Oarsman Capital Inc. boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,866 shares of the wireless technology company's stock after buying an additional 2,825 shares during the quarter. Oarsman Capital Inc.'s holdings in QUALCOMM were worth $2,591,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of QUALCOMM by 102.5% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,156 shares of the wireless technology company's stock valued at $707,000 after buying an additional 2,104 shares in the last quarter. Two Sigma Advisers LP grew its holdings in QUALCOMM by 202.6% in the third quarter. Two Sigma Advisers LP now owns 2,061,900 shares of the wireless technology company's stock worth $350,626,000 after purchasing an additional 1,380,500 shares during the last quarter. Weaver Consulting Group acquired a new position in shares of QUALCOMM during the third quarter worth $203,000. Wahed Invest LLC lifted its holdings in shares of QUALCOMM by 14.9% during the 3rd quarter. Wahed Invest LLC now owns 26,927 shares of the wireless technology company's stock valued at $4,579,000 after purchasing an additional 3,489 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in shares of QUALCOMM by 177.9% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 782,322 shares of the wireless technology company's stock worth $133,034,000 after purchasing an additional 500,849 shares in the last quarter. Institutional investors own 74.35% of the company's stock.
Insider Transactions at QUALCOMM
In related news, insider Alexander H. Rogers sold 19,287 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the transaction, the chief financial officer now owns 63,115 shares of the company's stock, valued at $10,716,927. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is currently owned by corporate insiders.
QUALCOMM Trading Up 1.8 %
QCOM traded up $2.26 on Monday, hitting $129.72. The company had a trading volume of 17,928,990 shares, compared to its average volume of 8,719,982. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The firm has a market cap of $143.47 billion, a P/E ratio of 13.86, a PEG ratio of 2.01 and a beta of 1.28. The company's fifty day moving average price is $161.74 and its 200 day moving average price is $163.05. QUALCOMM Incorporated has a 1 year low of $120.95 and a 1 year high of $230.63.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.
QUALCOMM Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, March 6th. QUALCOMM's dividend payout ratio is currently 36.32%.
Analyst Ratings Changes
A number of research firms recently commented on QCOM. Benchmark reiterated a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. Evercore ISI cut their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Melius began coverage on QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 price target on the stock. Finally, StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.32.
Read Our Latest Report on QUALCOMM
About QUALCOMM
(
Free Report)
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.
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