Achmea Investment Management B.V. Boosts Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Achmea Investment Management B.V. grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,898 shares of the wireless technology company's stock after purchasing an additional 13,674 shares during the quarter. Achmea Investment Management B.V.'s holdings in QUALCOMM were worth $32,552,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC lifted its stake in shares of QUALCOMM by 6.2% in the third quarter. Apollon Wealth Management LLC now owns 30,409 shares of the wireless technology company's stock worth $5,171,000 after buying an additional 1,772 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of QUALCOMM in the third quarter worth about $1,598,000. WealthPLAN Partners LLC lifted its stake in shares of QUALCOMM by 16.8% in the third quarter. WealthPLAN Partners LLC now owns 1,909 shares of the wireless technology company's stock worth $325,000 after buying an additional 275 shares in the last quarter. Savvy Advisors Inc. lifted its stake in shares of QUALCOMM by 213.0% in the third quarter. Savvy Advisors Inc. now owns 4,084 shares of the wireless technology company's stock worth $694,000 after buying an additional 2,779 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of QUALCOMM in the third quarter worth about $801,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In related 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 value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,555 shares of company stock valued at $5,094,134 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

QCOM has been the topic of several research reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Piper Sandler reduced their target price on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Susquehanna reduced their target price on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday, November 20th. Evercore ISI reduced their target price 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. Finally, Melius Research assumed coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $205.32.

QUALCOMM Stock Down 0.6 %

Shares of NASDAQ:QCOM traded down $0.86 during trading on Thursday, hitting $151.94. 5,834,592 shares of the company were exchanged, compared to its average volume of 8,293,324. The stock has a market capitalization of $168.05 billion, a P/E ratio of 16.23, a PEG ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The firm's 50 day moving average price is $164.70 and its 200-day moving average price is $164.61.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal 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 paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.24%. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

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.