MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 81,809 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,414,211 shares of the wireless technology company’s stock after acquiring an additional 81,809 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in QUALCOMM were worth $217,368,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. MJP Associates Inc. ADV increased its stake in QUALCOMM by 72.8% during the 4th quarter. MJP Associates Inc. ADV now owns 5,158 shares of the wireless technology company’s stock valued at $792,000 after purchasing an additional 2,173 shares in the last quarter. Lazard Asset Management LLC lifted its stake in QUALCOMM by 0.4% in the fourth quarter. Lazard Asset Management LLC now owns 933,427 shares of the wireless technology company’s stock valued at $143,392,000 after purchasing an additional 3,298 shares during the last quarter. Logan Capital Management Inc. increased its holdings in QUALCOMM by 6.5% in the 4th quarter. Logan Capital Management Inc. now owns 5,709 shares of the wireless technology company’s stock worth $877,000 after acquiring an additional 346 shares during the last quarter. LRI Investments LLC lifted its stake in shares of QUALCOMM by 11.2% during the 4th quarter. LRI Investments LLC now owns 2,043 shares of the wireless technology company’s stock valued at $314,000 after buying an additional 206 shares in the last quarter. Finally, Lionshead Wealth Management LLC bought a new position in shares of QUALCOMM in the fourth quarter worth $752,000. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Trading Up 0.1%

Shares of QUALCOMM stock opened at $145.30 on Monday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company’s 50-day simple moving average is $146.38 and its 200-day simple moving average is $157.41. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $230.63. The firm has a market cap of $159.54 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.82 by $0.03. The business had revenue of $10.98 billion for the quarter, compared to analyst estimates of $10.58 billion. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 EPS. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a $0.89 dividend. The ex-dividend date is Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.45%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.85. QUALCOMM’s dividend payout ratio (DPR) is presently 36.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Susquehanna lowered their price objective on QUALCOMM from $210.00 to $190.00 and set a “positive” rating on the stock in a research report on Thursday, May 1st. Citigroup cut their target price on shares of QUALCOMM from $185.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Seaport Res Ptn raised QUALCOMM to a “hold” rating in a research note on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $150.00 price objective on shares of QUALCOMM in a research report on Thursday, May 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $192.08.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the sale, the chief financial officer now directly owns 63,115 shares in the company, valued at $10,716,927. The trade was a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 744 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. The trade was a 61.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,312 shares of company stock worth $2,457,779. 0.08% of the stock is currently owned by company insiders.

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.