Migdal Insurance & Financial Holdings Ltd. Has $1.66 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Migdal Insurance & Financial Holdings Ltd. decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 34.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,729 shares of the wireless technology company’s stock after selling 5,132 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in QUALCOMM were worth $1,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Leelyn Smith LLC acquired a new position in QUALCOMM in the 1st quarter valued at approximately $208,000. WealthPLAN Partners LLC acquired a new stake in QUALCOMM during the first quarter valued at $228,000. Reynders McVeigh Capital Management LLC purchased a new position in QUALCOMM in the first quarter valued at about $207,000. Atomi Financial Group Inc. increased its position in QUALCOMM by 28.5% in the 1st quarter. Atomi Financial Group Inc. now owns 3,612 shares of the wireless technology company’s stock worth $612,000 after purchasing an additional 801 shares during the last quarter. Finally, Chilton Capital Management LLC raised its stake in shares of QUALCOMM by 32.3% during the 1st quarter. Chilton Capital Management LLC now owns 4,978 shares of the wireless technology company’s stock worth $843,000 after purchasing an additional 1,215 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

NASDAQ QCOM traded down $2.00 on Friday, reaching $170.91. The company’s stock had a trading volume of 10,736,646 shares, compared to its average volume of 9,039,770. QUALCOMM Incorporated has a 52 week low of $119.85 and a 52 week high of $230.63. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The firm has a market cap of $190.39 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.28. The business has a 50-day moving average price of $168.53 and a 200 day moving average price of $182.15.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a return on equity of 39.70% and a net margin of 26.03%. Sell-side analysts expect that QUALCOMM Incorporated will post 8.62 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 1.99%. QUALCOMM’s dividend payout ratio is presently 37.82%.

Analyst Upgrades and Downgrades

Several analysts have commented on QCOM shares. Citigroup decreased their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Friday, August 2nd. Hsbc Global Res cut QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. KeyCorp lowered QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. decreased their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.16.

Insider Transactions at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares in the company, valued at $1,981,875.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,146 shares of company stock valued at $2,709,186. 0.08% of the stock is owned by insiders.

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.