3,715 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,715 shares of the wireless technology company’s stock, valued at approximately $571,000.

Other hedge funds have also recently bought and sold shares of the company. Investment House LLC raised its stake in QUALCOMM by 6.6% during the fourth quarter. Investment House LLC now owns 137,095 shares of the wireless technology company’s stock worth $21,061,000 after purchasing an additional 8,493 shares during the period. Harvest Fund Management Co. Ltd raised its stake in QUALCOMM by 104.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 149,131 shares of the wireless technology company’s stock worth $22,877,000 after purchasing an additional 76,014 shares during the period. WIM INVESTMENT MANAGEMENT Ltd raised its stake in QUALCOMM by 60.2% during the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 23,346 shares of the wireless technology company’s stock worth $3,586,000 after purchasing an additional 8,771 shares during the period. Vinva Investment Management Ltd raised its stake in QUALCOMM by 57.3% during the fourth quarter. Vinva Investment Management Ltd now owns 83,470 shares of the wireless technology company’s stock worth $12,903,000 after purchasing an additional 30,396 shares during the period. Finally, Bank of Marin raised its stake in QUALCOMM by 46.9% during the fourth quarter. Bank of Marin now owns 2,975 shares of the wireless technology company’s stock worth $457,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the completion of the transaction, the chief financial officer now directly owns 63,115 shares of the company’s stock, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,968 shares of company stock valued at $4,685,077 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $156.29 on Wednesday. The firm has a market cap of $172.86 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The firm has a fifty day moving average of $164.56 and a two-hundred day moving average of $164.19.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

Analyst Ratings Changes

A number of equities analysts have weighed in on QCOM shares. Evercore ISI cut their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. Susquehanna cut their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Finally, StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.32.

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.