Triglav Investments D.O.O. Raises Position in QUALCOMM Incorporated $QCOM

Triglav Investments D.O.O. increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,338 shares of the wireless technology company’s stock after purchasing an additional 1,942 shares during the quarter. Triglav Investments D.O.O.’s holdings in QUALCOMM were worth $6,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Avion Wealth raised its position in QUALCOMM by 16.7% in the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after purchasing an additional 63 shares during the period. Insight Advisors LLC PA grew its holdings in QUALCOMM by 1.8% in the 2nd quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock worth $556,000 after acquiring an additional 63 shares during the last quarter. Capital Advantage Inc. grew its holdings in QUALCOMM by 2.8% in the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock worth $375,000 after acquiring an additional 64 shares during the last quarter. Rise Advisors LLC grew its holdings in QUALCOMM by 6.7% in the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock worth $161,000 after acquiring an additional 66 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in QUALCOMM by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock worth $231,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the sale, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. The trade was a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 166,502 shares of company stock worth $27,472,615. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $180.90 on Friday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company’s 50-day moving average is $165.85 and its 200 day moving average is $156.67. The stock has a market capitalization of $195.19 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.59 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the company earned $2.33 earnings per share. QUALCOMM’s quarterly revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.0%. QUALCOMM’s payout ratio is presently 34.33%.

Analyst Ratings Changes

A number of brokerages have issued reports on QCOM. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Citigroup raised their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho cut their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Finally, Weiss Ratings raised shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $183.95.

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.