Cetera Investment Advisers Has $79.24 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Cetera Investment Advisers reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 515,793 shares of the wireless technology company's stock after selling 3,866 shares during the period. Cetera Investment Advisers' holdings in QUALCOMM were worth $79,236,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in QUALCOMM in the fourth quarter valued at about $2,721,882,000. Amundi increased its stake in QUALCOMM by 36.6% during the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock valued at $2,313,634,000 after purchasing an additional 3,905,918 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of QUALCOMM during the fourth quarter worth $527,053,000. Northern Trust Corp lifted its position in shares of QUALCOMM by 12.7% in the 4th quarter. Northern Trust Corp now owns 13,289,513 shares of the wireless technology company's stock worth $2,041,535,000 after buying an additional 1,493,076 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of QUALCOMM by 525.5% during the 4th quarter. Capital Research Global Investors now owns 1,413,495 shares of the wireless technology company's stock valued at $217,141,000 after buying an additional 1,187,531 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 0.1 %

Shares of QUALCOMM stock traded up $0.20 during midday trading on Friday, hitting $145.30. The company's stock had a trading volume of 6,214,779 shares, compared to its average volume of 8,897,737. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $159.54 billion, a P/E ratio of 15.52, a PEG ratio of 2.01 and a beta of 1.29. The stock has a 50-day simple moving average of $146.38 and a 200-day simple moving average of $157.55.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.82 by $0.03. The firm had revenue of $10.98 billion during the quarter, compared to analyst estimates of $10.58 billion. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The business's quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $2.44 EPS. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.89 per share. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, June 5th. QUALCOMM's payout ratio is currently 36.25%.

Analyst Ratings Changes

Several analysts recently issued reports on QCOM shares. StockNews.com downgraded QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Susquehanna cut their price objective on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. Rosenblatt Securities restated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. Wells Fargo & Company dropped their price target on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays lowered their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $192.08.

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares of the company's stock, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $139.77, for a total transaction of $465,853.41. Following the transaction, the chief financial officer now owns 53,112 shares in the company, valued at $7,423,464.24. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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.