Exchange Traded Concepts LLC Has $51.42 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Exchange Traded Concepts LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 334,741 shares of the wireless technology company's stock after purchasing an additional 30,583 shares during the quarter. QUALCOMM makes up 0.9% of Exchange Traded Concepts LLC's investment portfolio, making the stock its 25th largest holding. Exchange Traded Concepts LLC's holdings in QUALCOMM were worth $51,420,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. grew its stake in QUALCOMM by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 113,730,186 shares of the wireless technology company's stock valued at $17,471,231,000 after buying an additional 707,468 shares during the last quarter. Geode Capital Management LLC boosted its holdings in QUALCOMM by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 27,798,900 shares of the wireless technology company's stock valued at $4,262,826,000 after acquiring an additional 670,432 shares during the period. Norges Bank acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $2,721,882,000. Amundi increased its stake in shares of QUALCOMM by 36.6% in the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock worth $2,313,634,000 after purchasing an additional 3,905,918 shares during the period. Finally, Northern Trust Corp lifted its position in shares of QUALCOMM by 12.7% during 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 purchasing an additional 1,493,076 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total value of $220,384.00. Following the sale, the insider now owns 22,793 shares in the company, valued at $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 SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $146.10, for a total value of $486,951.30. Following the sale, the chief financial officer now owns 49,779 shares in the company, valued at $7,272,711.90. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 423,464 shares of company stock valued at $8,135,164. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $185.00 price target on shares of QUALCOMM in a research report on Tuesday, April 29th. Citigroup dropped their target price 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. Benchmark reduced their price target on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Susquehanna reduced their price target on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a report on Thursday, May 1st. Finally, Loop Capital dropped their price objective on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of "Hold" and a consensus target price of $189.88.

QUALCOMM Trading Up 0.7%

Shares of NASDAQ QCOM traded up $1.07 during mid-day trading on Monday, hitting $155.79. The company's stock had a trading volume of 2,422,001 shares, compared to its average volume of 8,717,726. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63. The company's fifty day simple moving average is $145.85 and its 200-day simple moving average is $155.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The stock has a market cap of $171.06 billion, a price-to-earnings ratio of 16.65, 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 data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. The firm had revenue of $10.98 billion for the quarter, compared to analysts' expectations of $10.58 billion. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The business's revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm earned $2.44 earnings per share. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a $0.89 dividend. The ex-dividend date is Thursday, June 5th. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a dividend yield of 2.29%. QUALCOMM's dividend payout ratio is 36.25%.

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.