QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 50.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,755 shares of the wireless technology company's stock after selling 24,616 shares during the quarter. Mizuho Markets Americas LLC's holdings in QUALCOMM were worth $3,436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Financial Gravity Asset Management Inc. raised its position in shares of QUALCOMM by 102.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. CarsonAllaria Wealth Management Ltd. raised its holdings in shares of QUALCOMM by 327.1% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 205 shares of the wireless technology company's stock worth $30,000 after buying an additional 157 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of QUALCOMM in the fourth quarter worth $32,000. Cherry Tree Wealth Management LLC lifted its stake in shares of QUALCOMM by 95.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company's stock worth $34,000 after buying an additional 115 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of QUALCOMM in the 4th quarter valued at $35,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QCOM has been the topic of several research analyst reports. Rosenblatt Securities boosted their price target on QUALCOMM from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, February 1st. Bank of America raised their price target on shares of QUALCOMM from $173.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 8th. Robert W. Baird raised their target price on shares of QUALCOMM from $160.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, May 2nd. Finally, Barclays boosted their target price on shares of QUALCOMM from $155.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 2nd. One equities 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $180.48.

QUALCOMM Trading Up 0.3 %

Shares of QCOM stock traded up $0.59 during trading hours on Friday, hitting $193.86. The company had a trading volume of 5,799,714 shares, compared to its average volume of 8,596,046. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 1.98. The stock has a market capitalization of $216.35 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 2.39 and a beta of 1.33. The company's fifty day moving average is $172.21 and its 200 day moving average is $152.27. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $196.08.

QUALCOMM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This is a boost from QUALCOMM's previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.75%. QUALCOMM's payout ratio is presently 45.70%.

Insider Activity at QUALCOMM

In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $159.50, for a total value of $1,291,950.00. Following the completion of the transaction, the chief executive officer now owns 24,300 shares of the company's stock, valued at $3,875,850. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 69,343 shares of the company's stock, valued at approximately $12,030,317.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the business's stock in a transaction on Friday, March 1st. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,260 shares of company stock worth $11,478,430. 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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