By otakuyassine3@gmail.com 
GFS Advisors LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,820 shares of the wireless technology company’s stock after buying an additional 130 shares during the quarter. GFS Advisors LLC’s holdings in QUALCOMM were worth $1,201,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of QCOM. Algert Global LLC purchased a new position in shares of QUALCOMM during the second quarter worth $366,000. Clearbridge Investments LLC lifted its stake in QUALCOMM by 0.5% during the 2nd quarter. Clearbridge Investments LLC now owns 221,308 shares of the wireless technology company’s stock worth $44,080,000 after acquiring an additional 1,036 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in QUALCOMM by 28.0% during the 2nd quarter. Centaurus Financial Inc. now owns 8,307 shares of the wireless technology company’s stock valued at $1,655,000 after acquiring an additional 1,819 shares during the period. Massmutual Trust Co. FSB ADV grew its position in QUALCOMM by 9.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 23,993 shares of the wireless technology company’s stock valued at $4,080,000 after acquiring an additional 2,147 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of QUALCOMM by 6.5% during the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock worth $38,590,000 after purchasing an additional 13,888 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.
QUALCOMM Price Performance
Shares of NASDAQ QCOM opened at $172.93 on Friday. The stock has a market cap of $192.13 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.85 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The stock has a 50 day moving average of $160.44 and a two-hundred day moving average of $166.92. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.
QUALCOMM (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. On average, research analysts forecast that QUALCOMM Incorporated will post 9.16 earnings per share for the current year.
QUALCOMM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.97%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.
Insider Buying and Selling
In other news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated 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 owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the transaction, the general counsel now directly owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock valued at $4,314,649 over the last quarter. 0.08% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Mizuho dropped their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Sanford C. Bernstein upped their price objective on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Susquehanna decreased their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. Melius assumed coverage on QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.57.
View Our Latest Report on QUALCOMM
QUALCOMM Company 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.
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