2 weeks Ago By ABMN Staff
Aurora Investment Counsel lowered its position in QUALCOMM Incorporated ( NASDAQ:QCOM – Free Report ) by 13.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,781 shares of the wireless technology company’s stock after selling 1,993 shares during the period.
QUALCOMM comprises approximately 1.5% of Aurora Investment Counsel’s holdings, making the stock its 7th largest position. Aurora Investment Counsel’s holdings in QUALCOMM were worth $2,546,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in shares of QUALCOMM by 0.9% in the second quarter.
Legal & General Group Plc now owns 10,036,779 shares of the wireless technology company’s stock worth $1,999,114,000 after acquiring an additional 86,195 shares during the period. City Holding Co. boosted its stake in QUALCOMM by 3.
5% in the 1st quarter. City Holding Co. now owns 5,884 shares of the wireless technology company’s stock worth $996,000 after purchasing an additional 199 shares during the period.
Federated Hermes Inc. grew its holdings in QUALCOMM by 173.3% during the 2nd quarter.
Federated Hermes Inc. now owns 842,357 shares of the wireless technology company’s stock valued at $167,781,000 after buying an additional 534,176 shares in the last quarter. BNP Paribas bought a new stake in shares of QUALCOMM during the first quarter valued at approximately $3,104,000.
Finally, SWP Financial LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $593,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.
QUALCOMM Stock Down 0.0 % Shares of NASDAQ:QCOM opened at $170.05 on Tuesday.
The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.
78. The business has a 50 day simple moving average of $169.16 and a two-hundred day simple moving average of $182.
16. QUALCOMM Incorporated has a 1 year low of $104.33 and a 1 year high of $230.
63. The firm has a market capitalization of $189.78 billion, a PE ratio of 22.
86, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28.
QUALCOMM Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a dividend of $0.85 per share.
The ex-dividend date was Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.
00%. QUALCOMM’s payout ratio is 45.70%.
Insider Buying and Selling at QUALCOMM In other news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $160.
50, for a total transaction of $1,284,000.00. Following the transaction, the chief technology officer now directly owns 229,987 shares of the company’s stock, valued at $36,912,913.
50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink . In other QUALCOMM news, CFO Akash J.
Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $205.61, for a total value of $616,830.
00. Following the completion of the sale, the chief financial officer now directly owns 60,343 shares in the company, valued at approximately $12,407,124.23.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Friday, August 2nd.
The shares were sold at an average price of $160.50, for a total value of $1,284,000.00.
Following the transaction, the chief technology officer now owns 229,987 shares in the company, valued at approximately $36,912,913.50. The disclosure for this sale can be found here .
0.08% of the stock is owned by corporate insiders. Analysts Set New Price Targets Several research firms recently weighed in on QCOM.
TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. Wells Fargo & Company lifted their target price on QUALCOMM from $140.00 to $170.
00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. KeyCorp increased their price target on QUALCOMM from $205.00 to $225.
00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $215.00 price objective on shares of QUALCOMM in a research note on Thursday, August 1st.
Finally, HSBC downgraded QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research report on Wednesday, July 17th.
One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $211.
67. Get Our Latest Analysis on QCOM QUALCOMM 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. Recommended Stories Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated ( NASDAQ:QCOM – Free Report ).
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