Rep. Marjorie Taylor Greene Buys QUALCOMM Incorporated (NASDAQ:QCOM) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of QUALCOMM Incorporated (NASDAQ:QCOM). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in QUALCOMM stock on November 20th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Nestlé (OTCMKTS:NSRGY) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Southern Copper (NYSE:SCCO) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Occidental Petroleum (NYSE:OXY) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 11/7/2024.

QUALCOMM Trading Up 0.9 %

Shares of QUALCOMM stock opened at $156.79 on Friday. QUALCOMM Incorporated has a 52-week low of $125.67 and a 52-week high of $230.63. The firm has a market capitalization of $174.19 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The company’s fifty day moving average price is $167.82 and its two-hundred day moving average price is $181.58.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.17%. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Insider Activity

In related news, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The sale 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 QUALCOMM stock in a transaction that occurred on 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 transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,450 shares of company stock valued at $2,911,306 in the last 90 days. 0.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On QUALCOMM

Hedge funds have recently added to or reduced their stakes in the company. Anchor Investment Management LLC lifted its position in QUALCOMM by 2.2% during the 3rd quarter. Anchor Investment Management LLC now owns 34,700 shares of the wireless technology company’s stock valued at $5,901,000 after purchasing an additional 747 shares during the period. Te Ahumairangi Investment Management Ltd lifted its holdings in QUALCOMM by 60.9% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company’s stock valued at $6,349,000 after buying an additional 14,213 shares during the period. Unigestion Holding SA boosted its stake in QUALCOMM by 53.0% in the third quarter. Unigestion Holding SA now owns 80,223 shares of the wireless technology company’s stock valued at $13,642,000 after acquiring an additional 27,801 shares during the last quarter. TCW Group Inc. grew its holdings in QUALCOMM by 0.4% during the 3rd quarter. TCW Group Inc. now owns 154,814 shares of the wireless technology company’s stock worth $26,326,000 after acquiring an additional 666 shares during the period. Finally, Soltis Investment Advisors LLC raised its position in shares of QUALCOMM by 1,924.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 33,410 shares of the wireless technology company’s stock valued at $5,681,000 after acquiring an additional 31,760 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on QCOM shares. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft increased their target price on QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Evercore ISI boosted their price target on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Morgan Stanley dropped their price objective on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Sanford C. Bernstein boosted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $210.15.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.