QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Capital Analysts LLC

by · The Cerbat Gem

Capital Analysts LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,884 shares of the wireless technology company’s stock after buying an additional 854 shares during the quarter. Capital Analysts LLC’s holdings in QUALCOMM were worth $3,515,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Te Ahumairangi Investment Management Ltd lifted its stake in QUALCOMM by 60.9% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company’s stock worth $6,349,000 after purchasing an additional 14,213 shares in the last quarter. Anchor Investment Management LLC lifted its stake 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 worth $5,901,000 after acquiring an additional 747 shares in the last quarter. World Investment Advisors LLC boosted its holdings in QUALCOMM by 304.0% during the 3rd quarter. World Investment Advisors LLC now owns 45,166 shares of the wireless technology company’s stock valued at $7,680,000 after acquiring an additional 33,985 shares during the period. Wilmington Savings Fund Society FSB grew its position in QUALCOMM by 620.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,668 shares of the wireless technology company’s stock valued at $9,466,000 after acquiring an additional 47,945 shares in the last quarter. Finally, Optimist Retirement Group LLC increased its stake in QUALCOMM by 4.1% during the third quarter. Optimist Retirement Group LLC now owns 13,579 shares of the wireless technology company’s stock worth $2,309,000 after purchasing an additional 531 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.9 %

QCOM opened at $148.56 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63. The business’s 50 day moving average is $150.11 and its two-hundred day moving average is $159.51. The firm has a market cap of $164.31 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.85. QUALCOMM’s dividend payout ratio (DPR) is currently 36.32%.

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. Evercore ISI dropped their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Piper Sandler decreased their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Barclays cut their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $201.21.

Get Our Latest Stock Analysis on QUALCOMM

Insider Activity at QUALCOMM

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 transaction of $3,275,511.21. Following the completion of the transaction, the insider now 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the sale, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,666 shares of company stock worth $5,047,052 in the last quarter. Company insiders own 0.08% of the company’s stock.

QUALCOMM Profile

(Free Report)

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.

See Also

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