O Keefe Stevens Advisory Inc. Has $20.98 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

O Keefe Stevens Advisory Inc. raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,595 shares of the wireless technology company's stock after purchasing an additional 3,096 shares during the period. QUALCOMM makes up approximately 6.5% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its 2nd biggest position. O Keefe Stevens Advisory Inc.'s holdings in QUALCOMM were worth $20,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Concorde Asset Management LLC bought a new stake in QUALCOMM in the 2nd quarter valued at $202,000. Inspire Investing LLC increased its stake in QUALCOMM by 89.1% in the second quarter. Inspire Investing LLC now owns 4,956 shares of the wireless technology company's stock valued at $987,000 after acquiring an additional 2,335 shares during the period. ProVise Management Group LLC raised its position in QUALCOMM by 12.4% in the second quarter. ProVise Management Group LLC now owns 2,148 shares of the wireless technology company's stock worth $428,000 after purchasing an additional 237 shares in the last quarter. Ieq Capital LLC lifted its stake in QUALCOMM by 19.0% during the second quarter. Ieq Capital LLC now owns 55,797 shares of the wireless technology company's stock worth $11,114,000 after purchasing an additional 8,906 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in QUALCOMM by 1.4% during the second quarter. Benjamin Edwards Inc. now owns 27,666 shares of the wireless technology company's stock valued at $5,511,000 after purchasing an additional 384 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho cut 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. Barclays cut their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday. Citigroup lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. Finally, Evercore ISI upped their price objective on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $206.57.

QUALCOMM Trading Up 1.9 %

NASDAQ QCOM traded up $3.13 on Friday, reaching $164.56. The company had a trading volume of 8,063,912 shares, compared to its average volume of 6,526,932. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 52 week low of $139.26 and a 52 week high of $230.63. The stock has a market cap of $182.83 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.63 and a beta of 1.25. The stock's 50 day moving average is $158.85 and its 200-day moving average is $169.03.

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

QUALCOMM Dividend Announcement

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

Insider Activity at QUALCOMM

In related news, insider Alexander H. Rogers sold 10,373 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares in the company, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the sale, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock worth $4,314,649 in the last quarter. Corporate insiders own 0.08% of the company's stock.

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.