Vanguard Group Inc. Buys 707,468 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Vanguard Group Inc. boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,730,186 shares of the wireless technology company's stock after buying an additional 707,468 shares during the quarter. Vanguard Group Inc. owned approximately 10.28% of QUALCOMM worth $17,471,231,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC raised its stake in QUALCOMM by 0.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 17,112 shares of the wireless technology company's stock valued at $2,910,000 after purchasing an additional 150 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in shares of QUALCOMM during the third quarter valued at about $1,617,000. GenTrust LLC lifted its stake in shares of QUALCOMM by 128.2% in the third quarter. GenTrust LLC now owns 2,396 shares of the wireless technology company's stock valued at $407,000 after buying an additional 1,346 shares during the period. Nicolet Advisory Services LLC grew its position in QUALCOMM by 20.0% during the third quarter. Nicolet Advisory Services LLC now owns 1,701 shares of the wireless technology company's stock worth $287,000 after buying an additional 283 shares in the last quarter. Finally, Certified Advisory Corp increased its stake in QUALCOMM by 8.5% during the third quarter. Certified Advisory Corp now owns 10,023 shares of the wireless technology company's stock valued at $1,704,000 after acquiring an additional 787 shares during the period. 74.35% of the stock is currently owned by institutional investors.

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Insider Activity at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the business'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 transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares in the company, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now owns 20,762 shares in the company, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,968 shares of company stock worth $4,685,077. Company insiders own 0.08% of the company's stock.

QUALCOMM Trading Up 0.4 %

QUALCOMM stock traded up $0.59 during mid-day trading on Thursday, hitting $158.98. The stock had a trading volume of 948,798 shares, compared to its average volume of 8,193,624. The stock has a market capitalization of $175.83 billion, a PE ratio of 16.97, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $164.47 and a two-hundred day simple moving average of $163.92.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (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%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. 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 2.14%. QUALCOMM's payout ratio is 36.32%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on QCOM shares. Melius started coverage on QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 price objective on the stock. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Mizuho dropped 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. Barclays decreased their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Benchmark restated a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.

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.