QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Lessened by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,477,529 shares of the wireless technology company's stock after selling 490,625 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.13% of QUALCOMM worth $226,978,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Reynders McVeigh Capital Management LLC lifted its position in QUALCOMM by 31.1% during the third quarter. Reynders McVeigh Capital Management LLC now owns 2,106 shares of the wireless technology company's stock valued at $358,000 after buying an additional 499 shares in the last quarter. Redwood Grove Capital LLC lifted its holdings in shares of QUALCOMM by 31.3% during the 3rd quarter. Redwood Grove Capital LLC now owns 103,206 shares of the wireless technology company's stock valued at $17,550,000 after acquiring an additional 24,606 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in QUALCOMM by 2.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 485,500 shares of the wireless technology company's stock worth $82,559,000 after purchasing an additional 12,796 shares during the period. Quantinno Capital Management LP raised its position in QUALCOMM by 40.8% in the third quarter. Quantinno Capital Management LP now owns 144,118 shares of the wireless technology company's stock valued at $24,507,000 after purchasing an additional 41,792 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of QUALCOMM by 0.6% during the third quarter. Stifel Financial Corp now owns 1,625,353 shares of the wireless technology company's stock worth $276,397,000 after purchasing an additional 10,037 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

NASDAQ:QCOM traded up $0.65 during mid-day trading on Monday, hitting $128.11. The stock had a trading volume of 6,728,458 shares, compared to its average volume of 8,676,364. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $161.74 and a 200-day simple moving average of $163.05. The stock has a market capitalization of $141.69 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52 week low of $120.95 and a 52 week high of $230.63.

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

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 6th. QUALCOMM's payout ratio is currently 36.32%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,337 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the transaction, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at approximately $9,374,385.96. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares in the company, valued at $3,762,376.32. This represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock worth $4,685,077 in the last 90 days. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Mizuho dropped their target price on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Cantor Fitzgerald reiterated a "neutral" rating and set a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Melius Research 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. Evercore ISI lowered their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Finally, Rosenblatt Securities restated a "buy" rating and set a $250.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Company 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.