Natixis Has $25.63 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Natixis trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 57.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,805 shares of the wireless technology company's stock after selling 223,326 shares during the quarter. Natixis' holdings in QUALCOMM were worth $25,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM during the fourth quarter valued at about $26,000. CKW Financial Group acquired a new stake in QUALCOMM during the 4th quarter valued at $27,000. Centricity Wealth Management LLC acquired a new stake in shares of QUALCOMM in the fourth quarter worth $29,000. CoreFirst Bank & Trust purchased a new position in shares of QUALCOMM during the fourth quarter valued at $33,000. Finally, Synergy Asset Management LLC purchased a new stake in QUALCOMM in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares of the company's stock, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,666 shares of company stock valued at $5,047,052. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on QCOM. Evercore ISI lowered their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. TD Cowen dropped their price objective on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Benchmark restated a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. Finally, Piper Sandler cut their price objective on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, QUALCOMM currently has an average rating of "Hold" and an average price target of $201.21.

QUALCOMM Trading Up 0.6 %

NASDAQ:QCOM traded up $0.80 on Friday, hitting $136.54. 7,093,008 shares of the stock were exchanged, compared to its average volume of 8,877,869. The stock has a market capitalization of $151.01 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63. The company's 50-day moving average price is $153.10 and its 200 day moving average price is $160.28.

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

About QUALCOMM

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.