QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 736,041 shares of the wireless technology company’s stock after selling 1,900 shares during the quarter. Railway Pension Investments Ltd owned approximately 0.07% of QUALCOMM worth $112,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QCOM. SOA Wealth Advisors LLC. grew its position in shares of QUALCOMM by 15.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,667 shares of the wireless technology company’s stock valued at $304,000 after purchasing an additional 224 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of QUALCOMM by 177.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 173,397 shares of the wireless technology company’s stock worth $31,709,000 after buying an additional 110,853 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of QUALCOMM by 24.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 16,712 shares of the wireless technology company’s stock worth $3,056,000 after buying an additional 3,274 shares in the last quarter. Fundamentun LLC lifted its stake in shares of QUALCOMM by 5.1% in the fourth quarter. Fundamentun LLC now owns 9,536 shares of the wireless technology company’s stock worth $1,744,000 after buying an additional 467 shares in the last quarter. Finally, Baugh & Associates LLC lifted its stake in shares of QUALCOMM by 2.8% in the fourth quarter. Baugh & Associates LLC now owns 24,908 shares of the wireless technology company’s stock worth $4,555,000 after buying an additional 690 shares in the last quarter. Institutional investors and hedge funds own 73.61% of the company’s stock.

QCOM stock traded down $1.07 on Tuesday, hitting $122.46. The company’s stock had a trading volume of 142,998 shares, compared to its average volume of 9,738,218. The firm has a 50 day moving average of $133.81 and a two-hundred day moving average of $153.52. QUALCOMM Incorporated has a 1 year low of $118.22 and a 1 year high of $193.58. The stock has a market cap of $137.16 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 0.68 and a beta of 1.20. The company has a current ratio of 1.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.91.

QUALCOMM (NASDAQ:QCOMGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The wireless technology company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.19. The company had revenue of $11.16 billion during the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a net margin of 28.42% and a return on equity of 103.73%. During the same quarter in the prior year, the firm earned $1.59 EPS. As a group, equities analysts forecast that QUALCOMM Incorporated will post 11.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, June 2nd were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 1st. This represents a $3.00 dividend on an annualized basis and a yield of 2.45%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.68. QUALCOMM’s dividend payout ratio is presently 30.71%.

In other QUALCOMM news, CAO Erin L. Polek sold 1,521 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $129.95, for a total transaction of $197,653.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

QCOM has been the topic of several research reports. Susquehanna decreased their price target on shares of QUALCOMM from $190.00 to $165.00 in a research note on Thursday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of QUALCOMM from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 20th. Piper Sandler decreased their price target on shares of QUALCOMM from $225.00 to $190.00 in a research note on Thursday, April 28th. UBS Group reduced their target price on shares of QUALCOMM from $185.00 to $155.00 in a research note on Thursday, April 28th. Finally, Tigress Financial boosted their price target on shares of QUALCOMM from $195.00 to $238.00 in a research note on Thursday, May 5th. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $196.48.

About QUALCOMM (Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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