QUALCOMM (NASDAQ:QCOM) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of QUALCOMM Incorporated NASDAQ: QCOM. In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in QUALCOMM stock on November 20th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Nestlé OTCMKTS: NSRGY on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Southern Copper NYSE: SCCO on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 11/7/2024.

QUALCOMM Stock Performance

QUALCOMM stock traded up $1.33 during trading on Friday, hitting $156.79. The stock had a trading volume of 5,709,268 shares, compared to its average volume of 9,249,130. The stock's 50 day moving average is $167.82 and its two-hundred day moving average is $181.58. QUALCOMM Incorporated has a 1 year low of $125.67 and a 1 year high of $230.63. The stock has a market cap of $174.19 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.28. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM's payout ratio is currently 37.82%.

Analysts Set New Price Targets

QCOM has been the topic of a number of research reports. Rosenblatt Securities boosted their price objective on QUALCOMM from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Wolfe Research lowered shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Wednesday. Evercore ISI lifted their price target on QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, TD Cowen upgraded QUALCOMM to a "strong-buy" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, twelve have issued 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.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average price target of $210.15.

Insider Activity at QUALCOMM

In other news, insider Alexander H. Rogers sold 3,245 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the sale, the insider now owns 32,231 shares of the company's stock, valued at $5,355,180.65. The trade was a 9.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,450 shares of company stock valued at $2,911,306 over the last ninety days. Insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC raised its holdings in QUALCOMM by 17.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 354,389 shares of the wireless technology company's stock worth $60,264,000 after acquiring an additional 51,879 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of QUALCOMM by 39.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company's stock worth $30,068,000 after purchasing an additional 50,438 shares in the last quarter. Icon Wealth Advisors LLC raised its stake in shares of QUALCOMM by 123.2% in the third quarter. Icon Wealth Advisors LLC now owns 33,186 shares of the wireless technology company's stock worth $5,643,000 after purchasing an additional 18,315 shares during the last quarter. Aljian Capital Management LLC bought a new position in shares of QUALCOMM during the third quarter valued at $1,820,000. Finally, Czech National Bank boosted its position in shares of QUALCOMM by 6.5% during the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company's stock valued at $38,590,000 after buying an additional 13,888 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.