First Affirmative Financial Network Purchases 118 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

First Affirmative Financial Network lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,479 shares of the wireless technology company’s stock after buying an additional 118 shares during the quarter. First Affirmative Financial Network’s holdings in QUALCOMM were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of QUALCOMM by 4.3% in the fourth quarter. BlackRock Inc. now owns 81,379,537 shares of the wireless technology company’s stock worth $14,881,876,000 after buying an additional 3,319,939 shares during the period. State Street Corp raised its stake in shares of QUALCOMM by 3.3% in the fourth quarter. State Street Corp now owns 49,174,315 shares of the wireless technology company’s stock worth $8,992,507,000 after buying an additional 1,553,359 shares during the period. Alliancebernstein L.P. raised its stake in shares of QUALCOMM by 10.6% in the fourth quarter. Alliancebernstein L.P. now owns 20,174,284 shares of the wireless technology company’s stock worth $3,689,271,000 after buying an additional 1,934,339 shares during the period. Geode Capital Management LLC raised its stake in shares of QUALCOMM by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 18,698,509 shares of the wireless technology company’s stock worth $3,410,285,000 after buying an additional 265,522 shares during the period. Finally, Norges Bank purchased a new stake in shares of QUALCOMM during the fourth quarter worth about $2,266,923,000. 73.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CAO Erin L. Polek sold 1,521 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $129.95, for a total transaction of $197,653.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is owned by insiders.

NASDAQ QCOM opened at $122.16 on Thursday. The company has a market cap of $136.82 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.27 and a current ratio of 1.61. The business’s 50 day moving average price is $135.63 and its 200-day moving average price is $157.00. QUALCOMM Incorporated has a fifty-two week low of $118.36 and a fifty-two week high of $193.58.

QUALCOMM (NASDAQ:QCOMGet Rating) last released its earnings results on Wednesday, April 27th. The wireless technology company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.19. QUALCOMM had a return on equity of 103.73% and a net margin of 28.42%. The firm had revenue of $11.16 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same quarter in the previous year, the company posted $1.59 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 11.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Investors of record on Thursday, June 2nd will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, June 1st. This represents a $3.00 dividend on an annualized basis and a yield of 2.46%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.68. QUALCOMM’s payout ratio is presently 30.71%.

A number of research firms recently commented on QCOM. Susquehanna Bancshares lowered their price target on QUALCOMM from $190.00 to $165.00 in a report on Thursday, April 28th. Piper Sandler lowered their price target on QUALCOMM from $225.00 to $190.00 in a report on Thursday, April 28th. JPMorgan Chase & Co. lowered their price target on QUALCOMM from $240.00 to $205.00 in a report on Tuesday, April 5th. UBS Group lowered their price target on QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Finally, StockNews.com raised QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 7th. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.48.

About QUALCOMM (Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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