Achmea Investment Management B.V. Has $36.40 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Achmea Investment Management B.V. raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 236,941 shares of the wireless technology company's stock after acquiring an additional 25,043 shares during the quarter. Achmea Investment Management B.V.'s holdings in QUALCOMM were worth $36,396,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Waverton Investment Management Ltd raised its holdings in QUALCOMM by 4.3% in the first quarter. Waverton Investment Management Ltd now owns 1,604,898 shares of the wireless technology company's stock worth $246,504,000 after purchasing an additional 66,089 shares during the period. Illinois Municipal Retirement Fund raised its position in QUALCOMM by 8.9% during the first quarter. Illinois Municipal Retirement Fund now owns 186,799 shares of the wireless technology company's stock worth $28,694,000 after acquiring an additional 15,334 shares in the last quarter. Diversified Trust Co increased its position in QUALCOMM by 4.8% during the first quarter. Diversified Trust Co now owns 63,078 shares of the wireless technology company's stock worth $9,689,000 after buying an additional 2,886 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in QUALCOMM by 3.9% during the first quarter. Beacon Financial Advisory LLC now owns 10,163 shares of the wireless technology company's stock worth $1,561,000 after purchasing an additional 385 shares during the period. Finally, Falcon Wealth Planning boosted its holdings in shares of QUALCOMM by 3.8% during the 1st quarter. Falcon Wealth Planning now owns 3,498 shares of the wireless technology company's stock worth $537,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Up 1.4%

QCOM opened at $158.19 on Friday. The company has a 50 day moving average of $149.00 and a 200 day moving average of $154.82. The company has a current ratio of 2.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $211.09. The company has a market cap of $173.69 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced 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 40.11% and a net margin of 26.11%. The company had revenue of $10.98 billion during the quarter, compared to analysts' expectations of $10.58 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.25%. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, June 5th. QUALCOMM's payout ratio is presently 36.25%.

Analyst Ratings Changes

QCOM has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird lowered their price objective on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Bank of America dropped their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. Finally, TD Cowen reduced their price objective on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $186.96.

Insiders Place Their Bets

In other news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $137.74, for a total transaction of $220,384.00. Following the transaction, the insider now directly owns 22,793 shares of the company's stock, valued at approximately $3,139,507.82. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of QUALCOMM stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $6,600,000.00. The disclosure for this sale can be found here. Insiders have sold 423,464 shares of company stock worth $8,135,164 in the last ninety days. 0.08% of the stock is currently 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.

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