Mizuho Markets Americas LLC Has $8.23 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Mizuho Markets Americas LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2,965.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 48,378 shares of the wireless technology company’s stock after purchasing an additional 46,800 shares during the quarter. Mizuho Markets Americas LLC’s holdings in QUALCOMM were worth $8,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Leelyn Smith LLC bought a new position in shares of QUALCOMM during the first quarter worth approximately $208,000. Nicolet Advisory Services LLC bought a new position in shares of QUALCOMM during the first quarter worth approximately $222,000. Intech Investment Management LLC increased its holdings in shares of QUALCOMM by 49.3% during the first quarter. Intech Investment Management LLC now owns 61,797 shares of the wireless technology company’s stock worth $10,462,000 after purchasing an additional 20,412 shares during the period. Acadian Asset Management LLC increased its holdings in shares of QUALCOMM by 468.0% during the first quarter. Acadian Asset Management LLC now owns 257,374 shares of the wireless technology company’s stock worth $43,564,000 after purchasing an additional 212,064 shares during the period. Finally, Blue Barn Wealth LLC increased its holdings in shares of QUALCOMM by 54.5% during the first quarter. Blue Barn Wealth LLC now owns 5,727 shares of the wireless technology company’s stock worth $970,000 after purchasing an additional 2,021 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QCOM stock opened at $160.50 on Friday. QUALCOMM Incorporated has a 12-month low of $125.67 and a 12-month high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The firm has a market cap of $178.32 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.70 and a beta of 1.28. The company’s fifty day simple moving average is $168.35 and its 200 day simple moving average is $182.10.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on QCOM shares. Westpark Capital reissued a “hold” rating on shares of QUALCOMM in a research note on Tuesday, July 30th. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. Wells Fargo & Company lifted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Rosenblatt Securities lifted their price objective on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.92.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the completion of the sale, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at $8,535,970.15. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the sale, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,146 shares of company stock valued at $2,709,186. Corporate 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.