Rakuten Securities Inc. Has $786,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Rakuten Securities Inc. lowered its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 38.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,114 shares of the wireless technology company's stock after selling 3,203 shares during the quarter. Rakuten Securities Inc.'s holdings in QUALCOMM were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM in the 4th quarter worth $26,000. CKW Financial Group purchased a new stake in QUALCOMM during the fourth quarter valued at $27,000. Centricity Wealth Management LLC purchased a new position in shares of QUALCOMM in the 4th quarter worth $29,000. Planning Capital Management Corp lifted its holdings in shares of QUALCOMM by 137.3% in the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after acquiring an additional 114 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in QUALCOMM in the fourth quarter worth about $38,000. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

QCOM stock traded down $0.86 during midday trading on Thursday, reaching $151.94. The company had a trading volume of 5,834,592 shares, compared to its average volume of 8,293,324. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $164.70 and a 200 day moving average price of $164.61. The firm has a market capitalization of $168.05 billion, a PE ratio of 16.23, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63.

Remove Ads

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued 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%. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.24%. QUALCOMM's dividend payout ratio is presently 36.32%.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the firm'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 sale, the chief accounting officer now directly owns 461 shares in the company, valued at approximately $80,596.63. This trade represents a 61.74 % 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, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now directly owns 24,393 shares in the company, valued at $3,762,376.32. This represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,555 shares of company stock valued at $5,094,134. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on QCOM. Susquehanna lowered their price objective on QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, November 20th. Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective on the stock. Barclays decreased their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Mizuho cut their price target on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler decreased their price objective on shares of 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, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and an average target price of $205.32.

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.