Daiwa Securities Group Inc. Increases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Daiwa Securities Group Inc. lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 183,544 shares of the wireless technology company's stock after purchasing an additional 12,739 shares during the quarter. Daiwa Securities Group Inc.'s holdings in QUALCOMM were worth $26,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QCOM. Rheos Capital Works Inc. boosted its holdings in QUALCOMM by 36.8% during the 3rd quarter. Rheos Capital Works Inc. now owns 157,900 shares of the wireless technology company's stock valued at $17,536,000 after acquiring an additional 42,500 shares during the period. Peoples Bank OH purchased a new position in QUALCOMM during the 4th quarter valued at $219,000. HF Advisory Group LLC purchased a new position in QUALCOMM during the 3rd quarter valued at $629,000. Bank Hapoalim BM boosted its holdings in QUALCOMM by 35.0% during the 4th quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company's stock valued at $5,123,000 after acquiring an additional 9,192 shares during the period. Finally, DnB Asset Management AS boosted its holdings in QUALCOMM by 31.1% during the 3rd quarter. DnB Asset Management AS now owns 908,457 shares of the wireless technology company's stock valued at $100,893,000 after acquiring an additional 215,522 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the sale, the chief financial officer now owns 69,343 shares in the company, valued at $12,030,317.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $169.60, for a total value of $1,373,760.00. Following the completion of the sale, the chief executive officer now directly owns 16,200 shares of the company's stock, valued at $2,747,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total value of $520,470.00. Following the completion of the sale, the chief financial officer now directly owns 69,343 shares of the company's stock, valued at $12,030,317.07. The disclosure for this sale can be found here. Insiders have sold 44,360 shares of company stock worth $7,184,678 over the last quarter. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Price Performance

QCOM stock traded down $4.26 during mid-day trading on Wednesday, reaching $164.32. 8,079,240 shares of the company's stock were exchanged, compared to its average volume of 8,607,317. The company has a market cap of $183.38 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.32 and a beta of 1.41. The stock's 50 day moving average is $164.11 and its 200 day moving average is $142.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. QUALCOMM Incorporated has a 12-month low of $101.47 and a 12-month high of $177.59.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.43. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. On average, research analysts expect that QUALCOMM Incorporated will post 7.67 EPS for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. This is a boost from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio (DPR) is currently 46.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on QCOM shares. Piper Sandler upped their target price on QUALCOMM from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Susquehanna upped their target price on QUALCOMM from $175.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, April 10th. Barclays upped their target price on QUALCOMM from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, January 16th. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 7th. Finally, Rosenblatt Securities upped their target price on QUALCOMM from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $156.90.

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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