ING Groep NV Sells 75,019 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

ING Groep NV lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 676,144 shares of the wireless technology company's stock after selling 75,019 shares during the period. QUALCOMM comprises 0.7% of ING Groep NV's holdings, making the stock its 25th biggest holding. ING Groep NV owned approximately 0.06% of QUALCOMM worth $103,869,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of QCOM. Reston Wealth Management LLC bought a new stake in QUALCOMM during the 3rd quarter worth $26,000. CKW Financial Group acquired a new stake in shares of QUALCOMM during the fourth quarter valued at about $27,000. Planning Capital Management Corp grew its holdings in shares of QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in shares of QUALCOMM in the third quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC bought a new position in QUALCOMM in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

QCOM traded down $8.36 on Friday, hitting $165.34. The company's stock had a trading volume of 12,355,394 shares, compared to its average volume of 7,647,333. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The firm has a market cap of $182.87 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company's 50 day simple moving average is $164.32 and its 200-day simple moving average is $165.67.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 39.51% and a net margin of 25.94%. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio is presently 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 7,717 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,239,273.03. Following the sale, the general counsel now owns 17,153 shares of the company's stock, valued at $2,754,600.27. This trade represents a 31.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the transaction, the chief financial officer now directly owns 48,778 shares of the company's stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,964 shares of company stock valued at $7,583,661. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a research report on Thursday, November 7th. Evercore ISI cut their price target on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Barclays dropped their price target on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Susquehanna cut their price target on QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, November 20th. Finally, Loop Capital started coverage on QUALCOMM in a research note on Monday, November 11th. They issued a "hold" rating and a $180.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.