National Pension Service Increases Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

National Pension Service increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,426,064 shares of the wireless technology company’s stock after acquiring an additional 27,595 shares during the period. National Pension Service’s holdings in QUALCOMM were worth $372,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sitrin Capital Management LLC raised its position in shares of QUALCOMM by 1.0% in the 4th quarter. Sitrin Capital Management LLC now owns 30,174 shares of the wireless technology company’s stock worth $4,635,000 after buying an additional 302 shares during the period. Weil Company Inc. increased its stake in QUALCOMM by 7.9% during the fourth quarter. Weil Company Inc. now owns 1,358 shares of the wireless technology company’s stock worth $209,000 after acquiring an additional 100 shares during the last quarter. Advisor OS LLC raised its holdings in shares of QUALCOMM by 51.4% in the 4th quarter. Advisor OS LLC now owns 6,563 shares of the wireless technology company’s stock worth $1,008,000 after purchasing an additional 2,228 shares during the period. Lake Street Advisors Group LLC lifted its stake in shares of QUALCOMM by 5.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 12,844 shares of the wireless technology company’s stock valued at $1,973,000 after purchasing an additional 628 shares in the last quarter. Finally, FFT Wealth Management LLC grew its holdings in shares of QUALCOMM by 4.2% during the 4th quarter. FFT Wealth Management LLC now owns 2,522 shares of the wireless technology company’s stock worth $387,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley decreased their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Piper Sandler reduced their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group upped their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Stock Up 0.1 %

QCOM stock opened at $161.22 on Wednesday. The firm has a fifty day moving average price of $164.59 and a two-hundred day moving average price of $165.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The firm has a market cap of $178.31 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.11%. QUALCOMM’s dividend payout ratio is currently 36.32%.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the transaction, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 744 shares of the 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 transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,708 shares of company stock worth $7,713,734 in the last three months. 0.08% of the stock is owned by insiders.

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.