11,862 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Acquired by Parametrica Management Ltd

Parametrica Management Ltd bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,862 shares of the wireless technology company's stock, valued at approximately $2,363,000. QUALCOMM comprises 3.1% of Parametrica Management Ltd's portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its position in shares of QUALCOMM by 7.3% in the 4th quarter. Gilbert & Cook Inc. now owns 5,254 shares of the wireless technology company's stock worth $760,000 after acquiring an additional 356 shares in the last quarter. Gryphon Financial Partners LLC bought a new stake in QUALCOMM in the fourth quarter worth approximately $334,000. Avantax Advisory Services Inc. lifted its stake in QUALCOMM by 3.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,742 shares of the wireless technology company's stock valued at $3,578,000 after buying an additional 766 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of QUALCOMM by 1.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 11,085 shares of the wireless technology company's stock worth $1,564,000 after buying an additional 207 shares in the last quarter. Finally, Barings LLC grew its position in shares of QUALCOMM by 6.3% during the 4th quarter. Barings LLC now owns 2,541 shares of the wireless technology company's stock worth $368,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

NASDAQ:QCOM traded down $1.58 during trading on Thursday, reaching $164.98. The company's stock had a trading volume of 6,031,473 shares, compared to its average volume of 9,237,411. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The firm has a market cap of $184.12 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. The firm has a 50 day moving average of $177.65 and a 200-day moving average of $181.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39.

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

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. QUALCOMM's dividend payout ratio (DPR) is presently 45.70%.

Analyst Ratings Changes

Several research analysts recently issued reports on QCOM shares. Citigroup increased their target price on shares of QUALCOMM from $170.00 to $200.00 and gave the stock a "neutral" rating in a research note on Monday, July 15th. StockNews.com downgraded QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, September 3rd. Rosenblatt Securities upped their price target on QUALCOMM from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Robert W. Baird raised their price objective on QUALCOMM from $200.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. Finally, Susquehanna upped their target price on QUALCOMM from $205.00 to $250.00 and gave the stock a "positive" rating in a research report on Wednesday, July 17th. 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 stock. According to MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average target price of $210.63.

Insider Activity at QUALCOMM

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

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.