Fjarde AP Fonden Fourth Swedish National Pension Fund Has $37.96 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.2% in the first quarter, Holdings Channel.com reports. The fund owned 247,134 shares of the wireless technology company’s stock after acquiring an additional 5,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in QUALCOMM were worth $37,962,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. lifted its stake in QUALCOMM by 1.2% in the first quarter. William B. Walkup & Associates Inc. now owns 8,528 shares of the wireless technology company’s stock valued at $1,310,000 after acquiring an additional 102 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of QUALCOMM by 3.0% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 211,573 shares of the wireless technology company’s stock worth $32,500,000 after buying an additional 6,129 shares during the last quarter. E Fund Management Co. Ltd. lifted its stake in shares of QUALCOMM by 37.9% in the first quarter. E Fund Management Co. Ltd. now owns 62,812 shares of the wireless technology company’s stock worth $9,649,000 after buying an additional 17,266 shares during the last quarter. Financial Network Wealth Advisors LLC raised its stake in QUALCOMM by 76.6% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 968 shares of the wireless technology company’s stock valued at $149,000 after purchasing an additional 420 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in QUALCOMM by 1.8% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 103,102 shares of the wireless technology company’s stock valued at $15,837,000 after purchasing an additional 1,848 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research analyst reports. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $150.00 target price on shares of QUALCOMM in a research note on Thursday, May 1st. Piper Sandler cut their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Bank of America cut their target price on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, June 17th. Finally, Citigroup restated a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $181.10.

QUALCOMM Stock Up 1.9%

Shares of NASDAQ QCOM opened at $156.59 on Thursday. The firm has a market capitalization of $168.96 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm’s 50-day moving average is $155.35 and its 200-day moving average is $153.91.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 EPS. Equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

Insider Activity at QUALCOMM

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 424,099 shares of company stock worth $8,352,355 in the last ninety days. Company insiders own 0.08% of the company’s stock.

About QUALCOMM

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.