QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 45.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 105,298 shares of the wireless technology company’s stock after purchasing an additional 33,061 shares during the period. Mizuho Securities USA LLC’s holdings in QUALCOMM were worth $16,176,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in QUALCOMM in the fourth quarter valued at $1,322,000. Sciencast Management LP grew its holdings in QUALCOMM by 19.1% in the fourth quarter. Sciencast Management LP now owns 19,798 shares of the wireless technology company’s stock valued at $3,041,000 after purchasing an additional 3,181 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in QUALCOMM in the fourth quarter valued at $207,000. Summit Global Investments grew its holdings in QUALCOMM by 104.5% in the fourth quarter. Summit Global Investments now owns 98,722 shares of the wireless technology company’s stock valued at $15,166,000 after purchasing an additional 50,443 shares during the last quarter. Finally, Mindset Wealth Management LLC grew its holdings in QUALCOMM by 4.9% in the fourth quarter. Mindset Wealth Management LLC now owns 3,672 shares of the wireless technology company’s stock valued at $564,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the firm’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 sale, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. This trade represents a 48.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the sale, the chief financial officer now owns 63,115 shares of the company’s stock, valued at approximately $10,716,927. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,968 shares of company stock worth $4,685,077. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $156.82 on Friday. The company has a market cap of $173.44 billion, a P/E ratio of 16.75, a PEG 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. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The business’s 50-day simple moving average is $164.51 and its 200 day simple moving average is $163.98.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 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%. On average, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. 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 payout ratio is currently 36.32%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price on the stock. Melius Research assumed coverage on QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. Benchmark reaffirmed a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a research note on Friday, February 7th. Finally, Piper Sandler decreased 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. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Company 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.