Himension Capital Singapore PTE. LTD. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,199 shares of the wireless technology company's stock after selling 26,355 shares during the quarter. QUALCOMM makes up about 0.4% of Himension Capital Singapore PTE. LTD.'s investment portfolio, making the stock its 26th largest holding. Himension Capital Singapore PTE. LTD.'s holdings in QUALCOMM were worth $5,407,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of QUALCOMM in the 4th quarter valued at about $26,000. CKW Financial Group acquired a new position in shares of QUALCOMM in the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC bought a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $29,000. CoreFirst Bank & Trust acquired a new stake in shares of QUALCOMM during the 4th quarter valued at approximately $33,000. Finally, Synergy Asset Management LLC acquired a new position in QUALCOMM in the fourth quarter worth $38,000. Institutional investors own 74.35% of the company's stock.
Insider Activity at QUALCOMM
In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now owns 24,393 shares of the company's stock, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,018 shares of company stock worth $4,955,613 over the last three months. Company insiders own 0.08% of the company's stock.
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Analyst Ratings Changes
A number of research firms recently issued reports on QCOM. Piper Sandler reduced their price objective on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Evercore ISI reduced their target price on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. Finally, Rosenblatt Securities restated a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued 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.com, QUALCOMM has an average rating of "Moderate Buy" and an average target price of $205.32.
Check Out Our Latest Report on QUALCOMM
QUALCOMM Price Performance
NASDAQ:QCOM traded up $1.09 on Wednesday, hitting $125.75. The company had a trading volume of 2,886,871 shares, compared to its average volume of 8,737,802. The firm has a 50 day moving average of $159.04 and a two-hundred day moving average of $162.17. The stock has a market capitalization of $139.07 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.
QUALCOMM Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.70%. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.
QUALCOMM Company Profile
(Free Report)
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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