Capital International Inc. CA Has $4.14 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Capital International Inc. CA raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 24,474 shares of the wireless technology company’s stock after purchasing an additional 2,942 shares during the quarter. Capital International Inc. CA’s holdings in QUALCOMM were worth $4,143,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. HBW Advisory Services LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth $259,000. Artemis Investment Management LLP acquired a new position in shares of QUALCOMM during the 4th quarter worth $5,529,000. Aprio Wealth Management LLC increased its stake in shares of QUALCOMM by 12.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,069 shares of the wireless technology company’s stock worth $299,000 after purchasing an additional 221 shares during the last quarter. Blackston Financial Advisory Group LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth $353,000. Finally, Fiduciary Alliance LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth $234,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, Director Sylvia Acevedo sold 2,056 shares of QUALCOMM stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the completion of the transaction, the director now directly owns 54 shares of the company’s stock, valued at approximately $9,623.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $182.00, for a total transaction of $1,456,000.00. Following the completion of the transaction, the chief technology officer now directly owns 253,893 shares of the company’s stock, valued at approximately $46,208,526. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sylvia Acevedo sold 2,056 shares of QUALCOMM stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the transaction, the director now directly owns 54 shares of the company’s stock, valued at $9,623.34. The disclosure for this sale can be found here. Insiders sold 45,185 shares of company stock valued at $8,552,835 in the last ninety days. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QCOM. Morgan Stanley increased their price target on shares of QUALCOMM from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. Piper Sandler upped their price objective on shares of QUALCOMM from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Evercore ISI began coverage on shares of QUALCOMM in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 target price on the stock. TD Cowen raised their target price on shares of QUALCOMM from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Tigress Financial raised their target price on shares of QUALCOMM from $238.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and an average target price of $199.63.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded up $4.66 during trading on Friday, hitting $180.05. 6,566,243 shares of the company’s stock traded hands, compared to its average volume of 9,185,715. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 1.98. The firm’s fifty day moving average price is $204.19 and its 200 day moving average price is $177.00. QUALCOMM Incorporated has a twelve month low of $104.33 and a twelve month high of $230.63. The company has a market cap of $200.94 billion, a PE ratio of 24.20, a PEG ratio of 2.20 and a beta of 1.27.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.11. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. The business had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.32 billion. Analysts forecast that QUALCOMM Incorporated will post 7.84 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, September 5th. QUALCOMM’s dividend payout ratio is currently 45.70%.

QUALCOMM 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.