QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by StoneX Group Inc.

StoneX Group Inc. raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,488 shares of the wireless technology company's stock after purchasing an additional 1,714 shares during the quarter. StoneX Group Inc.'s holdings in QUALCOMM were worth $3,455,000 at the end of the most recent reporting period.

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

Insider Activity

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares of the company's stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total value of $509,400.00. Following the completion of the transaction, the chief financial officer now owns 63,115 shares in the company, valued at approximately $10,716,927. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock valued at $4,685,077 in the last ninety days. Company insiders own 0.08% of the company's stock.

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Analysts Set New Price Targets

QCOM has been the subject of a number of recent analyst reports. Barclays reduced their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Mizuho reduced their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Evercore ISI lowered 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 report on Thursday, February 6th. Melius Research started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 price target for the company. Finally, Piper Sandler lowered their price target on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.32.

QUALCOMM Trading Down 0.4 %

QUALCOMM stock traded down $0.56 during trading on Tuesday, hitting $153.05. The company's stock had a trading volume of 5,704,405 shares, compared to its average volume of 8,601,419. The stock's fifty day moving average is $163.66 and its 200 day moving average is $163.64. QUALCOMM Incorporated has a 1-year low of $147.88 and a 1-year high of $230.63. The stock has a market capitalization of $169.27 billion, a price-to-earnings ratio of 16.35, 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 (NASDAQ:QCOM - Get Free Report) last posted 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 net margin of 25.94% and a return on equity of 39.51%. As a group, equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.85 dividend. The ex-dividend date was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.22%. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

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.