Raiffeisen Bank International AG Purchases New Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Raiffeisen Bank International AG purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,808 shares of the wireless technology company's stock, valued at approximately $2,293,000.

Other large investors also recently added to or reduced their stakes in the company. Apella Capital LLC boosted its position in shares of QUALCOMM by 3.6% in the fourth quarter. Apella Capital LLC now owns 5,357 shares of the wireless technology company's stock valued at $823,000 after acquiring an additional 186 shares during the period. CHURCHILL MANAGEMENT Corp boosted its holdings in QUALCOMM by 35.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 45,640 shares of the wireless technology company's stock valued at $7,011,000 after purchasing an additional 12,055 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in QUALCOMM by 4.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 3,036 shares of the wireless technology company's stock valued at $466,000 after purchasing an additional 125 shares during the period. Sawyer & Company Inc boosted its holdings in QUALCOMM by 2.3% in the 4th quarter. Sawyer & Company Inc now owns 14,109 shares of the wireless technology company's stock valued at $2,167,000 after purchasing an additional 315 shares during the period. Finally, BluePath Capital Management LLC boosted its holdings in QUALCOMM by 32.2% in the 4th quarter. BluePath Capital Management LLC now owns 6,152 shares of the wireless technology company's stock valued at $967,000 after purchasing an additional 1,497 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total value of $523,308.34. Following the transaction, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at $9,374,385.96. This represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,312 shares of company stock worth $1,948,379 over the last 90 days. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on QCOM. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a report on Friday, May 9th. Evercore ISI cut their price objective on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Susquehanna dropped their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Citigroup cut their price target on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird lowered their price objective on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $192.08.

QUALCOMM Trading Up 0.8%

QUALCOMM stock traded up $1.20 during trading hours on Monday, reaching $153.70. The stock had a trading volume of 7,235,779 shares, compared to its average volume of 8,919,271. The company has a fifty day simple moving average of $145.94 and a 200-day simple moving average of $156.80. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63. The stock has a market cap of $168.76 billion, a PE ratio of 16.42, a PEG ratio of 2.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.82 by $0.03. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The company's quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.44 earnings per share. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.89 per share. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.32%. QUALCOMM's payout ratio is presently 36.25%.

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.