Renasant Bank Invests $1.07 Million in QUALCOMM Incorporated $QCOM

Core Viewpoint - QUALCOMM has seen mixed analyst ratings and institutional investor activity, with recent earnings exceeding expectations but facing challenges due to memory shortages impacting future guidance. Group 1: Institutional Investor Activity - Waypoint Wealth Counsel increased its holdings in QUALCOMM by 2.2%, owning 2,863 shares valued at $476,000 after acquiring 61 additional shares [1] - Greykasell Wealth Strategies Inc. boosted its holdings by 1.5%, now owning 4,126 shares worth $686,000 after acquiring 61 shares [1] - Baron Wealth Management LLC grew its position by 4.5%, owning 1,431 shares valued at $238,000 after acquiring 62 shares [1] - Avion Wealth increased its position by 16.7%, now owning 441 shares valued at $70,000 after acquiring 63 shares [1] - Insight Advisors LLC PA raised its stake by 1.8%, owning 3,488 shares valued at $556,000 after purchasing 63 shares [1] - Institutional investors and hedge funds collectively own 74.35% of QUALCOMM's stock [1] Group 2: Analyst Ratings and Price Targets - Wall Street Zen downgraded QUALCOMM from "buy" to "hold" [2] - Bank of America also downgraded QUALCOMM from "buy" to "neutral," setting a price target of $155.00 [2] - Susquehanna downgraded QUALCOMM from "positive" to "neutral," with a price objective of $140.00 [2] - The consensus rating for QUALCOMM is "Hold" with an average price target of $167.68 [2] Group 3: Stock Performance and Financial Metrics - QUALCOMM stock opened at $137.34, with a market cap of $146.54 billion and a PE ratio of 28.38 [3] - The stock has a 52-week low of $120.80 and a high of $205.95 [3] - The company reported a net margin of 11.96% and a return on equity of 44.09% [4] - Revenue for the quarter was $12.25 billion, exceeding expectations of $12.16 billion, with a year-over-year increase of 4.7% [4] Group 4: Dividend Information - QUALCOMM announced a quarterly dividend of $0.89, with an annualized yield of 2.6% [5] - The dividend payout ratio is currently 72.80% [5] Group 5: Insider Activity - CAO Patricia Y. Grech sold 513 shares at an average price of $160.95, reducing her position by 71.65% [8] - EVP Alexander H. Rogers sold 15,917 shares at an average price of $178.01, representing a 37.91% decrease in ownership [8] - In the last quarter, insiders sold 43,017 shares valued at $7,462,875, with 0.05% of the stock owned by insiders [8] Group 6: Company Overview - QUALCOMM is a global semiconductor and telecommunications equipment company, known for its development of wireless technologies and semiconductor products [9][10]