Generali Investments CEE investicni spolecnost a.s. Grows Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Generali Investments CEE investicni spolecnost a.s. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,383 shares of the wireless technology company's stock after purchasing an additional 2,483 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in QUALCOMM were worth $4,206,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new stake in QUALCOMM in the 1st quarter valued at about $27,000. Banque Transatlantique SA acquired a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $26,000. Sunbeam Capital Management LLC purchased a new position in shares of QUALCOMM during the 4th quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of QUALCOMM during the 4th quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Price Performance

QUALCOMM stock opened at $162.11 on Friday. The firm has a fifty day moving average of $151.32 and a 200-day moving average of $154.93. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $211.09. The company has a quick ratio of 2.08, a current ratio of 2.73 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $177.99 billion, a P/E ratio of 16.51, a PEG ratio of 2.09 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 (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.03. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a return on equity of 40.11% and a net margin of 26.11%. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 EPS. As a group, analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's dividend payout ratio (DPR) is currently 36.25%.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total transaction of $220,384.00. Following the completion of the sale, the insider directly owned 22,793 shares of the company's stock, valued at approximately $3,139,507.82. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were 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. Over the last three months, insiders have sold 425,016 shares of company stock valued at $8,437,440. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Bank of America reduced their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Loop Capital decreased their price target on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup cut their price objective on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. 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's stock. Based on data from MarketBeat, QUALCOMM presently has an average rating of "Hold" and a consensus price target of $186.96.

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.

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