLC now owns 2,829 shares of the wireless technology company's stock valued at $564,000 after purchasing an additional 335 shares during the period. Algert Global LLC purchased a new position in QUALCOMM during the 2nd quarter valued at about $366,000. Advisory Alpha LLC boosted its holdings in QUALCOMM by 33.3% in the second quarter. Advisory Alpha LLC now owns 2,499 shares of the wireless technology company's stock worth $498,000 after acquiring an additional 624 shares in the last quarter. Finally, New Century Financial Group LLC bought a new stake in shares of QUALCOMM during the second quarter valued at approximately $360,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now directly owns 19,739 shares in the company, valued at approximately $3,121,130.68. The trade was a 11.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,882 shares of company stock valued at $4,314,649. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

QCOM has been the topic of several research reports. Melius Research began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 target price on shares of QUALCOMM in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark reissued a "buy" rating and issued a $240.00 price objective on shares of QUALCOMM in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, QUALCOMM currently has an average rating of "Moderate Buy" and an average price target of $206.57.

QUALCOMM Trading Up 0.1 %

NASDAQ QCOM traded up $0.22 during mid-day trading on Thursday, reaching $171.93. 5,884,850 shares of the stock were exchanged, compared to its average volume of 7,468,226. QUALCOMM Incorporated has a 1-year low of $139.26 and a 1-year high of $230.63. The stock has a market capitalization of $191.01 billion, a PE ratio of 19.12, a PEG ratio of 2.84 and a beta of 1.25. The business's fifty day simple moving average is $160.11 and its 200 day simple moving average is $166.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.25. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.14 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is presently 37.82%.

QUALCOMM 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.