Artemis Investment Management LLP Purchases 10,867 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Artemis Investment Management LLP lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,508 shares of the wireless technology company's stock after acquiring an additional 10,867 shares during the quarter. Artemis Investment Management LLP's holdings in QUALCOMM were worth $11,600,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QCOM. Pacer Advisors Inc. grew its holdings in shares of QUALCOMM by 11.6% in the 2nd quarter. Pacer Advisors Inc. now owns 177,040 shares of the wireless technology company's stock worth $35,263,000 after acquiring an additional 18,379 shares during the last quarter. Kowal Investment Group LLC boosted its position in shares of QUALCOMM by 31.4% in the 2nd quarter. Kowal Investment Group LLC now owns 5,002 shares of the wireless technology company's stock valued at $996,000 after purchasing an additional 1,195 shares during the period. Profund Advisors LLC increased its stake in QUALCOMM by 6.3% in the 2nd quarter. Profund Advisors LLC now owns 182,012 shares of the wireless technology company's stock worth $36,253,000 after purchasing an additional 10,807 shares in the last quarter. ProShare Advisors LLC raised its holdings in QUALCOMM by 86.7% during the 2nd quarter. ProShare Advisors LLC now owns 2,739,106 shares of the wireless technology company's stock worth $545,575,000 after buying an additional 1,272,191 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its stake in QUALCOMM by 4,438.9% during the second quarter. Frank Rimerman Advisors LLC now owns 21,923 shares of the wireless technology company's stock valued at $4,367,000 after buying an additional 21,440 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 1.9 %

QCOM opened at $164.56 on Monday. The firm has a market cap of $182.83 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The business has a 50 day moving average price of $158.85 and a 200 day moving average price of $168.82. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $9.90 billion. Research analysts forecast that QUALCOMM Incorporated will post 9.09 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 2.07%. QUALCOMM's dividend payout ratio is currently 37.82%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 16th. Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday. UBS Group increased their target price on QUALCOMM from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Finally, Sanford C. Bernstein increased their price objective on QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $206.57.

Insider Transactions at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total transaction of $409,056.44. Following the transaction, the general counsel now owns 19,739 shares in the company, valued at approximately $3,121,130.68. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the sale, the insider now owns 33,383 shares of the company's stock, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,882 shares of company stock worth $4,314,649. Company insiders own 0.08% of the company's stock.

QUALCOMM 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.