QUALCOMM Incorporated (QCOM:NSD), has recently experienced changes in its institutional investor holdings, according to its most recent 13F filing with the Securities and Exchange Commission. National Bank of Canada FI reduced its holdings in the company by 57%, owning 253,522 shares of QUALCOMM stock after selling 335,462 shares in the fourth quarter. National Bank of Canada FI’s holdings in QUALCOMM were worth $27,869,000 at the end of the quarter.
Other institutional investors and hedge funds have also made changes to their holdings, with some increasing their positions and others reducing them.
QUALCOMM Stock Price Analysis:
As of the time of this writing, the company’s stock was trading at $127.58, with a market capitalization of $142.25 billion, a P/E ratio of 12.29, and a beta of 1.28.
QUALCOMM stock has a consensus rating of “Strong Buy” and an average target price of $146.06.
Additionally, QUALCOMM recently disclosed a quarterly dividend of $0.75, which was paid on March 23, 2023, to stockholders of record on March 2, 2023.
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 company was incorporated in 1985 and is headquartered in San Diego, California.