QUALCOMM Incorporated (NASDAQ:QCOM) is Holowesko Partners Ltd.'s 2nd Largest Position

Holowesko Partners Ltd. lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1,399.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 148,400 shares of the wireless technology company's stock after acquiring an additional 138,500 shares during the quarter. QUALCOMM accounts for about 10.4% of Holowesko Partners Ltd.'s holdings, making the stock its 2nd biggest holding. Holowesko Partners Ltd.'s holdings in QUALCOMM were worth $22,797,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QCOM. Clearbridge Investments LLC lifted its holdings in QUALCOMM by 3.1% in the 4th quarter. Clearbridge Investments LLC now owns 177,954 shares of the wireless technology company's stock worth $27,337,000 after buying an additional 5,348 shares during the period. Brandywine Global Investment Management LLC bought a new position in QUALCOMM in the fourth quarter worth about $101,376,000. IPG Investment Advisors LLC lifted its holdings in QUALCOMM by 82.8% in the fourth quarter. IPG Investment Advisors LLC now owns 56,177 shares of the wireless technology company's stock worth $8,630,000 after buying an additional 25,442 shares during the period. California Public Employees Retirement System grew its holdings in shares of QUALCOMM by 1.6% during the 4th quarter. California Public Employees Retirement System now owns 3,505,858 shares of the wireless technology company's stock worth $538,570,000 after acquiring an additional 53,573 shares during the period. Finally, RWA Wealth Partners LLC boosted its position in shares of QUALCOMM by 29.7% during the fourth quarter. RWA Wealth Partners LLC now owns 184,259 shares of the wireless technology company's stock valued at $28,306,000 after purchasing an additional 42,219 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

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QUALCOMM Price Performance

Shares of QCOM stock traded up $0.89 during mid-day trading on Monday, hitting $153.61. The company had a trading volume of 8,610,780 shares, compared to its average volume of 8,605,370. The stock's 50 day moving average price is $164.16 and its 200-day moving average price is $163.82. QUALCOMM Incorporated has a 52-week low of $147.99 and a 52-week high of $230.63. The company has a market capitalization of $169.89 billion, a P/E ratio of 16.41, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed 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 2.21%. The ex-dividend date of this dividend was Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Piper Sandler lowered their price objective on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Evercore ISI reduced their price objective on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.

Insiders Place Their Bets

In other news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM 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 completion of the sale, the insider now owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 27,968 shares of company stock worth $4,685,077 over the last quarter. Company insiders own 0.08% of the company's stock.

About QUALCOMM

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.