Nebula Research & Development LLC Invests $3.84 Million in QUALCOMM Incorporated (NASDAQ:QCOM)

Nebula Research & Development LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,991 shares of the wireless technology company's stock, valued at approximately $3,839,000. QUALCOMM comprises 0.5% of Nebula Research & Development LLC's holdings, making the stock its 9th largest holding.

Several other hedge funds also recently made changes to their positions in QCOM. Keyvantage Wealth LLC acquired a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $233,000. Stonebridge Capital Advisors LLC boosted its position in QUALCOMM by 2.2% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 129,269 shares of the wireless technology company's stock worth $19,858,000 after acquiring an additional 2,764 shares during the period. Hancock Whitney Corp increased its holdings in shares of QUALCOMM by 2.9% during the fourth quarter. Hancock Whitney Corp now owns 31,856 shares of the wireless technology company's stock valued at $4,894,000 after purchasing an additional 891 shares during the period. Empire Financial Management Company LLC raised its stake in shares of QUALCOMM by 32.0% during the fourth quarter. Empire Financial Management Company LLC now owns 12,738 shares of the wireless technology company's stock valued at $1,957,000 after purchasing an additional 3,090 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in QUALCOMM by 0.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 215,859 shares of the wireless technology company's stock worth $33,160,000 after purchasing an additional 775 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Down 0.6 %

NASDAQ:QCOM traded down $0.94 during trading hours on Monday, reaching $147.62. The company's stock had a trading volume of 5,732,225 shares, compared to its average volume of 8,884,969. The company has a market cap of $163.27 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The business's 50-day moving average is $150.11 and its 200-day moving average is $159.37. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (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%. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.41%. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. QUALCOMM's dividend payout ratio is 38.03%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays dropped their price target 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. Benchmark reissued a "buy" rating and set a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. TD Cowen decreased their price target on QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Evercore ISI dropped their price objective on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Finally, StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $201.21.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 63,115 shares of the company's stock, valued at approximately $10,716,927. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,666 shares of company stock valued at $5,047,052. 0.08% of the stock is 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.