Dimensional Fund Advisors LP Has $809.63 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Dimensional Fund Advisors LP raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,597,479 shares of the wireless technology company's stock after purchasing an additional 171,083 shares during the quarter. Dimensional Fund Advisors LP owned 0.50% of QUALCOMM worth $809,626,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of QCOM. International Assets Investment Management LLC lifted its stake in shares of QUALCOMM by 12,998.7% in the 4th quarter. International Assets Investment Management LLC now owns 3,006,156 shares of the wireless technology company's stock valued at $434,780,000 after acquiring an additional 2,983,206 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of QUALCOMM by 1,543.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,831,577 shares of the wireless technology company's stock valued at $409,531,000 after acquiring an additional 2,659,323 shares during the last quarter. Barclays PLC lifted its stake in shares of QUALCOMM by 53.6% in the 3rd quarter. Barclays PLC now owns 5,283,274 shares of the wireless technology company's stock valued at $586,760,000 after acquiring an additional 1,842,868 shares during the last quarter. Invesco Ltd. lifted its stake in shares of QUALCOMM by 15.7% in the 3rd quarter. Invesco Ltd. now owns 9,249,675 shares of the wireless technology company's stock valued at $1,027,269,000 after acquiring an additional 1,253,173 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of QUALCOMM by 48.8% in the 4th quarter. California Public Employees Retirement System now owns 3,324,303 shares of the wireless technology company's stock valued at $480,794,000 after acquiring an additional 1,090,504 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 371 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the transaction, the chief accounting officer now owns 689 shares of the company's stock, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $159.50, for a total transaction of $1,291,950.00. Following the transaction, the chief executive officer now owns 24,300 shares of the company's stock, valued at approximately $3,875,850. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,416 shares of company stock valued at $9,804,298. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Up 0.9 %

Shares of QUALCOMM stock traded up $1.54 during trading hours on Friday, reaching $182.08. The company's stock had a trading volume of 4,702,542 shares, compared to its average volume of 8,603,319. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65. The stock's fifty day simple moving average is $169.95 and its two-hundred day simple moving average is $149.05. The company has a market capitalization of $203.20 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.23 and a beta of 1.33. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $184.31.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a $0.85 dividend. This is a boost from QUALCOMM's previous quarterly dividend of $0.80. The ex-dividend date is Thursday, May 30th. This represents a $3.40 annualized dividend and a yield of 1.87%. QUALCOMM's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on QCOM. Robert W. Baird raised their target price on QUALCOMM from $160.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, May 2nd. Evercore ISI began coverage on QUALCOMM in a research report on Tuesday, April 16th. They set an "in-line" rating and a $177.00 target price for the company. Susquehanna raised their target price on QUALCOMM from $175.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, April 10th. Bank of America raised their target price on QUALCOMM from $173.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company raised their target price on QUALCOMM from $120.00 to $140.00 and gave the stock an "underweight" rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, QUALCOMM presently has an average rating of "Moderate Buy" and an average target price of $180.48.

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.

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