QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Capital International Inc. CA

Capital International Inc. CA boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,474 shares of the wireless technology company’s stock after purchasing an additional 2,942 shares during the period. Capital International Inc. CA’s holdings in QUALCOMM were worth $4,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC lifted its position in QUALCOMM by 0.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 72,483 shares of the wireless technology company’s stock valued at $12,271,000 after purchasing an additional 488 shares during the period. EP Wealth Advisors LLC lifted its position in QUALCOMM by 6.6% in the first quarter. EP Wealth Advisors LLC now owns 75,939 shares of the wireless technology company’s stock valued at $12,856,000 after purchasing an additional 4,694 shares during the period. CreativeOne Wealth LLC lifted its position in QUALCOMM by 52.6% in the first quarter. CreativeOne Wealth LLC now owns 5,652 shares of the wireless technology company’s stock valued at $957,000 after purchasing an additional 1,949 shares during the period. Delap Wealth Advisory LLC acquired a new stake in QUALCOMM in the first quarter valued at about $470,000. Finally, Vident Advisory LLC increased its holdings in QUALCOMM by 140.3% in the first quarter. Vident Advisory LLC now owns 184,414 shares of the wireless technology company’s stock valued at $31,222,000 after buying an additional 107,674 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Friday, July 5th. The shares were sold at an average price of $205.61, for a total transaction of $616,830.00. Following the transaction, the chief financial officer now owns 60,343 shares in the company, valued at approximately $12,407,124.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Friday, July 5th. The shares were sold at an average price of $205.61, for a total transaction of $616,830.00. Following the transaction, the chief financial officer now owns 60,343 shares in the company, valued at approximately $12,407,124.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sylvia Acevedo sold 744 shares of QUALCOMM stock in a transaction on Friday, May 10th. The shares were sold at an average price of $181.52, for a total transaction of $135,050.88. Following the transaction, the director now owns 54 shares in the company, valued at approximately $9,802.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,185 shares of company stock worth $8,552,835. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Up 2.7 %

QCOM stock traded up $4.66 during midday trading on Friday, hitting $180.05. The stock had a trading volume of 6,566,243 shares, compared to its average volume of 9,185,715. The firm has a market cap of $200.94 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company’s 50-day moving average price is $204.19 and its 200 day moving average price is $177.00. QUALCOMM Incorporated has a 12-month low of $104.33 and a 12-month high of $230.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 1.98.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.11. The company had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.32 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. On average, equities research analysts predict that QUALCOMM Incorporated will post 7.84 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.40 annualized dividend and a dividend yield of 1.89%. QUALCOMM’s payout ratio is 45.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QCOM. Barclays increased their target price on shares of QUALCOMM from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Wells Fargo & Company increased their target price on shares of QUALCOMM from $120.00 to $140.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. KeyCorp increased their target price on shares of QUALCOMM from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Hsbc Global Res cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.63.

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.