QUALCOMM Incorporated (NASDAQ:QCOM) is Axa S.A.'s 10th Largest Position

AXA S.A. lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,002,902 shares of the wireless technology company's stock after selling 54,303 shares during the period. QUALCOMM makes up approximately 1.2% of AXA S.A.'s holdings, making the stock its 10th largest holding. AXA S.A. owned about 0.18% of QUALCOMM worth $398,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Albar Capital Ltd bought a new position in shares of QUALCOMM during the second quarter valued at approximately $6,232,000. Alpha DNA Investment Management LLC raised its stake in shares of QUALCOMM by 32.8% in the second quarter. Alpha DNA Investment Management LLC now owns 6,045 shares of the wireless technology company's stock worth $1,204,000 after buying an additional 1,492 shares during the period. Kingfisher Capital LLC increased its stake in QUALCOMM by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,820 shares of the wireless technology company's stock worth $362,000 after buying an additional 81 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of QUALCOMM by 6.2% in the second quarter. Toronto Dominion Bank now owns 767,394 shares of the wireless technology company's stock worth $152,850,000 after buying an additional 44,618 shares in the last quarter. Finally, Fred Alger Management LLC grew its holdings in QUALCOMM by 5.8% during the 2nd quarter. Fred Alger Management LLC now owns 55,972 shares of the wireless technology company's stock valued at $11,149,000 after buying an additional 3,078 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD Cowen raised QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. HSBC downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating and set a $200.00 price objective on the stock. in a report on Wednesday, July 17th. DZ Bank raised QUALCOMM from a "hold" rating to a "buy" rating and set a $210.00 price target for the company in a research report on Friday, August 2nd. Piper Sandler reaffirmed an "overweight" rating and issued a $205.00 price objective (up from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. Finally, StockNews.com raised QUALCOMM from a "buy" rating to a "strong-buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.67.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $205.61, for a total value of $616,830.00. Following the completion of the transaction, the chief financial officer now directly owns 60,343 shares in the company, valued at $12,407,124.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $160.50, for a total value of $1,284,000.00. Following the transaction, the chief technology officer now owns 229,987 shares in the company, valued at $36,912,913.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction on Friday, July 5th. The shares were sold at an average price of $205.61, for a total value of $616,830.00. Following the sale, the chief financial officer now directly owns 60,343 shares of the company's stock, valued at $12,407,124.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,000 shares of company stock valued at $3,496,590. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 0.4 %

QUALCOMM stock traded up $0.61 during midday trading on Wednesday, hitting $167.56. 3,310,126 shares of the stock were exchanged, compared to its average volume of 9,239,454. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The company has a 50 day moving average price of $170.82 and a two-hundred day moving average price of $182.16. The firm has a market cap of $186.66 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.82 and a beta of 1.28. QUALCOMM Incorporated has a 1 year low of $104.33 and a 1 year high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.21. The business had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. On average, sell-side analysts predict that QUALCOMM Incorporated will post 8 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be given a $0.85 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.03%. QUALCOMM's dividend payout ratio is presently 45.70%.

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.