MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 81,809 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,414,211 shares of the wireless technology company's stock after buying an additional 81,809 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.13% of QUALCOMM worth $217,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at about $26,000. Banque Transatlantique SA purchased a new position in shares of QUALCOMM in the fourth quarter valued at about $26,000. CKW Financial Group purchased a new position in shares of QUALCOMM in the fourth quarter valued at about $27,000. Centricity Wealth Management LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at about $29,000. Finally, CoreFirst Bank & Trust purchased a new stake in QUALCOMM during the 4th quarter valued at approximately $33,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $145.30 on Monday. The firm's fifty day simple moving average is $146.38 and its 200 day simple moving average is $157.41. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $159.54 billion, a price-to-earnings ratio of 15.52, 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, topping analysts' consensus estimates of $2.82 by $0.03. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The company had revenue of $10.98 billion during the quarter, compared to analyst estimates of $10.58 billion. During the same period in the prior year, the business posted $2.44 EPS. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.89 per share. The ex-dividend date 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 2.45%. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

Analysts Set New Price Targets

QCOM has been the subject of several research analyst reports. Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a report on Friday. Citigroup decreased their target price 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. 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. Piper Sandler dropped their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Robert W. Baird reduced their price objective on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of "Hold" and an average price target of $192.08.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, the chief accounting officer now directly owns 461 shares of the company's stock, valued at $80,596.63. This represents a 61.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now owns 24,393 shares of the company's stock, valued at $3,762,376.32. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,312 shares of company stock worth $2,457,779. 0.08% of the stock is currently owned by company 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.

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