QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Capital Management Corp VA

Capital Management Corp VA grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 109,953 shares of the wireless technology company's stock after buying an additional 23,514 shares during the quarter. QUALCOMM accounts for about 3.0% of Capital Management Corp VA's investment portfolio, making the stock its 10th biggest position. Capital Management Corp VA's holdings in QUALCOMM were worth $16,891,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $26,000. CKW Financial Group purchased a new stake in QUALCOMM during the fourth quarter worth $27,000. Centricity Wealth Management LLC purchased a new stake in QUALCOMM during the fourth quarter worth $29,000. Planning Capital Management Corp lifted its holdings in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after buying an additional 114 shares during the period. Finally, Synergy Asset Management LLC purchased a new stake in QUALCOMM during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI lowered their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Susquehanna lowered their target price on QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, November 20th. Benchmark reiterated a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. StockNews.com upgraded QUALCOMM from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, Melius began coverage on QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $205.32.

Remove Ads

QUALCOMM Price Performance

Shares of NASDAQ:QCOM traded up $5.18 during trading on Friday, reaching $161.22. 8,725,530 shares of the company's stock traded hands, compared to its average volume of 8,297,443. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $178.31 billion, a PE ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a 50-day simple moving average of $164.76 and a 200-day simple moving average of $165.09.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, March 6th. QUALCOMM's dividend payout ratio is presently 36.32%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company's stock, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 completion of the transaction, the general counsel now directly 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. In the last three months, insiders have sold 47,045 shares of company stock valued at $7,752,423. 0.08% of the stock is owned by corporate 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.