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Janus Henderson Group PLC Decreases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

QUALCOMM logo with Computer and Technology background

Janus Henderson Group PLC lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 74.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,113 shares of the wireless technology company's stock after selling 559,992 shares during the period. Janus Henderson Group PLC's holdings in QUALCOMM were worth $29,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jefferies Financial Group Inc. lifted its holdings in shares of QUALCOMM by 134.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,076 shares of the wireless technology company's stock valued at $2,623,000 after purchasing an additional 9,806 shares during the last quarter. Kaizen Financial Strategies lifted its holdings in shares of QUALCOMM by 10.1% during the 4th quarter. Kaizen Financial Strategies now owns 3,065 shares of the wireless technology company's stock valued at $471,000 after purchasing an additional 281 shares during the last quarter. Humankind Investments LLC lifted its holdings in shares of QUALCOMM by 11.6% during the 4th quarter. Humankind Investments LLC now owns 1,498 shares of the wireless technology company's stock valued at $230,000 after purchasing an additional 156 shares during the last quarter. Focus Partners Wealth increased its position in shares of QUALCOMM by 2.5% in the 4th quarter. Focus Partners Wealth now owns 744,227 shares of the wireless technology company's stock valued at $114,328,000 after acquiring an additional 18,034 shares during the period. Finally, EdgePoint Investment Group Inc. increased its position in shares of QUALCOMM by 49.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 3,082,396 shares of the wireless technology company's stock valued at $473,518,000 after acquiring an additional 1,021,378 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Trading Up 1.1%

QCOM stock opened at $152.98 on Thursday. The company's 50-day simple moving average is $146.00 and its 200-day simple moving average is $157.22. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $230.63. The firm has a market cap of $167.97 billion, a P/E ratio of 16.34, a PEG ratio of 2.01 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share 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 analyst estimates of $10.58 billion. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. QUALCOMM's quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $2.44 EPS. As a group, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal 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 paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a yield of 2.33%. QUALCOMM's dividend payout ratio (DPR) is currently 36.25%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the transaction, the insider now directly owns 24,393 shares of the company's stock, valued at $3,762,376.32. This trade represents a 6.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This trade represents a 61.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,312 shares of company stock valued at $1,948,379. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the topic of several research reports. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. Barclays cut their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Benchmark cut their target price on QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird cut their target price on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Evercore ISI cut their target price on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $192.08.

View Our Latest Stock Analysis on QCOM

QUALCOMM Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM - Free Report).

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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