30,829 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Purchased by Guardian Partners Inc.

Guardian Partners Inc. purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,829 shares of the wireless technology company's stock, valued at approximately $4,904,000.

Other hedge funds have also made changes to their positions in the company. Thompson Siegel & Walmsley LLC increased its stake in shares of QUALCOMM by 0.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 17,112 shares of the wireless technology company's stock valued at $2,910,000 after purchasing an additional 150 shares during the period. Meridian Wealth Management LLC bought a new stake in QUALCOMM during the 3rd quarter valued at $1,617,000. GenTrust LLC grew its stake in shares of QUALCOMM by 128.2% in the third quarter. GenTrust LLC now owns 2,396 shares of the wireless technology company's stock worth $407,000 after purchasing an additional 1,346 shares in the last quarter. Nicolet Advisory Services LLC increased its holdings in shares of QUALCOMM by 20.0% during the third quarter. Nicolet Advisory Services LLC now owns 1,701 shares of the wireless technology company's stock valued at $287,000 after purchasing an additional 283 shares during the period. Finally, Certified Advisory Corp lifted its holdings in QUALCOMM by 8.5% in the third quarter. Certified Advisory Corp now owns 10,023 shares of the wireless technology company's stock worth $1,704,000 after purchasing an additional 787 shares during the period. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares in the company, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,968 shares of company stock valued at $4,685,077. Insiders own 0.08% of the company's stock.

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QUALCOMM Stock Down 0.4 %

Shares of QCOM stock traded down $0.56 on Thursday, hitting $157.83. The company's stock had a trading volume of 647,952 shares, compared to its average volume of 8,192,723. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The stock has a market capitalization of $174.56 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The firm's fifty day moving average price is $164.47 and its 200-day moving average price is $163.92.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) 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%. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.15%. QUALCOMM's dividend payout ratio is presently 36.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QCOM shares. Melius assumed coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Cantor Fitzgerald restated a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Barclays cut their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, Melius Research started coverage on QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $205.32.

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.