Fermata Advisors LLC Purchases 2,210 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Fermata Advisors LLC raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 139.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,793 shares of the wireless technology company's stock after acquiring an additional 2,210 shares during the quarter. Fermata Advisors LLC's holdings in QUALCOMM were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of QCOM. Reston Wealth Management LLC bought a new position in QUALCOMM during the third quarter worth about $26,000. HWG Holdings LP bought a new position in shares of QUALCOMM during the 2nd quarter worth approximately $30,000. Planning Capital Management Corp increased its holdings in shares of 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 acquiring an additional 114 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in QUALCOMM in the 3rd quarter valued at $36,000. Finally, Legacy Investment Solutions LLC acquired a new stake in QUALCOMM during the 3rd quarter valued at $39,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In other news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value 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 $5,360,975.97. The trade was a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock valued at $4,314,649 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on QCOM. Wells Fargo & Company increased their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a research report on Thursday, November 7th. KeyCorp cut shares of QUALCOMM from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 2nd. Melius assumed coverage on QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. Finally, UBS Group lifted their price target on QUALCOMM from $185.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and a consensus target price of $206.57.

QUALCOMM Price Performance

NASDAQ:QCOM traded up $3.13 during trading hours on Friday, hitting $164.56. The company's stock had a trading volume of 8,063,912 shares, compared to its average volume of 7,168,905. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The company has a market capitalization of $182.83 billion, a P/E ratio of 18.30, a PEG ratio of 2.63 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The stock has a fifty day simple moving average of $158.98 and a 200-day simple moving average of $169.28.

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

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.07%. QUALCOMM's payout ratio is 37.82%.

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.