Checchi Capital Advisers LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,157 shares of the wireless technology company’s stock after buying an additional 776 shares during the period. Checchi Capital Advisers LLC’s holdings in QUALCOMM were worth $1,804,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Bank Julius Baer & Co. Ltd Zurich raised its stake in QUALCOMM by 97,298.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 654,605,268 shares of the wireless technology company’s stock worth $77,924,211,000 after acquiring an additional 653,933,180 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of QUALCOMM by 117,461.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company’s stock worth $2,703,193,000 after purchasing an additional 24,566,978 shares in the last quarter. Norges Bank acquired a new stake in shares of QUALCOMM during the 4th quarter worth about $1,467,351,000. Cowa LLC acquired a new stake in shares of QUALCOMM during the 1st quarter worth about $94,000. Finally, Morgan Stanley increased its position in shares of QUALCOMM by 22.2% during the 4th quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company’s stock worth $2,375,020,000 after purchasing an additional 3,929,586 shares in the last quarter. Institutional investors own 71.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on QCOM shares. UBS Group increased their target price on shares of QUALCOMM from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, July 24th. Morgan Stanley dropped their target price on shares of QUALCOMM from $129.00 to $119.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Piper Sandler increased their target price on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Deutsche Bank Aktiengesellschaft cut shares of QUALCOMM from a “buy” rating to a “hold” rating and dropped their target price for the stock from $130.00 to $121.00 in a research report on Thursday, August 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of QUALCOMM from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average target price of $137.85.
QUALCOMM Stock Up 0.4 %
Shares of NASDAQ QCOM opened at $129.46 on Thursday. The firm has a market capitalization of $144.09 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The company has a current ratio of 2.33, a quick ratio of 1.67 and a debt-to-equity ratio of 0.67. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $139.94. The firm’s 50-day moving average is $112.38 and its 200-day moving average is $114.53.
QUALCOMM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, November 29th. QUALCOMM’s dividend payout ratio (DPR) is presently 49.84%.
In other news, insider Alexander H. Rogers sold 6,001 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.40, for a total value of $662,510.40. Following the transaction, the insider now owns 25,229 shares of the company’s stock, valued at approximately $2,785,281.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO James H. Thompson sold 27,962 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $113.23, for a total value of $3,166,137.26. Following the sale, the chief technology officer now directly owns 241,369 shares in the company, valued at approximately $27,330,211.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander H. Rogers sold 6,001 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $110.40, for a total transaction of $662,510.40. Following the completion of the sale, the insider now owns 25,229 shares in the company, valued at $2,785,281.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,963 shares of company stock valued at $5,377,298. 0.07% of the stock is currently owned by insiders.
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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