QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Axa S.A.

AXA S.A. increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,807,011 shares of the wireless technology company's stock after buying an additional 191,474 shares during the period. QUALCOMM accounts for about 0.8% of AXA S.A.'s holdings, making the stock its 18th largest holding. AXA S.A. owned 0.16% of QUALCOMM worth $277,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. grew its holdings in shares of QUALCOMM by 1.6% in the third quarter. Franklin Resources Inc. now owns 6,832,693 shares of the wireless technology company's stock worth $1,213,023,000 after acquiring an additional 110,828 shares during the period. Oddo BHF Asset Management Sas bought a new stake in QUALCOMM during the third quarter valued at about $344,000. Principal Financial Group Inc. grew its position in shares of QUALCOMM by 5.2% during the third quarter. Principal Financial Group Inc. now owns 1,415,090 shares of the wireless technology company's stock valued at $240,636,000 after purchasing an additional 69,707 shares in the last quarter. Versant Capital Management Inc increased its stake in QUALCOMM by 56.2% in the 4th quarter. Versant Capital Management Inc now owns 1,713 shares of the wireless technology company's stock worth $263,000 after acquiring an additional 616 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in QUALCOMM during the fourth quarter valued at $111,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded up $2.69 on Wednesday, hitting $142.59. 3,247,952 shares of the company were exchanged, compared to its average volume of 8,855,793. 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's 50 day moving average price is $146.99 and its 200 day moving average price is $158.00. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $230.63. The firm has a market capitalization of $156.56 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.03. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The business had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same quarter in the previous year, the business earned $2.44 EPS. The company's quarterly revenue was up 17.0% compared to the same quarter last year. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's dividend payout ratio (DPR) is 36.25%.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of recent research reports. 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 report on Thursday, February 6th. Cantor Fitzgerald reiterated a "neutral" rating and set a $150.00 price objective on shares of QUALCOMM in a research report on Thursday, May 1st. Barclays dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Citigroup reduced their price objective on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $192.58.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares of the company's stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 269 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $131.10, for a total transaction of $35,265.90. Following the sale, the chief financial officer now directly owns 57,728 shares in the company, valued at $7,568,140.80. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,599 shares of company stock valued at $5,733,290. 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.