Ilmarinen Mutual Pension Insurance Co Has $26.12 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,000 shares of the wireless technology company's stock after buying an additional 55,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in QUALCOMM were worth $26,115,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QCOM. Norges Bank acquired a new position in QUALCOMM in the 4th quarter worth approximately $2,721,882,000. Amundi boosted its position in shares of QUALCOMM by 36.6% in the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock worth $2,313,634,000 after buying an additional 3,905,918 shares during the period. Raymond James Financial Inc. purchased a new position in shares of QUALCOMM during the fourth quarter valued at $527,053,000. Geode Capital Management LLC raised its position in QUALCOMM by 7.9% during the third quarter. Geode Capital Management LLC now owns 27,128,468 shares of the wireless technology company's stock valued at $4,600,625,000 after buying an additional 1,989,725 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in QUALCOMM by 202.6% in the 3rd quarter. Two Sigma Advisers LP now owns 2,061,900 shares of the wireless technology company's stock worth $350,626,000 after acquiring an additional 1,380,500 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares in the company, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Neil Martin sold 744 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,968 shares of company stock worth $4,685,077 in the last ninety days. Insiders own 0.08% of the company's stock.

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QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded down $11.96 during midday trading on Friday, hitting $127.46. The company's stock had a trading volume of 19,007,907 shares, compared to its average volume of 8,683,142. QUALCOMM Incorporated has a fifty-two week low of $126.68 and a fifty-two 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. The stock has a market capitalization of $140.97 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.01 and a beta of 1.28. The stock's 50 day simple moving average is $161.74 and its 200 day simple moving average is $163.05.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 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%. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Evercore ISI lowered 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 reiterated a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Mizuho lowered their price target on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.32.

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.