Aviso Financial Inc. Buys 6,117 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Aviso Financial Inc. boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 291.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,219 shares of the wireless technology company's stock after acquiring an additional 6,117 shares during the quarter. Aviso Financial Inc.'s holdings in QUALCOMM were worth $1,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Atala Financial Inc acquired a new position in shares of QUALCOMM in the 4th quarter valued at about $2,332,000. Mondrian Investment Partners LTD bought a new stake in QUALCOMM during the fourth quarter worth approximately $830,000. Madison Investment Advisors LLC bought a new stake in QUALCOMM during the fourth quarter worth approximately $13,796,000. Impact Capital Partners LLC bought a new stake in QUALCOMM during the fourth quarter worth approximately $406,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of QUALCOMM by 1.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 597,158 shares of the wireless technology company's stock valued at $91,735,000 after acquiring an additional 7,871 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total value of $523,308.34. Following the completion of the transaction, the chief financial officer now owns 59,778 shares of the company's stock, valued at $9,374,385.96. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,968 shares of company stock worth $4,685,077. Insiders own 0.08% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on QCOM. Benchmark reissued a "buy" rating and issued a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Evercore ISI reduced their price objective on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective for the company. Finally, Barclays reduced their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.32.

QUALCOMM Trading Up 1.1 %

QUALCOMM stock traded up $1.77 during mid-day trading on Monday, hitting $158.35. The stock had a trading volume of 2,806,883 shares, compared to its average volume of 8,226,973. The stock has a 50-day simple moving average of $164.68 and a two-hundred day simple moving average of $164.40. The stock has a market capitalization of $175.13 billion, a PE ratio of 16.91, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. 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 (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.

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.