Securian Asset Management Inc. Has $9.17 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Securian Asset Management Inc. lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,711 shares of the wireless technology company's stock after selling 1,902 shares during the quarter. Securian Asset Management Inc.'s holdings in QUALCOMM were worth $9,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Liberty Wealth Management LLC boosted its holdings in shares of QUALCOMM by 10.4% in the fourth quarter. Liberty Wealth Management LLC now owns 1,570 shares of the wireless technology company's stock valued at $241,000 after buying an additional 148 shares during the period. Great Lakes Advisors LLC lifted its position in shares of QUALCOMM by 4.1% in the fourth quarter. Great Lakes Advisors LLC now owns 4,506 shares of the wireless technology company's stock worth $692,000 after purchasing an additional 179 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of QUALCOMM by 4.5% in the fourth quarter. Truvestments Capital LLC now owns 35,508 shares of the wireless technology company's stock worth $5,455,000 after purchasing an additional 1,517 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in shares of QUALCOMM in the fourth quarter worth $215,000. Finally, Farther Finance Advisors LLC lifted its position in shares of QUALCOMM by 16.5% in the fourth quarter. Farther Finance Advisors LLC now owns 18,839 shares of the wireless technology company's stock worth $2,894,000 after purchasing an additional 2,668 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Trading Down 1.2 %

Shares of QUALCOMM stock opened at $153.10 on Wednesday. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The stock's 50-day simple moving average is $164.76 and its 200 day simple moving average is $164.78. The stock has a market capitalization of $169.33 billion, a P/E ratio of 16.36, 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.

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QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its 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 net margin of 25.94% and a return on equity of 39.51%. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's payout ratio is 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value 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 $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now directly owns 19,739 shares of the company's stock, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,955 shares of company stock valued at $4,847,350. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the topic of a number of research reports. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Susquehanna dropped their price target on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, November 20th. 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 on the stock. Piper Sandler dropped their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $205.32.

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.

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