Natixis Advisors LLC Grows Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Key Points

• Natixis Advisors LLC increased its stake in QUALCOMM by 36% in the first quarter, acquiring an additional 301,835 shares and holding 1,140,307 shares worth approximately $175.16 million.
• Major insider sales include 412,500 shares sold by a major shareholder and 3,333 shares sold by the CFO, indicating notable insider activity in the company.
• QUALCOMM declared a quarterly dividend of $0.89 per share, representing an annualized yield of 2.20%, which will be paid to investors of record on September 4th.

Natixis Advisors LLC boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 36.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,140,307 shares of the wireless technology company's stock after buying an additional 301,835 shares during the period. Natixis Advisors LLC owned approximately 0.10% of QUALCOMM worth $175,163,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Eagle Strategies LLC lifted its stake in shares of QUALCOMM by 4.3% in the 4th quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company's stock valued at $219,000 after acquiring an additional 59 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in shares of QUALCOMM by 3.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock valued at $264,000 after buying an additional 59 shares during the period. Westwood Holdings Group Inc. raised its holdings in QUALCOMM by 2.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock valued at $509,000 after buying an additional 69 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after buying an additional 70 shares during the period. Finally, Circle Wealth Management LLC grew its holdings in QUALCOMM by 1.0% during the 4th quarter. Circle Wealth Management LLC now owns 7,176 shares of the wireless technology company's stock worth $1,102,000 after acquiring an additional 74 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Down 1.9%

QCOM traded down $3.02 during midday trading on Wednesday, reaching $159.06. 14,086,123 shares of the company were exchanged, compared to its average volume of 6,463,369. The company has a market cap of $174.65 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company's fifty day moving average price is $155.06 and its 200 day moving average price is $155.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.73.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.82 by $0.03. The firm had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 EPS. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's payout ratio is 36.25%.

Analyst Ratings Changes

Several equities analysts have issued reports on QCOM shares. Susquehanna decreased their price target on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. UBS Group increased their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $150.00 target price on shares of QUALCOMM in a report on Thursday, May 1st. TD Cowen decreased their price target on QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Wall Street Zen raised QUALCOMM from a "hold" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of "Hold" and an average price target of $183.95.

Insiders Place Their Bets

In other news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was 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 $3,139,507.82. This trade represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 424,099 shares of company stock valued at $8,310,735 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM 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.