Machina Capital S.A.S. Has $1.60 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Machina Capital S.A.S. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 181.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,406 shares of the wireless technology company's stock after acquiring an additional 6,709 shares during the quarter. Machina Capital S.A.S.'s holdings in QUALCOMM were worth $1,599,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in shares of QUALCOMM by 39.7% in the 4th quarter. Nordea Investment Management AB now owns 1,841,103 shares of the wireless technology company's stock valued at $284,708,000 after buying an additional 523,244 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in QUALCOMM by 21.9% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 27,596 shares of the wireless technology company's stock worth $4,239,000 after acquiring an additional 4,955 shares in the last quarter. FNY Investment Advisers LLC bought a new position in QUALCOMM during the fourth quarter worth about $2,058,000. Burney Co. grew its stake in QUALCOMM by 665.6% in the fourth quarter. Burney Co. now owns 146,911 shares of the wireless technology company's stock valued at $22,568,000 after acquiring an additional 127,722 shares during the period. Finally, Howard Bailey Securities LLC bought a new stake in shares of QUALCOMM in the fourth quarter worth about $240,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 10,373 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 transaction of $1,665,800.07. Following the sale, the insider now owns 33,383 shares of the company's stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,045 shares of company stock worth $7,752,423. Company insiders own 0.08% of the company's stock.

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QUALCOMM Stock Performance

Shares of QCOM traded up $5.18 during midday trading on Friday, reaching $161.22. The stock had a trading volume of 8,725,530 shares, compared to its average volume of 8,297,443. The firm has a market cap of $178.31 billion, a PE ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.28. The firm has a 50 day simple moving average of $164.76 and a 200-day simple moving average of $165.09. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. 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 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%. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's payout ratio is presently 36.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays cut their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Evercore ISI cut their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Benchmark reissued a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Susquehanna dropped their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, November 20th. Finally, Melius assumed coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.