MassMutual Private Wealth & Trust FSB Raises Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

MassMutual Private Wealth & Trust FSB lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 133.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,032 shares of the wireless technology company's stock after purchasing an additional 32,039 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in QUALCOMM were worth $8,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Guinness Asset Management LTD raised its position in shares of QUALCOMM by 18.5% during the fourth quarter. Guinness Asset Management LTD now owns 45,631 shares of the wireless technology company's stock valued at $7,010,000 after buying an additional 7,111 shares during the last quarter. DLK Investment Management LLC increased its position in shares of QUALCOMM by 0.4% during the 4th quarter. DLK Investment Management LLC now owns 24,031 shares of the wireless technology company's stock valued at $3,692,000 after purchasing an additional 100 shares during the last quarter. Bridgewater Advisors Inc. increased its position in QUALCOMM by 2.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 15,335 shares of the wireless technology company's stock valued at $2,446,000 after acquiring an additional 329 shares during the last quarter. AHL Investment Management Inc. grew its stake in shares of QUALCOMM by 0.6% during the fourth quarter. AHL Investment Management Inc. now owns 15,928 shares of the wireless technology company's stock valued at $2,447,000 after buying an additional 100 shares during the last quarter. Finally, Access Financial Services Inc. increased its stake in QUALCOMM by 2.2% in the fourth quarter. Access Financial Services Inc. now owns 7,886 shares of the wireless technology company's stock worth $1,211,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on QCOM. Mizuho decreased their target price on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. KeyCorp lowered QUALCOMM from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Citigroup cut their price target on QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 16th. Morgan Stanley decreased their price objective on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Finally, Benchmark reiterated a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.57.

QUALCOMM Stock Performance

NASDAQ QCOM traded up $3.13 on Monday, hitting $164.56. 8,063,912 shares of the company's stock traded hands, compared to its average volume of 6,526,932. The firm has a market capitalization of $182.83 billion, a PE ratio of 18.30, a P/E/G ratio of 2.63 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $139.26 and a 1-year high of $230.63. The firm's 50-day moving average price is $158.85 and its two-hundred day moving average price is $168.57. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, analysts expect that QUALCOMM Incorporated will post 9.09 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.07%. QUALCOMM's dividend payout ratio (DPR) is 37.82%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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. This represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares of the company's stock, valued at $1,981,875.42. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is owned by corporate 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.