Vinva Investment Management Ltd Purchases 30,396 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Vinva Investment Management Ltd boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,470 shares of the wireless technology company's stock after acquiring an additional 30,396 shares during the period. Vinva Investment Management Ltd's holdings in QUALCOMM were worth $12,903,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QCOM. Bank of Marin boosted its stake in shares of QUALCOMM by 46.9% in the 4th quarter. Bank of Marin now owns 2,975 shares of the wireless technology company's stock valued at $457,000 after purchasing an additional 950 shares during the last quarter. North Forty Two & Co. acquired a new position in QUALCOMM in the fourth quarter valued at approximately $808,000. Brooklyn FI LLC bought a new position in QUALCOMM in the fourth quarter valued at approximately $389,000. Xponance Inc. grew its holdings in QUALCOMM by 1.9% during the 4th quarter. Xponance Inc. now owns 286,752 shares of the wireless technology company's stock worth $44,051,000 after acquiring an additional 5,236 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in QUALCOMM during the 4th quarter worth $12,302,000. Institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCOM. Mizuho reduced their price target on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Evercore ISI cut their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Melius initiated coverage on QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 target price for the company. Cantor Fitzgerald reiterated a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $205.32.

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Insider Activity

In other news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the transaction, the insider now owns 24,393 shares of the company's stock, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Neil Martin sold 744 shares of QUALCOMM 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 sale, the chief accounting officer now directly owns 461 shares of the company's stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,968 shares of company stock valued at $4,685,077 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock traded down $1.13 during trading on Friday, hitting $156.82. 10,940,080 shares of the stock were exchanged, compared to its average volume of 8,238,854. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The stock has a market capitalization of $173.44 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The company has a fifty day moving average price of $164.51 and a 200-day moving average price of $163.98. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 annualized dividend and a dividend yield of 2.17%. QUALCOMM's dividend payout ratio is currently 36.32%.

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.