Norinchukin Bank The Buys 4,192 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Norinchukin Bank The boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,239 shares of the wireless technology company’s stock after acquiring an additional 4,192 shares during the period. Norinchukin Bank The’s holdings in QUALCOMM were worth $9,100,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of QCOM. Kohmann Bosshard Financial Services LLC bought a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $26,000. CKW Financial Group purchased a new stake in shares of QUALCOMM during the fourth quarter worth $27,000. Centricity Wealth Management LLC bought a new position in shares of QUALCOMM in the fourth quarter worth $29,000. CoreFirst Bank & Trust purchased a new position in shares of QUALCOMM in the fourth quarter valued at $33,000. Finally, Synergy Asset Management LLC bought a new stake in shares of QUALCOMM during the 4th quarter valued at $38,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $136.54 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $230.63. The business has a 50 day moving average price of $153.10 and a 200-day moving average price of $160.40. The firm has a market cap of $151.01 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Buying and Selling

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the transaction, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 648 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $141.11, for a total transaction of $91,439.28. Following the completion of the sale, the chief financial officer now directly owns 56,445 shares of the company’s stock, valued at approximately $7,964,953.95. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,666 shares of company stock valued at $5,047,052 over the last ninety days. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent analyst reports. Barclays reduced their target price on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Evercore ISI decreased their target price on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. TD Cowen reduced their price target on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup lowered their price objective on QUALCOMM from $185.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $201.21.

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.