National Bank of Canada FI Purchases 715,420 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

National Bank of Canada FI boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 65.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,804,238 shares of the wireless technology company’s stock after purchasing an additional 715,420 shares during the period. National Bank of Canada FI owned about 0.16% of QUALCOMM worth $252,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Financial Group LLC bought a new position in QUALCOMM in the third quarter valued at approximately $29,000. Brown Advisory Inc. grew its position in shares of QUALCOMM by 1.4% during the 3rd quarter. Brown Advisory Inc. now owns 550,579 shares of the wireless technology company’s stock worth $61,147,000 after buying an additional 7,457 shares during the period. Jacobsen Capital Management acquired a new stake in shares of QUALCOMM in the 3rd quarter valued at approximately $203,000. Sage Mountain Advisors LLC boosted its stake in QUALCOMM by 9.0% during the 3rd quarter. Sage Mountain Advisors LLC now owns 4,075 shares of the wireless technology company’s stock worth $453,000 after acquiring an additional 338 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in QUALCOMM by 1.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 275,850 shares of the wireless technology company’s stock valued at $30,636,000 after purchasing an additional 3,692 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction on Friday, May 3rd. The stock was 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 owns 253,893 shares in the company, valued at $46,208,526. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, the chief financial officer now owns 69,343 shares in the company, valued at approximately $12,030,317.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $182.00, for a total transaction of $1,456,000.00. Following the completion of the sale, the chief technology officer now directly owns 253,893 shares of the company’s stock, valued at approximately $46,208,526. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,260 shares of company stock worth $7,429,728. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on QCOM. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of QUALCOMM in a research note on Friday. JPMorgan Chase & Co. lifted their price target on QUALCOMM from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America increased their price objective on QUALCOMM from $173.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley upped their price target on QUALCOMM from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Canaccord Genuity Group raised their target price on shares of QUALCOMM from $180.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.36.

QUALCOMM Trading Down 0.3 %

Shares of NASDAQ:QCOM traded down $0.46 on Friday, hitting $179.64. The company had a trading volume of 10,043,912 shares, compared to its average volume of 8,171,053. The firm’s 50-day simple moving average is $167.69 and its two-hundred day simple moving average is $146.59. The company has a quick ratio of 1.88, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $200.48 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.47 and a beta of 1.33. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $183.19.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. Equities analysts anticipate that QUALCOMM Incorporated will post 7.64 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.85 per share. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.89%. QUALCOMM’s dividend payout ratio (DPR) is currently 43.01%.

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.