Headlands Technologies LLC Purchases Shares of 42,462 QUALCOMM Incorporated (NASDAQ:QCOM)

Headlands Technologies LLC purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 42,462 shares of the wireless technology company's stock, valued at approximately $8,458,000. QUALCOMM accounts for about 0.9% of Headlands Technologies LLC's portfolio, making the stock its 17th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. City Holding Co. increased its holdings in shares of QUALCOMM by 3.5% in the first quarter. City Holding Co. now owns 5,884 shares of the wireless technology company's stock worth $996,000 after purchasing an additional 199 shares during the last quarter. Bard Financial Services Inc. increased its holdings in shares of QUALCOMM by 0.4% in the fourth quarter. Bard Financial Services Inc. now owns 34,790 shares of the wireless technology company's stock worth $5,032,000 after purchasing an additional 125 shares during the last quarter. BNP Paribas bought a new stake in shares of QUALCOMM in the first quarter worth about $3,104,000. SWP Financial LLC bought a new stake in shares of QUALCOMM in the fourth quarter worth about $593,000. Finally, Horizon Investment Services LLC bought a new stake in shares of QUALCOMM in the first quarter worth about $3,832,000. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on QCOM shares. Robert W. Baird lifted their target price on QUALCOMM from $200.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, July 23rd. Hsbc Global Res lowered QUALCOMM from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Wolfe Research lowered QUALCOMM from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. Tigress Financial lifted their price target on QUALCOMM from $238.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, June 21st. Finally, Bank of America lifted their price target on QUALCOMM from $180.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $210.63.

QUALCOMM Trading Up 0.6 %

Shares of QUALCOMM stock traded up $0.91 on Tuesday, hitting $161.68. 7,916,547 shares of the company traded hands, compared to its average volume of 9,258,871. The company has a market cap of $180.11 billion, a PE ratio of 21.73, a PEG ratio of 1.74 and a beta of 1.28. QUALCOMM Incorporated has a 52 week low of $104.33 and a 52 week high of $230.63. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The stock's 50 day moving average price is $178.40 and its 200-day moving average price is $181.85.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.21. The company had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. Equities research analysts predict that QUALCOMM Incorporated will post 7.98 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, September 5th. QUALCOMM's dividend payout ratio (DPR) is 45.70%.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $205.61, for a total transaction of $616,830.00. Following the transaction, the chief financial officer now directly owns 60,343 shares of the company's stock, valued at $12,407,124.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $205.61, for a total transaction of $616,830.00. Following the transaction, the chief financial officer now directly owns 60,343 shares of the company's stock, valued at $12,407,124.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the company's stock in a transaction on Monday, July 1st. The stock was sold at an average price of $199.47, for a total value of $1,595,760.00. Following the transaction, the chief technology officer now directly owns 237,893 shares in the company, valued at $47,452,516.71. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $3,496,590 over the last 90 days. Corporate insiders own 0.08% of the company's stock.

QUALCOMM 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.