Caisse Des Depots ET Consignations Takes Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Caisse Des Depots ET Consignations acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,858 shares of the wireless technology company's stock, valued at approximately $3,665,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in QUALCOMM in the 4th quarter worth approximately $26,000. CKW Financial Group purchased a new position in shares of QUALCOMM in the fourth quarter valued at $27,000. Centricity Wealth Management LLC acquired a new stake in QUALCOMM during the 4th quarter valued at $29,000. CoreFirst Bank & Trust purchased a new stake in QUALCOMM during the 4th quarter worth $33,000. Finally, Synergy Asset Management LLC purchased a new position in QUALCOMM in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

QUALCOMM stock traded down $5.25 during trading hours on Friday, hitting $152.72. 8,915,861 shares of the company traded hands, compared to its average volume of 8,605,322. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The firm has a market cap of $168.91 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.01 and a beta of 1.28. The firm's 50-day simple moving average is $164.16 and its two-hundred day simple moving average is $163.84. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

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QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, March 6th. QUALCOMM's payout ratio is currently 36.32%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Melius initiated 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. Piper Sandler decreased their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Mizuho reduced their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and an average price target of $205.32.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now directly owns 24,393 shares of the company's stock, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,968 shares of company stock worth $4,685,077. 0.08% of the stock is owned by corporate insiders.

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.