QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 222.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,254 shares of the wireless technology company's stock after acquiring an additional 69,855 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in QUALCOMM were worth $15,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paulson Wealth Management Inc. raised its position in shares of QUALCOMM by 2.2% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,791 shares of the wireless technology company's stock valued at $475,000 after buying an additional 61 shares in the last quarter. Blossom Wealth Management boosted its stake in shares of QUALCOMM by 2.6% during the third quarter. Blossom Wealth Management now owns 2,551 shares of the wireless technology company's stock valued at $434,000 after purchasing an additional 64 shares in the last quarter. Delta Financial Advisors LLC raised its holdings in QUALCOMM by 2.1% in the third quarter. Delta Financial Advisors LLC now owns 3,221 shares of the wireless technology company's stock worth $548,000 after purchasing an additional 65 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in QUALCOMM by 3.1% in the fourth quarter. Toth Financial Advisory Corp now owns 2,190 shares of the wireless technology company's stock worth $336,000 after purchasing an additional 65 shares during the last quarter. Finally, CFS Investment Advisory Services LLC boosted its holdings in QUALCOMM by 1.1% in the fourth quarter. CFS Investment Advisory Services LLC now owns 6,050 shares of the wireless technology company's stock worth $929,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Up 0.6 %

QCOM traded up $1.01 during midday trading on Wednesday, hitting $174.05. The company had a trading volume of 4,846,543 shares, compared to its average volume of 7,277,951. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The stock's 50 day moving average price is $161.31 and its 200 day moving average price is $165.95. QUALCOMM Incorporated has a 52 week low of $142.43 and a 52 week high of $230.63. The company has a market capitalization of $193.36 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.87 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $9.90 billion. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given 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 1.95%. QUALCOMM's dividend payout ratio is presently 37.82%.

Insider Buying and Selling at QUALCOMM

In related news, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares in the company, valued at $5,360,975.97. This represents a 23.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,981 shares of company stock valued at $4,000,870 over the last three months. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on QCOM shares. Benchmark reaffirmed a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Sanford C. Bernstein lifted their price target on QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Evercore ISI upped their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Susquehanna decreased their target price on QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company lifted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $206.57.

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.