QUALCOMM Incorporated (NASDAQ:QCOM) is Staley Capital Advisers Inc.'s 4th Largest Position

Staley Capital Advisers Inc. lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 732,263 shares of the wireless technology company's stock after acquiring an additional 1,907 shares during the period. QUALCOMM accounts for approximately 5.0% of Staley Capital Advisers Inc.'s holdings, making the stock its 4th biggest holding. Staley Capital Advisers Inc. owned 0.07% of QUALCOMM worth $112,490,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of QUALCOMM in the 4th quarter valued at about $26,000. CKW Financial Group bought a new position in shares of QUALCOMM in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC bought a new position in shares of QUALCOMM in the 4th quarter valued at about $29,000. Planning Capital Management Corp lifted its stake in QUALCOMM by 137.3% in the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in QUALCOMM in the fourth quarter worth about $38,000. Institutional investors own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the completion of the sale, the insider now owns 24,393 shares of the company's stock, valued at $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the sale, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at $9,374,385.96. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,555 shares of company stock valued at $5,094,134 over the last 90 days. Corporate insiders own 0.08% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, November 20th. Benchmark reissued a "buy" rating and issued a $240.00 price objective on shares of QUALCOMM in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Evercore ISI reduced their target price on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho cut their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.32.

QUALCOMM Stock Performance

QCOM traded down $0.86 on Thursday, reaching $151.94. The stock had a trading volume of 5,834,592 shares, compared to its average volume of 8,292,576. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. 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 business's 50-day moving average price is $164.70 and its two-hundred day moving average price is $164.61. The company has a market cap of $168.05 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.24%. QUALCOMM's dividend payout ratio is currently 36.32%.

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.