QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Decreased by Game Creek Capital LP

Game Creek Capital LP trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 18.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 39,800 shares of the wireless technology company’s stock after selling 8,875 shares during the quarter. QUALCOMM accounts for about 2.7% of Game Creek Capital LP’s holdings, making the stock its 9th largest holding. Game Creek Capital LP’s holdings in QUALCOMM were worth $4,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Legal & General Group Plc increased its stake in QUALCOMM by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 8,775,033 shares of the wireless technology company’s stock worth $1,120,924,000 after purchasing an additional 431,812 shares during the period. Cowa LLC purchased a new position in QUALCOMM in the 1st quarter worth approximately $94,000. UBS Asset Management Americas Inc. increased its stake in QUALCOMM by 0.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,100,267 shares of the wireless technology company’s stock worth $779,248,000 after purchasing an additional 16,756 shares during the period. Charles Schwab Investment Management Inc. increased its stake in QUALCOMM by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,540,493 shares of the wireless technology company’s stock worth $846,699,000 after purchasing an additional 175,098 shares during the period. Finally, Swiss National Bank grew its position in shares of QUALCOMM by 0.8% in the 2nd quarter. Swiss National Bank now owns 4,888,822 shares of the wireless technology company’s stock worth $624,498,000 after buying an additional 37,800 shares during the last quarter. 70.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QCOM has been the topic of a number of recent analyst reports. Raymond James cut their price objective on QUALCOMM from $190.00 to $150.00 and set a “strong-buy” rating on the stock in a research report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on QUALCOMM from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Mizuho cut their price objective on QUALCOMM from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Rosenblatt Securities cut their price objective on QUALCOMM from $220.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Finally, Piper Sandler cut their price objective on QUALCOMM from $185.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.46.

QUALCOMM Trading Down 0.3 %

QUALCOMM stock opened at $130.70 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.21 and a debt-to-equity ratio of 0.75. The business’s fifty day simple moving average is $118.39 and its two-hundred day simple moving average is $126.00. QUALCOMM Incorporated has a 12 month low of $101.93 and a 12 month high of $192.10. The company has a market capitalization of $146.02 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOMGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The wireless technology company reported $2.74 earnings per share for the quarter, hitting the consensus estimate of $2.74. QUALCOMM had a return on equity of 86.71% and a net margin of 29.27%. The firm had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.38 billion. As a group, equities analysts predict that QUALCOMM Incorporated will post 8.81 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 2nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, March 1st. QUALCOMM’s dividend payout ratio is currently 26.36%.

Insider Transactions at QUALCOMM

In other news, insider Alexander H. Rogers sold 26,427 shares of the business’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $122.33, for a total value of $3,232,814.91. Following the completion of the transaction, the insider now owns 51,179 shares in the company, valued at $6,260,727.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Erin L. Polek sold 2,894 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $121.10, for a total transaction of $350,463.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 26,427 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $122.33, for a total value of $3,232,814.91. Following the sale, the insider now owns 51,179 shares of the company’s stock, valued at approximately $6,260,727.07. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

QUALCOMM Company Profile

(Get Rating)

QUALCOMM, Inc engages in the development, design, and provision of digital telecommunications products and services. It operates through the following 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 technologies for the use in 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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