Atala Financial Inc acquired a new position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,178 shares of the wireless technology company's stock, valued at approximately $2,332,000. QUALCOMM accounts for 1.6% of Atala Financial Inc's holdings, making the stock its 15th largest holding.
Other large investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its holdings in QUALCOMM by 33.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 18,849 shares of the wireless technology company's stock worth $3,205,000 after acquiring an additional 4,690 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in QUALCOMM by 124.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 92,544 shares of the wireless technology company's stock worth $15,737,000 after acquiring an additional 51,396 shares in the last quarter. Cable Hill Partners LLC raised its stake in QUALCOMM by 46.0% during the 3rd quarter. Cable Hill Partners LLC now owns 5,575 shares of the wireless technology company's stock valued at $948,000 after purchasing an additional 1,756 shares during the period. Plato Investment Management Ltd grew its holdings in QUALCOMM by 7.1% during the 3rd quarter. Plato Investment Management Ltd now owns 36,998 shares of the wireless technology company's stock valued at $6,285,000 after buying an additional 2,449 shares in the last quarter. Finally, Peak Asset Management LLC lifted its stake in QUALCOMM by 24.9% in the third quarter. Peak Asset Management LLC now owns 6,491 shares of the wireless technology company's stock worth $1,104,000 after purchasing an additional 1,295 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on QCOM. Barclays lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Melius started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 target price for the company. Rosenblatt Securities reissued a "buy" rating and set a $250.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Finally, Susquehanna reduced their price target on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $205.32.
Read Our Latest Analysis on QCOM
QUALCOMM Stock Performance
Shares of NASDAQ QCOM traded up $4.64 during trading hours on Friday, reaching $156.58. The stock had a trading volume of 5,306,194 shares, compared to its average volume of 8,248,235. The firm has a market cap of $173.18 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.01 and a beta of 1.28. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The firm has a 50-day moving average of $164.68 and a 200-day moving average of $164.46.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last released 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%. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.
QUALCOMM Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.17%. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.
Insider Buying and Selling at QUALCOMM
In related news, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares of the company's stock, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Neil Martin sold 744 shares of the stock in a transaction dated 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 trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,555 shares of company stock worth $5,094,134. Insiders own 0.08% of the company's stock.
QUALCOMM Company 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.
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