QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by PFG Investments LLC

PFG Investments LLC lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 125.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,498 shares of the wireless technology company's stock after purchasing an additional 10,304 shares during the period. PFG Investments LLC's holdings in QUALCOMM were worth $3,132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in QUALCOMM in the 4th quarter valued at approximately $2,507,978,000. International Assets Investment Management LLC boosted its stake in shares of QUALCOMM by 12,998.7% during the 4th quarter. International Assets Investment Management LLC now owns 3,006,156 shares of the wireless technology company's stock worth $434,780,000 after acquiring an additional 2,983,206 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of QUALCOMM by 1,543.8% during the 4th quarter. Pacer Advisors Inc. now owns 2,831,577 shares of the wireless technology company's stock worth $409,531,000 after acquiring an additional 2,659,323 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of QUALCOMM by 8.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,336,496 shares of the wireless technology company's stock worth $3,664,418,000 after acquiring an additional 1,909,025 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of QUALCOMM by 53.6% during the 3rd quarter. Barclays PLC now owns 5,283,274 shares of the wireless technology company's stock worth $586,760,000 after acquiring an additional 1,842,868 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $173.49, for a total value of $520,470.00. Following the transaction, the chief financial officer now directly owns 69,343 shares of the company's stock, valued at approximately $12,030,317.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, the chief financial officer now owns 69,343 shares in the company, valued at approximately $12,030,317.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 371 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares of the company's stock, valued at approximately $103,232.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,260 shares of company stock worth $5,973,728. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QCOM shares. Citigroup lowered QUALCOMM from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Thursday, February 1st. Piper Sandler boosted their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. Mizuho upped their target price on QUALCOMM from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, February 1st. KeyCorp upped their target price on QUALCOMM from $180.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Finally, StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.86.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded up $2.36 during trading on Friday, reaching $165.66. The company had a trading volume of 7,141,339 shares, compared to its average volume of 6,691,146. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. The stock has a market cap of $184.88 billion, a PE ratio of 24.01, a PEG ratio of 2.24 and a beta of 1.41. The business's 50 day moving average price is $165.84 and its 200-day moving average price is $144.70. QUALCOMM Incorporated has a 52 week low of $101.47 and a 52 week high of $177.59.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.50 billion. Analysts expect that QUALCOMM Incorporated will post 7.64 earnings per share for the current year.

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a yield of 2.05%. This is a boost from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio (DPR) is currently 46.38%.

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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