Triglav Skladi D.O.O. Buys Shares of 41,329 QUALCOMM Incorporated (NASDAQ:QCOM)

Triglav Skladi D.O.O. bought a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 41,329 shares of the wireless technology company's stock, valued at approximately $6,349,000.

Several other institutional investors have also added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of QUALCOMM in the 4th quarter worth $26,000. Banque Transatlantique SA bought a new stake in shares of QUALCOMM in the fourth quarter worth $26,000. CKW Financial Group bought a new stake in shares of QUALCOMM in the fourth quarter worth $27,000. Centricity Wealth Management LLC bought a new stake in shares of QUALCOMM in the fourth quarter worth $29,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of QUALCOMM in the fourth quarter worth $33,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $139.77, for a total transaction of $465,853.41. Following the completion of the transaction, the chief financial officer now owns 53,112 shares in the company, valued at $7,423,464.24. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the business'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 transaction, the insider now owns 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 13,312 shares of company stock worth $1,948,379. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Loop Capital cut their price objective on QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Evercore ISI cut their price objective on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Seaport Res Ptn raised QUALCOMM to a "hold" rating in a report on Friday, May 9th. StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, Robert W. Baird decreased their target price on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of "Hold" and a consensus price target of $192.08.

QUALCOMM Price Performance

NASDAQ:QCOM traded down $2.51 on Wednesday, reaching $151.31. 9,679,430 shares of the company's stock traded hands, compared to its average volume of 8,897,571. 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 stock has a 50-day simple moving average of $145.89 and a 200-day simple moving average of $156.67. The firm has a market cap of $166.14 billion, a PE ratio of 16.17, a P/E/G ratio of 2.01 and a beta of 1.29. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. The business had revenue of $10.98 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $2.44 earnings per share. Equities research analysts forecast 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. Investors of record on Thursday, June 5th will be given a $0.89 dividend. The ex-dividend date is Thursday, June 5th. This represents a $3.56 annualized dividend and a yield of 2.35%. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's dividend payout ratio (DPR) is currently 36.25%.

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.