Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 144.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 178,621 shares of the wireless technology company's stock after acquiring an additional 105,469 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in QUALCOMM were worth $27,440,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Aviva PLC lifted its position in QUALCOMM by 28.8% during the 4th quarter. Aviva PLC now owns 671,434 shares of the wireless technology company's stock valued at $103,146,000 after acquiring an additional 150,018 shares during the period. Oarsman Capital Inc. increased its stake in shares of QUALCOMM by 20.1% during the fourth quarter. Oarsman Capital Inc. now owns 16,866 shares of the wireless technology company's stock valued at $2,591,000 after purchasing an additional 2,825 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in shares of QUALCOMM by 3.2% during the fourth quarter. KCM Investment Advisors LLC now owns 44,490 shares of the wireless technology company's stock valued at $6,835,000 after purchasing an additional 1,385 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of QUALCOMM in the 4th quarter worth approximately $50,639,000. Finally, Orion Investment Co grew its stake in shares of QUALCOMM by 0.9% in the 4th quarter. Orion Investment Co now owns 122,747 shares of the wireless technology company's stock worth $18,856,000 after buying an additional 1,117 shares during the last quarter. Institutional investors own 74.35% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on QCOM shares. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Piper Sandler dropped their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Evercore ISI cut their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Finally, 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 on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $205.32.
Read Our Latest Report on QUALCOMM
Insider Buying and Selling
In other news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 24,393 shares of the company's stock, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,968 shares of company stock worth $4,685,077. 0.08% of the stock is owned by insiders.
QUALCOMM Stock Performance
QCOM stock traded up $2.26 on Monday, hitting $129.72. The company's stock had a trading volume of 17,928,990 shares, compared to its average volume of 8,719,977. QUALCOMM Incorporated has a 1 year low of $120.95 and a 1 year high of $230.63. The stock has a market cap of $143.47 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The firm has a 50 day moving average of $161.74 and a two-hundred day moving average of $163.05. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. Equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.
QUALCOMM Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.62%. QUALCOMM's dividend payout ratio is currently 36.32%.
QUALCOMM Profile
(
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.
See Also
Before you consider QUALCOMM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QUALCOMM wasn't on the list.
While QUALCOMM currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
