Impact Capital Partners LLC Makes New $406,000 Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

Impact Capital Partners LLC purchased 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 Securities and Exchange Commission (SEC). The firm purchased 2,640 shares of the wireless technology company's stock, valued at approximately $406,000.

Several other institutional investors have also made changes to their positions in the stock. Aptus Capital Advisors LLC lifted its stake in QUALCOMM by 33.1% in the third quarter. Aptus Capital Advisors LLC now owns 18,849 shares of the wireless technology company's stock valued at $3,205,000 after acquiring an additional 4,690 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of QUALCOMM by 124.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 92,544 shares of the wireless technology company's stock valued at $15,737,000 after purchasing an additional 51,396 shares during the period. Cable Hill Partners LLC raised its position in shares of QUALCOMM by 46.0% in the third 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 raised its position in shares of QUALCOMM by 7.1% in the third quarter. Plato Investment Management Ltd now owns 36,998 shares of the wireless technology company's stock valued at $6,285,000 after purchasing an additional 2,449 shares during the period. Finally, Peak Asset Management LLC raised its position in shares of QUALCOMM by 24.9% in the third quarter. Peak Asset Management LLC now owns 6,491 shares of the wireless technology company's stock valued at $1,104,000 after purchasing an additional 1,295 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Melius Research assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target on the stock. Mizuho dropped their target price on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Piper Sandler dropped their target price on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Melius initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. Finally, Barclays dropped their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Price Performance

NASDAQ:QCOM traded down $0.35 during mid-day trading on Monday, reaching $156.23. 1,244,578 shares of the company were exchanged, compared to its average volume of 8,220,708. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The company has a fifty day moving average of $164.68 and a 200 day moving average of $164.40. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The stock has a market cap of $172.79 billion, a PE ratio of 16.71, a PEG ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 39.51% and a net margin of 25.94%. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

Insider Activity

In related news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the sale, the insider now directly owns 24,393 shares in the company, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the sale, the chief financial officer now owns 63,115 shares in the company, valued at $10,716,927. This represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is currently owned by insiders.

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.