QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,416 shares of the wireless technology company's stock after buying an additional 4,600 shares during the quarter. Analyst IMS Investment Management Services Ltd.'s holdings in QUALCOMM were worth $1,907,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM in the fourth quarter valued at $26,000. CKW Financial Group acquired a new stake in shares of QUALCOMM in the fourth quarter valued at $27,000. Centricity Wealth Management LLC acquired a new position in QUALCOMM during the 4th quarter worth $29,000. Planning Capital Management Corp grew its stake in QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in QUALCOMM during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In related news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 744 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares of the company's stock, valued at approximately $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,555 shares of company stock valued at $5,094,134. 0.08% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

QCOM has been the subject of several analyst reports. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Mizuho decreased their price target on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Barclays decreased their price target on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Susquehanna reduced 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. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Trading Up 3.1 %

Shares of QCOM traded up $4.64 during trading hours on Friday, hitting $156.58. The stock had a trading volume of 5,306,194 shares, compared to its average volume of 8,248,235. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The firm has a market cap of $173.18 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.01 and a beta of 1.28. The company's fifty day simple moving average is $164.68 and its 200 day simple moving average is $164.46. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.

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.