Jefferies Financial Group Inc. Purchases 9,806 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Jefferies Financial Group Inc. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 134.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,076 shares of the wireless technology company’s stock after acquiring an additional 9,806 shares during the quarter. Jefferies Financial Group Inc.’s holdings in QUALCOMM were worth $2,623,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of QCOM. Norges Bank bought a new position in QUALCOMM in the fourth quarter valued at approximately $2,721,882,000. Amundi lifted its stake in QUALCOMM by 36.6% in the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company’s stock valued at $2,313,634,000 after buying an additional 3,905,918 shares in the last quarter. Raymond James Financial Inc. bought a new position in QUALCOMM in the fourth quarter valued at approximately $527,053,000. Northern Trust Corp lifted its stake in QUALCOMM by 12.7% in the fourth quarter. Northern Trust Corp now owns 13,289,513 shares of the wireless technology company’s stock valued at $2,041,535,000 after buying an additional 1,493,076 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in QUALCOMM by 525.5% in the fourth quarter. Capital Research Global Investors now owns 1,413,495 shares of the wireless technology company’s stock valued at $217,141,000 after buying an additional 1,187,531 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QCOM. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $150.00 price target on shares of QUALCOMM in a research note on Thursday, May 1st. Seaport Res Ptn raised shares of QUALCOMM to a “hold” rating in a research report on Friday, May 9th. Robert W. Baird cut their price objective on shares of QUALCOMM from $250.00 to $216.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Susquehanna cut their price objective on shares of QUALCOMM from $210.00 to $190.00 and set a “positive” rating on the stock in a research report on Thursday, May 1st. Finally, Loop Capital cut their price objective on shares of QUALCOMM from $180.00 to $155.00 and set a “hold” rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $192.08.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $151.34 on Wednesday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63. The company has a market cap of $166.17 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.01 and a beta of 1.29. The firm’s fifty day moving average price is $146.16 and its two-hundred day moving average price is $157.25. 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 (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.82 by $0.03. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The firm had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same period in the previous year, the company earned $2.44 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.35%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. QUALCOMM’s payout ratio is currently 36.25%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $137.74, for a total value of $220,384.00. Following the completion of the sale, the insider now owns 22,793 shares of the company’s stock, valued at $3,139,507.82. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the sale, the chief financial officer now directly owns 59,778 shares of the company’s stock, valued at $9,374,385.96. This represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,312 shares of company stock valued at $1,948,379 in the last quarter. Company insiders own 0.08% of the company’s stock.

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.