Jackson Creek Investment Advisors LLC Has $823,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Jackson Creek Investment Advisors LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 182.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,358 shares of the wireless technology company's stock after purchasing an additional 3,461 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in QUALCOMM were worth $823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QCOM. Paulson Wealth Management Inc. raised its holdings in QUALCOMM by 2.2% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,791 shares of the wireless technology company's stock worth $475,000 after acquiring an additional 61 shares during the period. TBH Global Asset Management LLC grew its position in shares of QUALCOMM by 0.9% in the fourth quarter. TBH Global Asset Management LLC now owns 7,050 shares of the wireless technology company's stock valued at $1,083,000 after purchasing an additional 63 shares during the last quarter. Delta Financial Advisors LLC increased its stake in shares of QUALCOMM by 2.1% in the third quarter. Delta Financial Advisors LLC now owns 3,221 shares of the wireless technology company's stock worth $548,000 after purchasing an additional 65 shares during the period. CFS Investment Advisory Services LLC lifted its position in shares of QUALCOMM by 1.1% during the 4th quarter. CFS Investment Advisory Services LLC now owns 6,050 shares of the wireless technology company's stock worth $929,000 after purchasing an additional 65 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in QUALCOMM by 3.1% during the 4th quarter. Toth Financial Advisory Corp now owns 2,190 shares of the wireless technology company's stock valued at $336,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

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Insider Buying and Selling

In related news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares in the company, valued at approximately $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 sold 47,045 shares of company stock worth $7,752,423 in the last quarter. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Melius started 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. StockNews.com raised shares of QUALCOMM from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Benchmark restated a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. Finally, Melius Research initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Price Performance

QCOM traded up $5.18 during trading on Friday, hitting $161.22. The company's stock had a trading volume of 8,725,530 shares, compared to its average volume of 8,297,443. The firm's 50 day moving average price is $164.76 and its two-hundred day moving average price is $165.09. 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 capitalization of $178.31 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth 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.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued 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 return on equity of 39.51% and a net margin of 25.94%. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio is currently 36.32%.

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.