19,500 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Acquired by Colrain Capital LLC

Colrain Capital LLC acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,500 shares of the wireless technology company's stock, valued at approximately $2,996,000. QUALCOMM comprises about 2.9% of Colrain Capital LLC's investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Kohmann Bosshard Financial Services LLC acquired a new position in shares of QUALCOMM in the fourth quarter valued at approximately $26,000. CKW Financial Group purchased a new stake in QUALCOMM in the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC acquired a new position in QUALCOMM in the 4th quarter valued at $29,000. CoreFirst Bank & Trust purchased a new position in shares of QUALCOMM during the 4th quarter worth $33,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of QUALCOMM during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

QCOM traded down $15.11 on Thursday, reaching $138.97. The company had a trading volume of 6,115,138 shares, compared to its average volume of 7,658,747. The company has a market capitalization of $153.70 billion, a P/E ratio of 14.85, 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. The company has a fifty day moving average of $163.33 and a 200-day moving average of $163.57. QUALCOMM Incorporated has a one year low of $138.96 and a one year high of $230.63.

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

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.85 dividend. The ex-dividend date was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.45%. QUALCOMM's payout ratio is currently 36.32%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the company's 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 transaction, the insider now owns 24,393 shares of the company's stock, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total value of $523,308.34. Following the sale, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at approximately $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. Insiders sold a total of 27,968 shares of company stock valued at $4,685,077 over the last ninety days. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on QCOM. Benchmark reiterated a "buy" rating and set a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Evercore ISI cut their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Piper Sandler lowered their target price on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Melius assumed coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $205.32.

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.