China Universal Asset Management Co. Ltd. Has $4.24 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

China Universal Asset Management Co. Ltd. raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,596 shares of the wireless technology company's stock after acquiring an additional 4,955 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in QUALCOMM were worth $4,239,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QCOM. Reston Wealth Management LLC bought a new stake in shares of QUALCOMM in the 3rd quarter valued at approximately $26,000. CKW Financial Group bought a new stake in QUALCOMM in the fourth quarter worth approximately $27,000. Planning Capital Management Corp increased its stake in shares of QUALCOMM by 137.3% during the 3rd 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. Accordant Advisory Group Inc bought a new position in shares of QUALCOMM during the 3rd quarter valued at $36,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of QUALCOMM in the 4th quarter valued at $38,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 1.6 %

Shares of NASDAQ:QCOM traded up $2.81 during trading on Tuesday, hitting $173.05. 3,962,572 shares of the company's stock were exchanged, compared to its average volume of 7,302,582. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The firm has a market cap of $192.26 billion, a P/E ratio of 19.25, a PEG ratio of 2.87 and a beta of 1.25. The firm has a 50-day moving average price of $160.99 and a two-hundred day moving average price of $166.04. QUALCOMM Incorporated has a 1-year low of $141.21 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The company had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $9.90 billion. Equities analysts predict that QUALCOMM Incorporated will post 9.16 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.96%. QUALCOMM's dividend payout ratio (DPR) is presently 37.82%.

Insider Buying and Selling

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the transaction, the insider now owns 33,383 shares in the company, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 1,304 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,981 shares of company stock valued at $4,000,870 in the last 90 days. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on QCOM. Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. Citigroup cut their price objective on QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 16th. Loop Capital began coverage on QUALCOMM in a research report on Monday, November 11th. They set a "hold" rating and a $180.00 target price for the company. 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. Finally, Melius Research started coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a "hold" rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $206.57.

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.