QUALCOMM Incorporated $QCOM Shares Sold by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd lowered its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 95.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,086 shares of the wireless technology company’s stock after selling 195,075 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in QUALCOMM were worth $1,606,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on QCOM. Citigroup boosted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Weiss Ratings raised shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.95.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. This represents a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 166,502 shares of company stock valued at $27,472,615 over the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Price Performance

Shares of QCOM stock opened at $180.90 on Friday. The company has a market capitalization of $195.19 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. The firm has a fifty day simple moving average of $165.85 and a 200-day simple moving average of $156.67. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.33 earnings per share. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

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

QUALCOMM Company Profile

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.